Abbreviated Company Accounts - PROF PAY LIMITED

Registered Number 07559033

PROF PAY LIMITED

Abbreviated Accounts

31 March 2014

PROF PAY LIMITED Registered Number 07559033

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Called up share capital not paid		-	-
Fixed assets
Intangible assets	2	35,992	55,761
Tangible assets	3	14,342	27,922
Investments		-	-
		50,334	83,683
Current assets
Stocks		-	-
Debtors		135,855	90,270
Investments		-	-
Cash at bank and in hand		2,612	3,915
		138,467	94,185
Prepayments and accrued income		-	-
Creditors: amounts falling due within one year		(79,772)	(52,600)
Net current assets (liabilities)		58,695	41,585
Total assets less current liabilities		109,029	125,268
Creditors: amounts falling due after more than one year		0	-
Provisions for liabilities		0	-
Accruals and deferred income		0	-
Total net assets (liabilities)		109,029	125,268
Capital and reserves
Called up share capital		10,523	8,869
Share premium account		588,972	449,696
Revaluation reserve		0	-
Other reserves		0	-
Profit and loss account		(490,466)	(333,297)
Shareholders' funds		109,029	125,268

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 23 December 2014

And signed on their behalf by:
Elkin Pianim, Director
Kwame Acheampong, Director

PROF PAY LIMITED Registered Number 07559033

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.

2Intangible fixed assets

	£
Cost
At 1 April 2013	63,727
Additions	-
Disposals	-
Revaluations	(5,372)
Transfers	-
At 31 March 2014	58,355
Amortisation
At 1 April 2013	7,966
Charge for the year	14,397
On disposals	-
At 31 March 2014	22,363
Net book values
At 31 March 2014	35,992
At 31 March 2013	55,761

3Tangible fixed assets

	£
Cost
At 1 April 2013	54,318
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	54,318
Depreciation
At 1 April 2013	26,396
Charge for the year	13,580
On disposals	-
At 31 March 2014	39,976
Net book values
At 31 March 2014	14,342
At 31 March 2013	27,922