Abbreviated Company Accounts - PANIKOS PHOTOGRAPHY LIMITED

PANIKOS PHOTOGRAPHY LIMITED - Company Information

04251928 PANIKOS PHOTOGRAPHY LIMITED 2014-06-30 false 2013-08-01 2014-06-30 true 04251928 2013-08-01 2014-06-30 04251928 2014-06-30 04251928 2013-07-31 04251928 uk-gaap-cd-bus:Director1 2013-08-01 2014-06-30 04251928 uk-gaap-cd-bus:Director2 2013-08-01 2014-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-08-01 2014-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-07-31 iso4217:GBP shares

Registered Number 04251928

PANIKOS PHOTOGRAPHY LIMITED

Abbreviated Accounts

30 June 2014

PANIKOS PHOTOGRAPHY LIMITED Registered Number 04251928

Abbreviated Balance Sheet as at 30 June 2014

	Notes	30/06/2014	31/07/2013
		£	£
Fixed assets
Tangible assets	2	14,006	14,284
		14,006	14,284
Current assets
Debtors		499	475
Cash at bank and in hand		396	431
		895	906
Creditors: amounts falling due within one year		(95,778)	(87,693)
Net current assets (liabilities)		(94,883)	(86,787)
Total assets less current liabilities		(80,877)	(72,503)
Creditors: amounts falling due after more than one year		(101,837)	(101,837)
Total net assets (liabilities)		(182,714)	(174,340)
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		(182,814)	(174,440)
Shareholders' funds		(182,714)	(174,340)

For the year ending 30 June 2014 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 24 July 2015

And signed on their behalf by:
P Hajistilly, Director

PANIKOS PHOTOGRAPHY LIMITED Registered Number 04251928

Notes to the Abbreviated Accounts for the period ended 30 June 2014

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 represents the invoice value of goods and services, excluding value added tax, made in the period.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Fixtures, fittings and equipment - 25% Reducing balance

Other accounting policies
Going concern
The accounts are prepared on a going concern basis, the validity of which is dependent upon the continued support of the company's director.

2Tangible fixed assets

	£
Cost
At 1 August 2013	113,197
Additions	4,390
Disposals	-
Revaluations	-
Transfers	-
At 30 June 2014	117,587
Depreciation
At 1 August 2013	98,913
Charge for the year	4,668
On disposals	-
At 30 June 2014	103,581
Net book values
At 30 June 2014	14,006
At 31 July 2013	14,284

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

	30/06/2014 £	31/07/2013 £
100 Ordinary shares of £1 each	100	100