Abbreviated Company Accounts - PAXCS LTD

07546565 PAXCS LTD 2014-03-31 false 2013-04-01 2014-03-31 true 07546565 2013-04-01 2014-03-31 07546565 2014-03-31 07546565 2013-03-31 07546565 uk-gaap-cd-bus:Director1 2013-04-01 2014-03-31 07546565 uk-gaap-cd-bus:Director2 2013-04-01 2014-03-31 uk-gaap-cd-bus:Director3 2013-04-01 2014-03-31 uk-gaap-cd-bus:Director3 2014-03-31 uk-gaap-cd-bus:Director3 2013-03-31 iso4217:GBP shares

Registered Number 07546565

PAXCS LTD

Abbreviated Accounts

31 March 2014

PAXCS LTD Registered Number 07546565

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	2,381	2,830
		2,381	2,830
Current assets
Debtors		16,132	17,602
Cash at bank and in hand		26,677	31,723
		42,809	49,325
Creditors: amounts falling due within one year		(29,820)	(39,521)
Net current assets (liabilities)		12,989	9,804
Total assets less current liabilities		15,370	12,634
Total net assets (liabilities)		15,370	12,634
Capital and reserves
Called up share capital		8	8
Profit and loss account		15,362	12,626
Shareholders' funds		15,370	12,634

For the year ending 31 March 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 18 December 2014

And signed on their behalf by:
Chris O'Keeffe, Director
Patricia O'Keeffe, Director

PAXCS LTD Registered Number 07546565

Notes to the Abbreviated Accounts for the period ended 31 March 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Motor vehicles 25% straight line
Equipment, fixtures and fittings 25% straight line

2Tangible fixed assets

	£
Cost
At 1 April 2013	3,501
Additions	511
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	4,012
Depreciation
At 1 April 2013	671
Charge for the year	960
On disposals	-
At 31 March 2014	1,631
Net book values
At 31 March 2014	2,381
At 31 March 2013	2,830

3Transactions with directors

Name of director receiving advance or credit:	Chris O'Keeffe
Description of the transaction:	Interest Free Loan
Balance at 1 April 2013:	£ 0
Advances or credits made:	£ 2,255
Advances or credits repaid:	-
Balance at 31 March 2014:	£ 2,255