Company Registration No. 10137433 (England and Wales)
Picassi Limited
Unaudited accounts
for the year ended 30 April 2019
Picassi Limited
Unaudited accounts
Contents
Picassi Limited
Company Information
for the year ended 30 April 2019
Company Number
10137433 (England and Wales)
Registered Office
140 Allison Road
London
N8 0AS
Accountants
Fraser + Accountants
3 Barossa Place
Perth
Perthshire
PH1 5HG
Picassi Limited
Statement of financial position
as at
30 April 2019
Cash at bank and in hand
179
9,971
Creditors: amounts falling due within one year
440
(1,138)
Net current assets
619
8,833
Called up share capital
1,000
1,000
Profit and loss account
159
7,833
Shareholders' funds
1,159
8,833
For the year ending 30 April 2019 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 6 January 2020.
Mark Somerfield
Director
Company Registration No. 10137433
Picassi Limited
Notes to the Accounts
for the year ended 30 April 2019
Picassi Limited is a private company, limited by shares, registered in England and Wales, registration number 10137433. The registered office is 140 Allison Road , London , N8 0AS.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33% straight-line
4
Tangible fixed assets
Computer equipment
Cost or valuation
At cost
5
Creditors: amounts falling due within one year
2019
2018
Taxes and social security
2,530
10,938
Loans from directors
(3,330)
(11,000)
Picassi Limited
Notes to the Accounts
for the year ended 30 April 2019
6
Average number of employees
During the year the average number of employees was 0 (2018: 0).