Company Registration No. 05120533 (England and Wales)
FOCUS PAYROLL LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2014
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 2014
30 April 2014
- 1 -
2014
2013
Notes
£
£
£
£
Fixed assets
Tangible assets
2
810
829
Current assets
Debtors
6,736
7,001
Cash at bank and in hand
461
1,683
7,197
8,684
Creditors: amounts falling due within one year
(5,798)
(7,982)
Net current assets
1,399
702
Total assets less current liabilities
2,209
1,531
Provisions for liabilities
(162)
(166)
2,047
1,365
Capital and reserves
Called up share capital
3
1
1
Profit and loss account
2,046
1,364
Shareholders' funds
2,047
1,365
For the financial year ended 30 April 2014 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 26 January 2015
M Maplesden
Director
Company Registration No. 05120533
FOCUS PAYROLL LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 APRIL 2014
- 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 2013
3,032
Additions
541
At 30 April 2014
3,573
Depreciation
At 1 May 2013
2,202
Charge for the year
561
At 30 April 2014
2,763
Net book value
At 30 April 2014
810
At 30 April 2013
829
FOCUS PAYROLL LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2014
- 3 -
3
Share capital
2014
2013
£
£
Allotted, called up and fully paid
1 Ordinary share of £1 each
1
1
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