Abbreviated Company Accounts - WARREN PAYNE AND COMPANY LIMITED

WARREN PAYNE AND COMPANY LIMITED - Company Information

01898208 WARREN PAYNE AND COMPANY LIMITED 2014-05-31 false 2013-06-01 2014-05-31 true 01898208 2013-06-01 2014-05-31 01898208 2014-05-31 01898208 2013-05-31 01898208 uk-gaap-cd-bus:Director1 2013-06-01 2014-05-31 01898208 uk-gaap-cd-bus:Director2 2013-06-01 2014-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-06-01 2014-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-05-31 iso4217:GBP shares

Registered Number 01898208

WARREN PAYNE AND COMPANY LIMITED

Abbreviated Accounts

31 May 2014

WARREN PAYNE AND COMPANY LIMITED Registered Number 01898208

Abbreviated Balance Sheet as at 31 May 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	202,988	202,988
		202,988	202,988
Current assets
Cash at bank and in hand		18,250	20,009
		18,250	20,009
Creditors: amounts falling due within one year		(31,088)	(32,867)
Net current assets (liabilities)		(12,838)	(12,858)
Total assets less current liabilities		190,150	190,130
Total net assets (liabilities)		190,150	190,130
Capital and reserves
Called up share capital	3	5,000	5,000
Profit and loss account		185,150	185,130
Shareholders' funds		190,150	190,130

For the year ending 31 May 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 9 February 2015

And signed on their behalf by:
JANICE COLLEY, Director

WARREN PAYNE AND COMPANY LIMITED Registered Number 01898208

Notes to the Abbreviated Accounts for the period ended 31 May 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
The turnover shown in the profit and loss account represents amounts invoiced during the year.

Tangible assets depreciation policy
Fixed assets

All fixed assets are initially recorded at cost.

Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Fixtures & Fittings - Nil

Other accounting policies
Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

2Tangible fixed assets

	£
Cost
At 1 June 2013	210,574
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2014	210,574
Depreciation
At 1 June 2013	7,586
Charge for the year	-
On disposals	-
At 31 May 2014	7,586
Net book values
At 31 May 2014	202,988
At 31 May 2013	202,988

Fixed assets

All fixed assets are initially recorded at cost.

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

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