Patrona Luggage Limited - Limited company - abbreviated - 11.0.0
Patrona Luggage Limited - Limited company - abbreviated - 11.0.0
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts for the Year Ended 30 June 2014 |
| for |
| Patrona Luggage Limited |
| Patrona Luggage Limited (Registered number: 07295259) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 30 June 2014 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| Patrona Luggage Limited |
| Company Information |
| for the Year Ended 30 June 2014 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Patrona Luggage Limited (Registered number: 07295259) |
| Abbreviated Balance Sheet |
| 30 June 2014 |
| 30.6.14 | 30.6.13 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
3 |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 4 |
| Share premium |
| Profit and loss account | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| The directors acknowledge their 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. |
| Patrona Luggage Limited (Registered number: 07295259) |
| Abbreviated Balance Sheet - continued |
| 30 June 2014 |
| The financial statements were approved by the Board of Directors on |
| Patrona Luggage Limited (Registered number: 07295259) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 30 June 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 invoiced sales of goods, excluding value added tax. |
| Tangible fixed assets |
| Plant and machinery etc | - |
| 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. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the |
| period of the lease. |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 July 2013 |
| Additions |
| At 30 June 2014 |
| DEPRECIATION |
| At 1 July 2013 |
| Charge for year |
| At 30 June 2014 |
| NET BOOK VALUE |
| At 30 June 2014 |
| At 30 June 2013 |
| 3. | CREDITORS |
| Creditors include the following debts falling due in more than five years: |
| 30.6.14 | 30.6.13 |
| £ | £ |
| Repayable otherwise than by instalments | - | 70,000 |
| Patrona Luggage Limited (Registered number: 07295259) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 30 June 2014 |
| 4. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 30.6.14 | 30.6.13 |
| value: | £ | £ |
| Ordinary A | £1 |
| Ordinary B | £1 |
| 1,607 | 1,525 |
| The following fully paid shares were allotted during the year at a premium as shown below: |
| 5. | RELATED PARTY DISCLOSURES |
| The following is a summary of the directors' transaction with the company during the year. |
| Andrew Brundan: |
| Balance b/f £4,481.16 |
| Drawings: £27,017.52 |
| Balance due to the company as at a 30/06/2014: £31,498.68 |
| As at the balance sheet date within current debtors is a loan balance of £31,498.68 due from the director, Andrew |
| Brundan. This is a short term loan with interest payable at floating rate following the HMRC Beneficial interest |
| rates. It is not repayable on demand. |
| The going concern basis has been adopted despite negative reserves. The company has been funded by medium |
| term loans which are not repayable on demand therefore the Director Andrew Brundan has assessed that the |
| going concern basis is appropriate. |