Company Registration No. 05120533 (England and Wales)
FOCUS PAYROLL LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 APRIL 2013
FOCUS PAYROLL LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
FOCUS PAYROLL LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 APRIL 2013
30 April 2013
- 1 -
2013
2012
Notes
£
£
£
£
Fixed assets
Tangible assets
2
829
1,120
Current assets
Debtors
7,001
2,972
Cash at bank and in hand
1,683
1,205
8,684
4,177
Creditors: amounts falling due within one year
(7,982)
(4,287)
Net current assets/(liabilities)
702
(110)
Total assets less current liabilities
1,531
1,010
Provisions for liabilities
(166)
(224)
1,365
786
Capital and reserves
Called up share capital
3
1
1
Profit and loss account
1,364
785
Shareholders' funds
1,365
786
For the financial year ended 30 April 2013 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 30 January 2014
M Maplesden
Director
Company Registration No. 05120533
FOCUS PAYROLL LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 APRIL 2013
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents net invoiced sales of services excluding Value added tax.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Computer equipment
25% on cost
Office furniture
20% on cost
1.5
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes.  The deferred tax balance has not been discounted.
2
Fixed assets
Tangible assets
£
Cost
At 1 May 2012
2,852
Additions
179
At 30 April 2013
3,031
Depreciation
At 1 May 2012
1,732
Charge for the year
470
At 30 April 2013
2,202
Net book value
At 30 April 2013
829
At 30 April 2012
1,120
FOCUS PAYROLL LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2013
- 3 -
3
Share capital
2013
2012
£
£
Allotted, called up and fully paid
1 Ordinary share of £1 each
1
1
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