Abbreviated Company Accounts - PUFFIN HOMES LIMITED

PUFFIN HOMES LIMITED - Company Information

SC399125 PUFFIN HOMES LIMITED 2014-05-31 false 2013-06-01 2014-05-31 true SC399125 2013-06-01 2014-05-31 SC399125 2014-05-31 SC399125 2013-05-31 SC399125 uk-gaap-cd-bus:Director1 2013-06-01 2014-05-31 SC399125 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 SC399125

PUFFIN HOMES LIMITED

Abbreviated Accounts

31 May 2014

PUFFIN HOMES LIMITED Registered Number SC399125

Abbreviated Balance Sheet as at 31 May 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	485	647
		485	647
Current assets
Stocks		124,735	113,829
Debtors		723	669
Cash at bank and in hand		489	1,260
		125,947	115,758
Creditors: amounts falling due within one year		(135,181)	(121,609)
Net current assets (liabilities)		(9,234)	(5,851)
Total assets less current liabilities		(8,749)	(5,204)
Total net assets (liabilities)		(8,749)	(5,204)
Capital and reserves
Called up share capital	3	1,000	1,000
Profit and loss account		(9,749)	(6,204)
Shareholders' funds		(8,749)	(5,204)

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 27 February 2015

And signed on their behalf by:
Mrs Julie Fraser, Director

PUFFIN HOMES LIMITED Registered Number SC399125

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
Turnover represents the amounts (excluding value added tax) derived from the provision of goods and services to customers during the year, all within the UK.

Tangible assets depreciation policy
Depreciation is provided by the company to write off the cost or valuation less the estimated residual value of its tangible fixed assets over their useful economic lives as follows:

Plant & Machinery - 25% reducing balance

Other accounting policies
Stocks
Stocks are stated at the lower of cost and net realisable value. In determining the cost of raw materials, consumables and goods purchased for resale, the weighted average purchase price is used. For work in progress and finished goods manufactured by the company, cost is taken as production cost, which includes an appropriate proportion of attributable overheads.

Going Concern
The directors have indicated that they intend to continue supporting the company with loans
as required.

2Tangible fixed assets

	£
Cost
At 1 June 2013	1,150
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2014	1,150
Depreciation
At 1 June 2013	503
Charge for the year	162
On disposals	-
At 31 May 2014	665
Net book values
At 31 May 2014	485
At 31 May 2013	647

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

	2014 £	2013 £
1,000 Ordinary shares of £1 each	1,000	1,000