Abbreviated Company Accounts - P2V SYSTEMS LIMITED

Registered Number NI068703

P2V SYSTEMS LIMITED

Abbreviated Accounts

30 April 2016

P2V SYSTEMS LIMITED Registered Number NI068703

Abbreviated Balance Sheet as at 30 April 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	92,528	33,663
		92,528	33,663
Current assets
Debtors		360,976	175,090
Cash at bank and in hand		10,898	93,354
		371,874	268,444
Prepayments and accrued income		21,433	933
Creditors: amounts falling due within one year		(278,104)	(250,564)
Net current assets (liabilities)		115,203	18,813
Total assets less current liabilities		207,731	52,476
Creditors: amounts falling due after more than one year		(125,037)	-
Provisions for liabilities		-	(1,183)
Accruals and deferred income		-	(12,155)
Total net assets (liabilities)		82,694	39,138
Capital and reserves
Called up share capital		100	100
Profit and loss account		82,594	39,038
Shareholders' funds		82,694	39,138

For the year ending 30 April 2016 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 8 September 2016

And signed on their behalf by:
Stephen McCann, Director

P2V SYSTEMS LIMITED Registered Number NI068703

Notes to the Abbreviated Accounts for the period ended 30 April 2016

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.

Turnover policy
Turnover represents the amounts (excluding value added tax) derived from the provision of goods and services to customers.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:
Furniture, fittings and equipment
25% Straight Line

Other accounting policies
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Foreign currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date.
Transactions in foreign currencies are recorded in sterling using the exchange rate ruling at the date of the transaction.
Exchange differences are are taken into account in arriving at the operating profit.

2Tangible fixed assets

	£
Cost
At 1 May 2015	75,310
Additions	73,672
Disposals	-
Revaluations	-
Transfers	-
At 30 April 2016	148,982
Depreciation
At 1 May 2015	41,647
Charge for the year	14,807
On disposals	-
At 30 April 2016	56,454
Net book values
At 30 April 2016	92,528
At 30 April 2015	33,663