Pavelka Limited - Limited company accounts 11.7

REGISTERED NUMBER: 08730839 (England and Wales)

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 14 OCTOBER 2013 TO 31 OCTOBER 2014

FOR

PAVELKA LIMITED

Page

Company Information

1

Report of the Directors

2

Profit and Loss Account

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTORS:

J Pavelka

Mrs J C Tipping

REGISTERED OFFICE:

29 St Andrews Gardens

Shepherdswell

DOVER

Kent

CT15 7LP

REGISTERED NUMBER:

08730839 (England and Wales)

ACCOUNTANTS:

McCabe Ford Williams

Chartered Accountants

Charlton House

Dour Street

DOVER

Kent

CT16 1BL

The directors present their report with the financial statements of the company for the period 14 October 2013 to 31 October 2014.

INCORPORATION

The company was incorporated on 14 October 2013 and commenced trading on the same date.

PRINCIPAL ACTIVITY

The principal activity of the company in the period under review was that of the promotion of health and fitness.

DIRECTORS

The directors who have held office during the period from 14 October 2013 to the date of this report are as follows:

J Pavelka - appointed 14 October 2013

Mrs J C Tipping - appointed 14 October 2013

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating

to small companies.

ON BEHALF OF THE BOARD:

Mrs J C Tipping - Director

13 July 2015

TURNOVER

107,841

Cost of sales

62,678

GROSS PROFIT

45,163

Administrative expenses

44,552

OPERATING PROFIT and

PROFIT ON ORDINARY ACTIVITIES
BEFORE TAXATION

2

611

Tax on profit on ordinary activities

3

122

PROFIT FOR THE FINANCIAL PERIOD

489

FIXED ASSETS

Tangible assets

4

1,255

CURRENT ASSETS

Stocks

500

Debtors

5

20,057

20,557

CREDITORS

Amounts falling due within one year

6

21,200

NET CURRENT LIABILITIES

(643

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

612

PROVISIONS FOR LIABILITIES

7

122

NET ASSETS

490

CAPITAL AND RESERVES

Called up share capital

8

1

Profit and loss account

9

489

SHAREHOLDERS' FUNDS

490

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 October 2014.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 October 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements were approved by the Board of Directors on 13 July 2015 and were signed on its behalf by:

Mrs J C Tipping - 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

Turnover represents net invoiced sales of goods and services excluding value added tax.

Tangible fixed assets

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

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.

2.	OPERATING PROFIT

The operating profit is stated after charging:

£

Depreciation - owned assets

233

Directors' remuneration and other benefits etc

-

3.

TAXATION

Analysis of the tax charge

The tax charge on the profit on ordinary activities for the period was as follows:

£

Deferred tax

122

Tax on profit on ordinary activities

122

4.	TANGIBLE FIXED ASSETS

Equipment

£

COST

Additions

1,488

At 31 October 2014

1,488

DEPRECIATION

Charge for period

233

At 31 October 2014

233

NET BOOK VALUE

At 31 October 2014

1,255

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

10,200

Other debtors

6,829

Prepayments

3,028

20,057

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Accruals and deferred income

21,200

7.	PROVISIONS FOR LIABILITIES

£

Deferred tax

Accelerated capital allowances

251

Covered by losses

(129

)

122

Deferred

tax

£

Provided during period

122

Balance at 31 October 2014

122

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

10,000

Ordinary

£0.0001

1

10,000 Ordinary shares of £0.0001 each were allotted and fully paid for cash at par during the period.

9.

RESERVES

Profit

and loss

account

£

Profit for the period

489

At 31 October 2014

489

10.	RELATED PARTY DISCLOSURES

Xposure Limited

A company of which Mrs J C Tipping is a director and shareholder

Management charges amounting to £32,000 were payable during the period.

At the year end a balance of £6,828 was due by Xposure Limited to the company.

Tipping Limited

A company of which Mrs J C Tipping is a director and shareholder

Management charges amounting to £20,000 were payable during the period.