Priory Translations Limited - Limited company - abbreviated

REGISTERED NUMBER: 03760656 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2015

FOR

PRIORY TRANSLATIONS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

J C McGilley

SECRETARY:

Mrs B Astell

REGISTERED OFFICE:

The Lodge

Beacon End Farmhouse

London Road, Stanway

Colchester

Essex

CO3 0NQ

REGISTERED NUMBER:

03760656 (England and Wales)

ACCOUNTANTS:

Richard Edwards Group LLP

Chartered Certified Accountants

The Maltings

Rosemary Lane

Halstead

Essex

CO9 1HZ

FIXED ASSETS

Tangible assets

2

5,605

3,440

CURRENT ASSETS

Stocks

500

Debtors

48,934

57,637

Cash at bank

76,679

69,465

126,113

127,602

CREDITORS

Amounts falling due within one year

37,798

34,995

NET CURRENT ASSETS

88,315

92,607

TOTAL ASSETS LESS CURRENT LIABILITIES

93,920

96,047

PROVISIONS FOR LIABILITIES

1,121

688

NET ASSETS

92,799

95,359

CAPITAL AND RESERVES

Called up share capital

3

10,000

Profit and loss account

82,799

85,359

SHAREHOLDERS' FUNDS

92,799

95,359

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2015 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 30 June 2015 and were signed by:

J C McGilley - 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).

Turnover

The company's turnover represents the value, excluding value added tax, of goods and services supplied to

customers during the year.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

Deferred tax

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

balance sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's

pension scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2014

17,983

Additions

3,122

At 30 April 2015

21,105

DEPRECIATION

At 1 May 2014

14,543

Charge for year

957

At 30 April 2015

15,500

NET BOOK VALUE

At 30 April 2015

5,605

At 30 April 2014

3,440

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

9,500

Ordinary "A"

£1

9,500

500

Ordinary "B"

£1

500

10,000

Priory Translations Limited - Limited company - abbreviated - 11.6

Priory Translations Limited - Limited company - abbreviated - 11.6