Abbreviated Company Accounts - PROFESSIONAL ACCOUNTING SYSTEMS LIMITED

PROFESSIONAL ACCOUNTING SYSTEMS LIMITED - Company Information

00906741 PROFESSIONAL ACCOUNTING SYSTEMS LIMITED 2015-04-30 false 2014-05-01 2015-04-30 true 00906741 2014-05-01 2015-04-30 00906741 2015-04-30 00906741 2014-04-30 00906741 uk-gaap-cd-bus:Director1 2014-05-01 2015-04-30 00906741 uk-gaap-cd-bus:Director2 2014-05-01 2015-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-05-01 2015-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-04-30 iso4217:GBP shares

Registered Number 00906741

PROFESSIONAL ACCOUNTING SYSTEMS LIMITED

Abbreviated Accounts

30 April 2015

PROFESSIONAL ACCOUNTING SYSTEMS LIMITED Registered Number 00906741

Abbreviated Balance Sheet as at 30 April 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	1,579	1,697
		1,579	1,697
Current assets
Debtors		104,127	98,091
Cash at bank and in hand		71,009	89,693
		175,136	187,784
Creditors: amounts falling due within one year		(120,208)	(134,754)
Net current assets (liabilities)		54,928	53,030
Total assets less current liabilities		56,507	54,727
Total net assets (liabilities)		56,507	54,727
Capital and reserves
Called up share capital	3	90	90
Other reserves		10	10
Profit and loss account		56,407	54,627
Shareholders' funds		56,507	54,727

For the year ending 30 April 2015 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 14 August 2015

And signed on their behalf by:
I S McFarlane, Director

PROFESSIONAL ACCOUNTING SYSTEMS LIMITED Registered Number 00906741

Notes to the Abbreviated Accounts for the period ended 30 April 2015

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.

Tangible assets depreciation policy
Depreciation
Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset, over its expected useful life, as follows:
Office equipment 25% straight line

Other accounting policies
Deferred taxation
Deferred taxation arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company’s accounts. Deferred tax is provided in full on all timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current rates and law.
Pensions
Contributions in respect of pension schemes are charged to the profit and loss account for the year in which they are paid.

2Tangible fixed assets

	£
Cost
At 1 May 2014	21,839
Additions	601
Disposals	-
Revaluations	-
Transfers	-
At 30 April 2015	22,440
Depreciation
At 1 May 2014	20,142
Charge for the year	719
On disposals	-
At 30 April 2015	20,861
Net book values
At 30 April 2015	1,579
At 30 April 2014	1,697

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

	2015 £	2014 £
90 Ordinary shares of £1 each	90	90