Passfield Data Systems Limited

Passfield Data Systems Limited

PASSFIELD DATA SYSTEMS LIMITED - Company Information

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1 January 2017 false Taxfiler 2018.11.Web 3130617business:PrivateLimitedCompanyLtd2017-01-012017-12-31 31306172016-12-31 31306172017-01-012017-12-31 3130617business:AuditExemptWithAccountantsReport2017-01-012017-12-31 3130617business:FullAccounts2017-01-012017-12-31 31306172017-12-31 3130617business:Director12017-01-012017-12-31 3130617business:Director22017-01-012017-12-31 3130617business:Director32017-01-012017-12-31 3130617business:RegisteredOffice2017-01-012017-12-31 31306172016-12-31 3130617core:WithinOneYear2017-12-31 3130617core:WithinOneYear2016-12-31 3130617core:ShareCapital2017-12-31 3130617core:ShareCapital2016-12-31 3130617core:RetainedEarningsAccumulatedLosses2017-12-31 3130617core:RetainedEarningsAccumulatedLosses2016-12-31 3130617business:SmallEntities2017-01-012017-12-31 3130617countries:EnglandWales2017-01-012017-12-31 3130617core:PlantMachinery2017-01-012017-12-31 3130617core:Goodwill2016-12-31 3130617core:Goodwill2017-12-31 3130617core:Goodwill2017-01-012017-12-31 3130617core:PlantMachinery2016-12-31 3130617core:PlantMachinery2017-12-31 3130617business:OrdinaryShareClass12017-01-012017-12-31 3130617business:OrdinaryShareClass12016-01-012016-12-31 31306172016-01-012016-12-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 3130617 (England and Wales)
Passfield Data Systems Limited Unaudited accounts for the year ended 31 December 2017
Passfield Data Systems Limited Unaudited accounts Contents
Page
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Passfield Data Systems Limited Company Information for the year ended 31 December 2017
Directors
Maria Adoracion Vellacott Christopher James Vellacott Caroline Vanessa Wijetunge
Company Number
3130617 (England and Wales)
Registered Office
CORRIE EDGE HOUSE, CORRY ROAD HINDHEAD SURREY GU26 6PB
Accountants
Crossleys Corrie Edge House Corry Road Hindhead Surrey GU26 6PB
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Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Passfield Data Systems Limited for the year ended 31 December 2017
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Passfield Data Systems Limited for the year ended 31 December 2017 as set out on pages 5 - 7 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html
This report is made solely to the Board of Directors of Passfield Data Systems Limited, as a body, in accordance with the terms of our engagement letter dated 20 December 2014. Our work has been undertaken solely to prepare for your approval the accounts of Passfield Data Systems Limited and state those matters that we have agreed to state to the Board of Directors of Passfield Data Systems Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Passfield Data Systems Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Passfield Data Systems Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Passfield Data Systems Limited. You consider that Passfield Data Systems Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Passfield Data Systems Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Crossleys Chartered Certified Accountants Corrie Edge House Corry Road Hindhead Surrey GU26 6PB 28 September 2018
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Passfield Data Systems Limited Statement of financial position as at 31 December 2017
2017 
2016 
Notes
£ 
£ 
Fixed assets
Intangible assets
4
14,677 
15,492 
Tangible assets
5
1,539 
2,169 
16,216 
17,661 
Current assets
Debtors
6
85,954 
71,616 
Cash at bank and in hand
122,960 
101,789 
208,914 
173,405 
Creditors: amounts falling due within one year
7
4,070 
3,752 
Net current assets
212,984 
177,157 
Net assets
229,200 
194,818 
Capital and reserves
Called up share capital
8
1,000 
1,000 
Profit and loss account
228,200 
193,818 
Shareholders' funds
229,200 
194,818 
For the year ending 31 December 2017 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 28 September 2018.
Maria Adoracion Vellacott Director Company Registration No. 3130617
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Passfield Data Systems Limited Notes to the Accounts for the year ended 31 December 2017
1
Statutory information
Passfield Data Systems Limited is a private company, limited by shares, registered in England and Wales, registration number 3130617. The registered office is CORRIE EDGE HOUSE, CORRY ROAD, HINDHEAD, SURREY, GU26 6PB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 January 2017
39,000 
At 31 December 2017
39,000 
Amortisation
At 1 January 2017
23,508 
Charge for the year
815 
At 31 December 2017
24,323 
Net book value
At 31 December 2017
14,677 
At 31 December 2016
15,492 
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Passfield Data Systems Limited Notes to the Accounts for the year ended 31 December 2017
5
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 January 2017
15,472 
At 31 December 2017
15,472 
Depreciation
At 1 January 2017
13,303 
Charge for the year
630 
At 31 December 2017
13,933 
Net book value
At 31 December 2017
1,539 
At 31 December 2016
2,169 
6
Debtors
2017 
2016 
£ 
£ 
Trade debtors
85,954 
70,891 
Accrued income and prepayments
- 
725 
85,954 
71,616 
7
Creditors: amounts falling due within one year
2017 
2016 
£ 
£ 
Trade creditors
- 
4,115 
Taxes and social security
11,530 
18,096 
Loans from directors
(15,600)
(25,963)
(4,070)
(3,752)
8
Share capital
2017 
2016 
£ 
£ 
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000 
1,000 
9
Average number of employees
During the year the average number of employees was 0 (2016: 7).
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