Panicbarn Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 08657753 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD 20 AUGUST 2013 TO 31 AUGUST 2014

FOR

PANICBARN LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

T Constant

REGISTERED OFFICE:

Lois Farm

Horsington

Templecombe

Somerset

BA8 0EW

REGISTERED NUMBER:

08657753 (England and Wales)

ACCOUNTANTS:

Andrews and Palmer

32 The Square

Gillingham

Dorset

SP8 4AR

FIXED ASSETS

Tangible assets

2

1,533

CURRENT ASSETS

Debtors

5,000

Cash at bank

5,000

10,000

CREDITORS

Amounts falling due within one year

103,802

NET CURRENT LIABILITIES

(93,802

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(92,269

)

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

(92,369

)

SHAREHOLDERS' FUNDS

(92,269

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 August 2014.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 August 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 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 11 May 2015 and were signed by:

T Constant - Director

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).

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

-

33% on cost

Deferred tax

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

sheet date.

Grant income

Grants in respect of revenue expenditure are credited to the income and expenditure account in the same period

as the expenditure to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

2,300

At 31 August 2014

2,300

DEPRECIATION

Charge for period

767

At 31 August 2014

767

NET BOOK VALUE

At 31 August 2014

1,533

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary

£1

100

100 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.