Abbreviated Company Accounts - POLO RELATIONS LIMITED

POLO RELATIONS LIMITED - Company Information

Registered Number 04191382

POLO RELATIONS LIMITED

Abbreviated Accounts

31 March 2014

POLO RELATIONS LIMITED Registered Number 04191382

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Called up share capital not paid		10	10
Fixed assets
Tangible assets	2	6,015	7,076
		6,015	7,076
Current assets
Cash at bank and in hand		-	-
		-	-
Creditors: amounts falling due within one year	3	(9,781)	(9,643)
Net current assets (liabilities)		(9,781)	(9,643)
Total assets less current liabilities		(3,756)	(2,557)
Creditors: amounts falling due after more than one year	3	(7,552)	(13,099)
Total net assets (liabilities)		(11,308)	(15,656)
Capital and reserves
Called up share capital		10	10
Profit and loss account		(11,318)	(15,666)
Shareholders' funds		(11,308)	(15,656)

For the year ending 31 March 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 13 April 2015

And signed on their behalf by:
John Moreland-Lynn, Director

POLO RELATIONS LIMITED Registered Number 04191382

Notes to the Abbreviated Accounts for the period ended 31 March 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 is the total amount receivable by the Company in the ordinary course of business for goods supplied or services rendered.

Tangible assets depreciation policy
Depreciation is calculated on the reducing balance method and aims to write down the cost of fixed assets over their expected useful lives, to their estimated residual value.

The rate applicable is:-

Motor Vehicles 15% per annum

Intangible assets amortisation policy
n/a

Valuation information and policy
n/a

2Tangible fixed assets

	£
Cost
At 1 April 2013	32,587
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	32,587
Depreciation
At 1 April 2013	25,511
Charge for the year	1,061
On disposals	-
At 31 March 2014	26,572
Net book values
At 31 March 2014	6,015
At 31 March 2013	7,076

3Creditors

	2014 £	2013 £
Non-instalment debts due after 5 years	7,541	13,090