PAS (WALES) LIMITED Accounts filed on 31-03-2015

PAS (WALES) LIMITED Accounts filed on 31-03-2015

PAS (WALES) LIMITED - Company Information

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PAS (WALES) LIMITED




Company Registration Number:
04863001 (England and Wales)



Report of the Directors and Unaudited Financial Statements



Period of accounts


Start date: 01st April 2014

End date: 31st March 2015

SUBMITTED

PAS (WALES) LIMITED

Company Information
for the Period Ended 31st March 2015




Director: G B Lloyd
Company secretary: J D Lloyd
Registered office: 1 Coed Gelli Parc
Cwmgelli
Blackwood
Gwent
NP12 1GS
Company Registration Number: 04863001 (England and Wales)

PAS (WALES) LIMITED

Directors' Report Period Ended 31st March 2015

The directors present their report with the financial statements of the company for the period ended 31st March 2015

Principal activities
The principal activity of the company in the period under review was:
the provision of accountancy services

Directors
The directors shown below have held office during the whole of the period from
01st April 2014 to 31st March 2015
G B Lloyd

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on 13 April 2015
And Signed On Behalf Of The Board By:

Name: G B Lloyd
Status: Director

PAS (WALES) LIMITED

Profit and Loss Account

for the Period Ended 31st March 2015

Notes 2015
£		 2014
£
Turnover: 36,869 44,692
Cost of sales: 424 91
Gross profit or (loss): 36,445 44,601
Administrative expenses: , 12,091 11,620
Operating profit or (loss): 24,354 32,981
Interest receivable and similar income: 116 172
Profit or (loss) on ordinary activities before taxation: 24,470 33,153
Tax on profit or (loss) on ordinary activities: 4,723 6,638
Profit or (loss) for the financial year: 19,747 26,515

The notes form part of these financial statements

PAS (WALES) LIMITED

Statement of total recognised gains and losses
31st March 2015

Statement of total recognised gains and losses

The company does not have any gains and losses other than Profit and Loss for the period to report.

The notes form part of these financial statements

PAS (WALES) LIMITED

Balance sheet
As at 31st March 2015

Notes 2015
£		 2014
£
Fixed assets
Tangible assets: 2 919 65
Total fixed assets: 919 65
Current assets
Debtors: 3 1,505 3,700
Cash at bank and in hand: 23,449 33,289
Total current assets: 24,954 36,989
Creditors: amounts falling due within one year 4 5,144 7,572
Net current assets (liabilities): 19,810 29,417
Total assets less current liabilities: 20,729 29,482
Total net assets (liabilities): 20,729 29,482

The notes form part of these financial statements

PAS (WALES) LIMITED

Balance sheet
As at 31st March 2015
continued

Notes 2015
£		 2014
£
Capital and reserves
Called up share capital: 5 100 100
Profit and Loss account: 6 20,629 29,382
Total shareholders funds: 20,729 29,482

For the year ending 31 March 2015 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

The financial statements were approved by the Board of Directors on 13 April 2015

SIGNED ON BEHALF OF THE BOARD BY:

Name: G B Lloyd
Status: Director

The notes form part of these financial statements

PAS (WALES) LIMITED

Notes to the Financial Statements
for the Period Ended 31st March 2015

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    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 policy

    Turnover represents net invoicing of fees, excluding value added tax.

    Tangible fixed assets depreciation policy

    Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Fixtures & fittings - 20% on straight line basis.

PAS (WALES) LIMITED

Notes to the Financial Statements
for the Period Ended 31st March 2015

  • 2. Tangible assets

    Land and buildings Plant Machinery Fixtures and fittings Office Equipment Motor vehicles Total
    Cost £ £ £ £ £ £
    At 01st April 2014: - - 1,271 - - 1,271
    Additions: - - 1,100 - - 1,100
    Disposals: - - 329 - - 329
    At 31st March 2015: - - 2,042 - - 2,042
    Depreciation
    At 01st April 2014: - - 1,206 - - 1,206
    Charge for year: - - 246 - - 246
    On disposals: - - 329 - - 329
    At 31st March 2015: - - 1,123 - - 1,123
    Net book value
    At 31st March 2015: - - 919 - - 919
    At 31st March 2014: - - 65 - - 65

PAS (WALES) LIMITED

Notes to the Financial Statements
for the Period Ended 31st March 2015

  • 3. Debtors

    2015 2014
    £ £
    Trade debtors: 1,505 3,700
    Total: 1,505 3,700

PAS (WALES) LIMITED

Notes to the Financial Statements
for the Period Ended 31st March 2015

  • 4. Creditors: amounts falling due within one year

    2015 2014
    £ £
    Taxation and social security: 4,723 6,638
    Other creditors: 421 934
    Total: 5,144 7,572

PAS (WALES) LIMITED

Notes to the Financial Statements
for the Period Ended 31st March 2015

  • 5. Called up share capital

    Allotted, called up and paid

    Previous period 2014
    Class Number of shares Nominal value per share Total
    Ordinary shares: 100 1.00
    1.00
    		100
    Total share capital: 100
    Current period 2015
    Class Number of shares Nominal value per share Total
    Ordinary shares: 100 1.00
    1.00
    		100
    Total share capital: 100

PAS (WALES) LIMITED

Notes to the Financial Statements
for the Period Ended 31st March 2015

  • 6. Profit and loss account

    2015 2014
    £ £
    Opening balance: 29,382 18,367
    Profit or (loss) for the period: 19,747 26,515
    Equity dividends paid: 28,500 15,500
    Retained profit: 20,629 29,382