Abbreviated Company Accounts - PUNCH IT TED LTD

07927000 PUNCH IT TED LTD 2014-03-31 false 2013-04-01 2014-03-31 true 07927000 2013-04-01 2014-03-31 07927000 2014-03-31 07927000 2013-03-31 07927000 uk-gaap-cd-bus:Director1 2013-04-01 2014-03-31 07927000 uk-gaap-cd-bus:Director2 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-03-31 iso4217:GBP shares

Registered Number 07927000

PUNCH IT TED LTD

Abbreviated Accounts

31 March 2014

PUNCH IT TED LTD Registered Number 07927000

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	2,452	2,154
		2,452	2,154
Current assets
Cash at bank and in hand		70,428	16,845
		70,428	16,845
Creditors: amounts falling due within one year		(70,162)	(16,095)
Net current assets (liabilities)		266	750
Total assets less current liabilities		2,718	2,904
Total net assets (liabilities)		2,718	2,904
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		2,618	2,804
Shareholders' funds		2,718	2,904

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 30 November 2014

And signed on their behalf by:
Mr PAUL GIBBS, Director

PUNCH IT TED LTD Registered Number 07927000

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.

Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

Turnover policy
Turnover represents amounts received for services net of VAT and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost or valuation less depreciation . Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:

Computer equipment 25% reducing balance.
Fixtures, fittings & equipment 25% reducing balance.

2Tangible fixed assets

	£
Cost
At 1 April 2013	2,859
Additions	1,351
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	4,210
Depreciation
At 1 April 2013	705
Charge for the year	1,053
On disposals	-
At 31 March 2014	1,758
Net book values
At 31 March 2014	2,452
At 31 March 2013	2,154

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
100 Ordinary shares of £1 each	100	100