Abbreviated Company Accounts - PROFESSIONAL ACCOUNTING SYSTEMS LIMITED

PROFESSIONAL ACCOUNTING SYSTEMS LIMITED - Company Information

00906741 PROFESSIONAL ACCOUNTING SYSTEMS LIMITED 2014-04-30 false 2013-05-01 2014-04-30 true 00906741 2013-05-01 2014-04-30 00906741 2014-04-30 00906741 2013-04-30 00906741 uk-gaap-cd-bus:Director1 2013-05-01 2014-04-30 00906741 uk-gaap-cd-bus:Director2 2013-05-01 2014-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-05-01 2014-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-04-30 iso4217:GBP shares

Registered Number 00906741

PROFESSIONAL ACCOUNTING SYSTEMS LIMITED

Abbreviated Accounts

30 April 2014

PROFESSIONAL ACCOUNTING SYSTEMS LIMITED Registered Number 00906741

Abbreviated Balance Sheet as at 30 April 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	1,697	2,067
		1,697	2,067
Current assets
Debtors		98,091	123,752
Cash at bank and in hand		89,693	35,081
		187,784	158,833
Creditors: amounts falling due within one year		(110,818)	(113,615)
Net current assets (liabilities)		76,966	45,218
Total assets less current liabilities		78,663	47,285
Total net assets (liabilities)		78,663	47,285
Capital and reserves
Called up share capital	3	90	90
Other reserves		10	10
Profit and loss account		78,563	47,185
Shareholders' funds		78,663	47,285

For the year ending 30 April 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 16 September 2014

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 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.

Turnover policy
Turnover represents the invoiced amount of work done stated at net of value added tax.

Tangible assets depreciation policy
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 2013	21,522
Additions	317
Disposals	-
Revaluations	-
Transfers	-
At 30 April 2014	21,839
Depreciation
At 1 May 2013	19,455
Charge for the year	687
On disposals	-
At 30 April 2014	20,142
Net book values
At 30 April 2014	1,697
At 30 April 2013	2,067

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

	2014 £	2013 £
90 Ordinary shares of £1 each	90	90