Abbreviated Company Accounts - PAYTEK ADMINISTRATION SERVICES LIMITED

PAYTEK ADMINISTRATION SERVICES LIMITED - Company Information

09382408 PAYTEK ADMINISTRATION SERVICES LIMITED 2016-03-31 false 2015-01-09 2016-03-31 true 09382408 2015-01-09 2016-03-31 09382408 2016-03-31 09382408 uk-gaap-cd-bus:Director1 2015-01-09 2016-03-31 09382408 uk-gaap-cd-bus:Director2 2015-01-09 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-01-09 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-31 iso4217:GBP shares

Registered Number 09382408

PAYTEK ADMINISTRATION SERVICES LIMITED

Abbreviated Accounts

31 March 2016

PAYTEK ADMINISTRATION SERVICES LIMITED Registered Number 09382408

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016
		£
Fixed assets
Intangible assets	2	414,035
Tangible assets	3	9,385
		423,420
Current assets
Debtors		139,095
Cash at bank and in hand		25,534
		164,629
Creditors: amounts falling due within one year		(137,116)
Net current assets (liabilities)		27,513
Total assets less current liabilities		450,933
Total net assets (liabilities)		450,933
Capital and reserves
Called up share capital	4	10,000
Share premium account		589,941
Profit and loss account		(149,008)
Shareholders' funds		450,933

For the year ending 31 March 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 7 October 2016

And signed on their behalf by:
Mr N Richards, Director

PAYTEK ADMINISTRATION SERVICES LIMITED Registered Number 09382408

Notes to the Abbreviated Accounts for the period ended 31 March 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 January 2015

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off that assets over their estimated useful lives.

Equipment, fixtures and fittings - 3 years straight line

Other accounting policies
Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

2Intangible fixed assets

	£
Cost
Additions	540,045
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	540,045
Amortisation
Charge for the year	126,010
On disposals	-
At 31 March 2016	126,010
Net book values
At 31 March 2016	414,035

3Tangible fixed assets

	£
Cost
Additions	15,059
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	15,059
Depreciation
Charge for the year	5,674
On disposals	-
At 31 March 2016	5,674
Net book values
At 31 March 2016	9,385

4Called Up Share Capital
Allotted, called up and fully paid:

	2016 £
1,000,000 Ordinary shares of £0.01 each	10,000