Abbreviated Company Accounts - PARADISE COMPUTING LIMITED

PARADISE COMPUTING LIMITED - Company Information

02150138 PARADISE COMPUTING LIMITED 2015-05-31 false 2014-06-01 2015-05-31 true 02150138 2014-06-01 2015-05-31 02150138 2015-05-31 02150138 2014-05-31 02150138 uk-gaap-cd-bus:Director1 2014-06-01 2015-05-31 02150138 uk-gaap-cd-bus:Director2 2014-06-01 2015-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-06-01 2015-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-05-31 iso4217:GBP shares

Registered Number 02150138

PARADISE COMPUTING LIMITED

Abbreviated Accounts

31 May 2015

PARADISE COMPUTING LIMITED Registered Number 02150138

Abbreviated Balance Sheet as at 31 May 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	13,968	10,253
		13,968	10,253
Current assets
Stocks		5,600	5,600
Debtors		272,871	261,379
Cash at bank and in hand		121,262	112,164
		399,733	379,143
Net current assets (liabilities)		399,733	379,143
Total assets less current liabilities		413,701	389,396
Creditors: amounts falling due after more than one year		(188,507)	(169,775)
Total net assets (liabilities)		225,194	219,621
Capital and reserves
Called up share capital	3	68,332	68,332
Share premium account		112,720	112,720
Profit and loss account		44,142	38,569
Shareholders' funds		225,194	219,621

For the year ending 31 May 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 14 July 2015

And signed on their behalf by:
J J BERG, Director

PARADISE COMPUTING LIMITED Registered Number 02150138

Notes to the Abbreviated Accounts for the period ended 31 May 2015

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
Turnover comprises the value of sales excluding value added tax and trade discounts

Tangible assets depreciation policy
Depreciation is calculated to write down the cost less estimated residual value of all tangible fixed assets by equal annual instalments over their expected useful economic lives.

The rates generally applicable are:
Computer equipment : 25% per annum
Motor vehicles : 20% per annum
Furniture and equipment : 25% per annum

2Tangible fixed assets

	£
Cost
At 1 June 2014	324,564
Additions	8,642
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2015	333,206
Depreciation
At 1 June 2014	314,311
Charge for the year	4,927
On disposals	-
At 31 May 2015	319,238
Net book values
At 31 May 2015	13,968
At 31 May 2014	10,253

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
68,332 Ordinary shares of £1 each	68,332	68,332