PSC Management Consultancy Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 06247187 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MAY 2014

FOR

PSC MANAGEMENT CONSULTANCY LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

M D R Horgan

SECRETARY:

REGISTERED OFFICE:

2A Zodiac House

Calleva Park

Aldermaston

Berkshire

RG7 8HN

REGISTERED NUMBER:

06247187 (England and Wales)

ACCOUNTANTS:

Durrants - Calleva

Accountants and Tax Advisors

2A Zodiac House

Calleva Park

Aldermaston

Berkshire

RG7 8HN

FIXED ASSETS

Intangible assets

2

5,850

11,700

Tangible assets

3

1,164

432

7,014

12,132

CURRENT ASSETS

Debtors

2,968

1,139

Cash at bank

1,308

4,360

4,276

5,499

CREDITORS

Amounts falling due within one year

53,533

39,719

NET CURRENT LIABILITIES

(49,257

)

(34,220

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(42,243

)

(22,088

)

CAPITAL AND RESERVES

Called up share capital

4

2

2

Profit and loss account

(42,245

)

(22,090

)

SHAREHOLDERS' FUNDS

(42,243

)

(22,088

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 25 February 2015 and were signed by:

M D R Horgan - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2013

and 31 May 2014

23,400

AMORTISATION

At 1 June 2013

11,700

Amortisation for year

5,850

At 31 May 2014

17,550

NET BOOK VALUE

At 31 May 2014

5,850

At 31 May 2013

11,700

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2013

810

Additions

1,246

At 31 May 2014

2,056

DEPRECIATION

At 1 June 2013

378

Charge for year

514

At 31 May 2014

892

NET BOOK VALUE

At 31 May 2014

1,164

At 31 May 2013

432

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/5/14

31/5/13

value:

£

£

2

Ordinary

£1

2

2