Paine Batchelor Limited - Limited company - abbreviated - 11.0.0

Paine Batchelor Limited - Limited company - abbreviated - 11.0.0

PAINE BATCHELOR LIMITED - Company Information

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REGISTERED NUMBER: 08398267 (England and Wales)















Abbreviated Unaudited Accounts

for the period

11th February 2013 to 28th February 2014

for

PAINE BATCHELOR LIMITED

PAINE BATCHELOR LIMITED (REGISTERED NUMBER: 08398267)

Contents of the Abbreviated Accounts
for the period 11th February 2013 to 28th February 2014










Page

Company Information 1

Chartered Accountants' Report 2

Abbreviated Balance Sheet 3

Notes to the Abbreviated Accounts 5

PAINE BATCHELOR LIMITED

Company Information
for the period 11th February 2013 to 28th February 2014







DIRECTOR: Ms L Pymer





REGISTERED OFFICE: Monometer House
Rectory Grove
Leigh on Sea
Essex
SS9 2HN





REGISTERED NUMBER: 08398267 (England and Wales)





ACCOUNTANTS: Barrons
Chartered Accountants
Monometer House
Rectory Grove
Leigh on Sea
Essex
SS9 2HN
Page 1
Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Paine Batchelor Limited (Registered number: 08398267)


The following reproduces the text of the report prepared for the director in respect of the company's annual
unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages three to six)
have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements of Paine Batchelor Limited for the period ended 28th February 2014 which comprise the Profit and
Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and
explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject
to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the director of Paine Batchelor Limited in accordance with our terms of engagement. Our
work has been undertaken solely to prepare for your approval the financial statements of Paine Batchelor Limited and
state those matters that we have agreed to state to the director of Paine Batchelor Limited in this report in accordance
with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume
responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Paine Batchelor Limited has kept adequate accounting records and to prepare statutory
financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Paine Batchelor
Limited. You consider that Paine Batchelor Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Paine Batchelor Limited. For
this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations
you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Barrons
Chartered Accountants
Monometer House
Rectory Grove
Leigh on Sea
Essex
SS9 2HN


14th August 2014

This page does not form part of the abbreviated accounts

Page 2
PAINE BATCHELOR LIMITED (REGISTERED NUMBER: 08398267)

Abbreviated Balance Sheet
28th February 2014

Notes £    £   
FIXED ASSETS
Intangible assets 2 950
Tangible assets 3 5,841
6,791

CURRENT ASSETS
Stocks 833
Debtors 1,969
Cash at bank and in hand 19,980
22,782
CREDITORS
Amounts falling due within one year 28,205
NET CURRENT LIABILITIES (5,423 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,368

PROVISIONS FOR LIABILITIES 1,168
NET ASSETS 200

CAPITAL AND RESERVES
Called up share capital 4 200
SHAREHOLDERS' FUNDS 200

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28th February 2014.

The members have not required the company to obtain an audit of its financial statements for the period ended 28th February 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps 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 Sections
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.

The notes form part of these abbreviated accounts

Page 3 continued...
PAINE BATCHELOR LIMITED (REGISTERED NUMBER: 08398267)

Abbreviated Balance Sheet - continued
28th February 2014


The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the director on 14th August 2014 and were signed by:





Ms L Pymer - Director


The notes form part of these abbreviated accounts

Page 4
PAINE BATCHELOR LIMITED (REGISTERED NUMBER: 08398267)

Notes to the Abbreviated Accounts
for the period 11th February 2013 to 28th February 2014


1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the
Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover
Turnover represents net sales of goods and services for the period, excluding value added tax

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc - 20% straight line

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
Additions 1,000
At 28th February 2014 1,000
AMORTISATION
Amortisation for period 50
At 28th February 2014 50
NET BOOK VALUE

At 28th February 2014 950

Page 5 continued...
PAINE BATCHELOR LIMITED (REGISTERED NUMBER: 08398267)

Notes to the Abbreviated Accounts - continued
for the period 11th February 2013 to 28th February 2014


3. TANGIBLE FIXED ASSETS
Total
£   
COST
Additions 7,301
At 28th February 2014 7,301
DEPRECIATION
Charge for period 1,460
At 28th February 2014 1,460
NET BOOK VALUE
At 28th February 2014 5,841

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
100 Ordinary A £1 100
100 Ordinary B £1 100
200

The following shares were allotted and fully paid for cash at par during the period:

100 Ordinary A shares of £1 each
100 Ordinary B shares of £1 each

5. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 28th February 2014:

£   
Ms L Pymer
Balance outstanding at start of period -
Amounts advanced 113
Amounts repaid -
Balance outstanding at end of period 113

The overdrawn balance of £113 was repaid within 9 months of the year end.

Page 6