Company Registration No. 04175860 (England and Wales)
PAUL A YOUNG FINE CHOCOLATES LIMITED
ABBREVIATED ACCOUNTS
FOR THE PERIOD ENDED 31 MARCH 2014
PAUL A YOUNG FINE CHOCOLATES LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
PAUL A YOUNG FINE CHOCOLATES LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2014
31 March 2014
- 1 -
2014
2013
Notes
£
£
£
£
Fixed assets
Tangible assets
2
83,225
105,235
Current assets
Stocks
25,000
25,065
Debtors
108,509
183,925
Cash at bank and in hand
362,303
101,639
495,812
310,629
Creditors: amounts falling due within one year
(329,738)
(300,432)
Net current assets
166,074
10,197
Total assets less current liabilities
249,299
115,432
Capital and reserves
Called up share capital
3
2
2
Profit and loss account
249,297
115,430
Shareholders' funds
249,299
115,432
For the financial period ended 31 March 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 8 July 2015
Mr James Cronin
Director
Company Registration No. 04175860
PAUL A YOUNG FINE CHOCOLATES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE PERIOD ENDED 31 MARCH 2014
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.3
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Land and buildings Leasehold
Computer equipment
33.33% Straight Line
Fixtures, fittings & equipment
20% Straight Line
1.4
Stock
Stock is valued at the lower of cost and net realisable value.
2
Fixed assets
Tangible assets
£
Cost
At 1 April 2013
227,516
Additions
8,873
At 31 March 2014
236,389
Depreciation
At 1 April 2013
122,281
Charge for the period
30,883
At 31 March 2014
153,164
Net book value
At 31 March 2014
83,225
At 31 March 2013
105,235
3
Share capital
2014
2013
£
£
Allotted, called up and fully paid
2 Ordinary Shares of £1 each
2
2
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