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Focus Payroll Limited
Registered Number:05120533
For the year ended 30 April 2017
England and Wales
Unaudited Financial Statements
2
For the year ended 30 April 2017
Focus Payroll Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
As at 30 April 2017
Focus Payroll Limited
Statement of Financial Position
Registered Number :
05120533
£
£
2016
2017
Notes
Fixed assets
Property, plant and equipment
195
453
2
195
453
Current assets
Trade and other receivables
4,116
2,524
3
217
Cash and cash equivalents
117
2,641
4,333
Trade and other payables: amounts falling due within one
year
(4,219)
(2,616)
4
114
25
Net current assets
Total assets less current liabilities
220
567
(91)
(91)
Provisions for liabilities
129
Net assets
476
Capital and reserves
Called up share capital
1
1
Retained earnings
128
475
129
476
Shareholders' funds
For the year ended 30 April 2017 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2017 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Section
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.
M Maplesden Director
These financial statements were approved and authorised for issue by the Board on 31 December 2017 and were signed by:
The notes form part of these financial statements
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4
For the year ended 30 April 2017
Focus Payroll Limited
Notes to the Financial Statements
Statutory Information
Focus Payroll Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 05120533.
Registered address:
11 Alton Avenue
Kings Hill
West Malling
Kent
ME19 4AT
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover represents net invoiced sales of services excluding value added tax
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
25% Straight line
Computer Equipment
20% Straight line
Office Furniture
2. Property, plant and equipment
Total
Computer
Equipment
Office
Furniture
£
£
£
Cost or
valuation
At 01 May 2016
4,095
3,173
922
At 30 April 2017
922
3,173
4,095
Provision for depreciation and impairment
At 01 May 2016
3,642
2,821
821
Charge for year
258
224
34
At 30 April 2017
3,900
3,045
855
At 30 April 2017
Net book value
67
128
195
At 30 April 2016
101
352
453
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5
For the year ended 30 April 2017
Focus Payroll Limited
Notes to the Financial Statements Continued
3. Trade and other receivables
2016
2017
£
£
Trade debtors
-
1,591
Amounts owed by group undertakings and participating interests
1,733
2,525
Other debtors
791
-
4,116
2,524
4. Trade and other payables: amounts falling due within one year
2016
2017
£
£
Taxation and social security
1,306
2,446
Other creditors
1,310
1,773
2,616
4,219
5. Directors advances and guarantees
Included in other debtors is an amount due from the director, M Maplesden, of £681 (2016: amount due to director
£763). During the year the director withdrew £1,444. No interest has been charged on this loan.
6. Average number of persons employed
During the year the average number of employees was 2 (2016 : 2)
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