Paul Bainbridge Design Ltd. Accounts
Paul Bainbridge Design Ltd. Accounts
Paul Bainbridge Design Ltd. ABBREVIATED ACCOUNTS COVER |
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Company No. |
Paul Bainbridge Design Ltd. ABBREVIATED BALANCE SHEET |
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at | |||||||
Notes | 2015 | ||||||
£ | |||||||
Fixed assets | |||||||
Tangible assets | 2 | ||||||
Current assets | |||||||
Cash at bank and in hand | |||||||
Creditors: Amounts falling due within one year | ( | ||||||
Net current liabilities | ( | ||||||
Total assets less current liabilities | |||||||
Net assets | |||||||
Capital and reserves | |||||||
Called up share capital | 3 | ||||||
Profit and loss account | |||||||
Shareholder's funds | |||||||
Approved by the board on 13 May 2015 | |||||||
And signed on its behalf by: | |||||||
P. Bainbridge | |||||||
Director | |||||||
13 May 2015 |
Paul Bainbridge Design Ltd. NOTES TO THE ABBREVIATED ACCOUNTS |
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for the year ended 31 January 2015 | ||||
1 | Accounting policies | |||
Basis of preparation | ||||||||||||
Turnover | ||||||||||||
Tangible fixed assets and depreciation | ||||||||||||
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life: | ||||||||||||
Furniture, fittings and equipment | ||||||||||||
Freehold investment property | ||||||||||||
This treatment conflicts with the requirements of the Companies Act 2006 that all properties should be depreciated. The directors consider that, because these properties are not held for consumption, but for their investment potential it is necessary to adopt the requirements of the FRSSE in order to give a true and fair view. | ||||||||||||
Intangible fixed assets and amortisation | ||||||||||||
Stocks | ||||||||||||
Deferred taxation | ||||||||||||
Deferred tax is provided in full on timing differences which result in an obligation to pay more (or a right to pay less) tax at a future date, at the tax rates that are expected to apply when the timing differences reverse, based upon current tax rates and laws. Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset. Deferred tax assets are recognised to the extent that it is regarded as more likely than not that they will be recovered. Deferred tax assets and liabilities are not discounted. | ||||||||||||
Research and development | ||||||||||||
Foreign currencies | ||||||||||||
Transactions in foreign currencies are recorded in sterling using the exchange rate ruling at the date of the transaction. Exchange differences are are taken into account in arriving at the operating profit. | ||||||||||||
Leased assets | ||||||||||||
Pension costs | ||||||||||||
2 | Fixed assets | |||||||||||
Tangible fixed assets | Total | |||||||||||
£ | £ | |||||||||||
Cost or revaluation | ||||||||||||
Additions | 3,084 | |||||||||||
At 31 January 2015 | 3,084 | |||||||||||
Amortisation | ||||||||||||
Charge for the year | 1,028 | |||||||||||
At 31 January 2015 | 1,028 | |||||||||||
Net book values | ||||||||||||
At 31 January 2015 | 2,056 | |||||||||||
3 | Share Capital | |||||||||||
Nominal value | 2015 | 2015 | ||||||||||
£ | Number | £ | ||||||||||
Allotted, called up and fully paid: | ||||||||||||
1 | ||||||||||||
Nominal value | 2015 | 2015 | ||||||||||
£ | Number | £ | ||||||||||
Shares issued during the period: | ||||||||||||
- | ||||||||||||
1 | ||||||||||||
Included within Other debtors are the following loans to directors: | ||||||||||||
Director | Description | At 1 February 2014 | Advanced | Repaid | At 31 January 2015 | |||||||
£ | £ | £ | £ | |||||||||
- | - | |||||||||||
- | - | |||||||||||