PARTSCALE_LTD - Accounts
PARTSCALE_LTD - Accounts
Company Registration No. 02470856 (England and Wales)
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2015
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
Current assets
Stocks
Debtors
Cash at bank and in hand
Creditors: amounts falling due within one year
(73,797 )
(77,156 )
Net current assets
Total assets less current liabilities
Provisions for liabilities
(807 )
(165 )
123,803
126,314
Capital and reserves
Called up share capital
3
Profit and loss account
Shareholders' funds
Directors' responsibilities:
-
-
Approved by the Board for issue on 30 April 2015
Director
Company Registration No. 02470856
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The company has taken advantage of the exemption in Financial Reporting Standard No 1 from the requirement to produce a cash flow statement on the grounds that it is a small company.
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently.
1.3
Turnover
1.4
Tangible fixed assets and depreciation
Land and buildings Freehold
Plant and machinery
Computer equipment
Fixtures, fittings & equipment
Motor vehicles
1.5
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2015
- 3 -
2
Fixed assets
Tangible assets
£
Cost
At 1 April 2014
251,992
Additions
6,041
At 31 March 2015
258,033
Depreciation
At 1 April 2014
213,347
Charge for the year
6,164
At 31 March 2015
219,511
Net book value
At 31 March 2015
38,522
At 31 March 2014
38,646
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
4
Related party relationships and transactions
Transactions with Directors
The Directors have received dividends of £46,080 during the year.