PAINLESS PRODUCTIONS LIMITED - Abbreviated accounts

Registered number

06519521

PAINLESS PRODUCTIONS LIMITED

ABBREVIATED ACCOUNTS

27 MARCH 2015

PAINLESS PRODUCTIONS LIMITED

ABBREVIATED BALANCE SHEET

as at 27 March 2015
Company Registration No.		06519521


Notes				2015			2014
£					£
Fixed assets
Tangible assets		2		1,905			1,591

Current assets
Debtors			630			13,933
Cash at bank and in hand			25,569			6,051
			26,199			19,984

Creditors: amounts falling due within one year			(13,877)			(13,910)

Net current assets				12,322			6,074

Net assets				14,227			7,665

Capital and reserves
Called up share capital		3		100			100
Profit and loss account				14,127			7,565

Shareholder's funds				14,227			7,665

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.

Director's responsibilities:
-	The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-	The director acknowledges his responsibilities for complying with the requirements of the act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime within Part 15 of the Companies Act 2006 and with the Financial Reporting Standard for Smaller Entities (effective April 2008).


Approved by the board on 26 June 2015



………………………………………
Stephen Pain
Director

PAINLESS PRODUCTIONS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 27 MARCH 2015


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).


	Turnover
	Turnover represents the 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 fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:

	Fixtures, fittings and equipment			20% straight line

	Deferred taxation
	Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.


2	Tangible fixed assets					£

	Cost
	At 28 March 2014					2,758
	Additions					790
	At 27 March 2015					3,548

	Depreciation
	At 28 March 2014					1,167
	Charge for the year					476
	At 27 March 2015					1,643

	Net book value
	At 27 March 2015					1,905
	At 27 March 2014					1,591


3	Share capital	Nominal		2015		2015		2014
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		100		100		100