Abbreviated Company Accounts - PIRATE LTD

Registered Number 08724985

PIRATE LTD

Abbreviated Accounts

31 October 2014

PIRATE LTD Registered Number 08724985

Abbreviated Balance Sheet as at 31 October 2014

	Notes	2014
		£
Fixed assets
Tangible assets	2	1,256
		1,256
Current assets
Debtors		4,106
Cash at bank and in hand		1,138
		5,244
Creditors: amounts falling due within one year		(5,228)
Net current assets (liabilities)		16
Total assets less current liabilities		1,272
Total net assets (liabilities)		1,272
Capital and reserves
Called up share capital		1
Profit and loss account		1,271
Shareholders' funds		1,272

For the year ending 31 October 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:
Joanna Wheeler-Worthington, Director

PIRATE LTD Registered Number 08724985

Notes to the Abbreviated Accounts for the period ended 31 October 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of certain fixed assets, and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover policy
Turnover represents value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Motor vehicles 25% straight line
Equipment, fixtures and fittings 25% straight line

2Tangible fixed assets

	£
Cost
Additions	1,635
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2014	1,635
Depreciation
Charge for the year	379
On disposals	-
At 31 October 2014	379
Net book values
At 31 October 2014	1,256