Accounts filed on 31-03-2015


Registered number: 06059831






Peter Lloyd Decorators Limited


ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015
























Prepared By:
Pritchard & Co
Chartered Certified Accountants
Ffynnonddofn
74 High Street
Fishguard
Pembrokeshire
SA65 9AU


Peter Lloyd Decorators Limited


ABBREVIATED ACCOUNTS


FOR THE YEAR ENDED 31 March 2015

















INDEX TO THE ACCOUNTS




Abbreviated Balance Sheet		2

Notes to the Abbreviated Accounts		3



The company's registered number is 06059831


Registered Number: 06059831

BALANCE SHEET AT 31 MARCH 2015

			2015		2014
	Notes		£		£

FIXED ASSETS
Tangible assets	2		2,841		3,342

CURRENT ASSETS
Debtors (amounts falling due within one year)	3	7,808		1,659
Cash at bank and in hand		88,900		71,505
		96,708		73,164
CREDITORS: Amounts falling due within one year		38,270		8,810
NET CURRENT ASSETS			58,438		64,354
TOTAL ASSETS LESS CURRENT LIABILITIES			61,279		67,696


PROVISIONS FOR LIABILITIES			568		668

NET ASSETS			60,711		67,028

CAPITAL AND RESERVES

Called up share capital	4		10		10
Profit and loss account			60,701		67,018
SHAREHOLDERS' FUNDS			60,711		67,028

For the year ending 31 March 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 6 July 2015 and signed on their behalf by




Mr.P.Lloyd
Director

1. ACCOUNTING POLICIES




1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).




1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and Machinery		reducing balance 15%




1c. Taxation
Corporation tax payable is provided on taxable profits at the current rates.
Provision is made for deferred taxation in so far as a liability or asset has arisen as a result of transactions that had occurred by the balance sheet date and have given rise to an obligation to pay more tax in the future, or the right to pay less tax in the future. An asset has not been recognised to the extent that the transfer of economic benefits in the future is uncertain. Deferred tax assets and liabilities recognised have not been discounted.




1d. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.




3. DEBTORS	2015	2014
	£	£

Amounts falling due within one year:
Trade debtors	3,196	62
Other debtors	4,612	1,597
	7,808	1,659




4. SHARE CAPITAL	2015	2014
	£	£
Allotted, issued and fully paid:
10 Ordinary shares of £1.00 each	10	10
	10	10




5. TURNOVER

The turnover and pre-tax result is attributable to painters and decorators.

	2015	2014
	£	£
Work done	65,462	68,919
	65,462	68,919




6. TRANSACTIONS WITH DIRECTORS
The company has borrowed money from its directors. The amount outstanding at the year end was £31,008. (2014 - £3,277).




7. CONTROLLING PARTY
The company is controlled by Mr P Lloyd by virtue of his holding 90% of the issued share capital.