Abbreviated Company Accounts - PELAGIC TRADE LIMITED
Abbreviated Company Accounts - PELAGIC TRADE LIMITED
Registered Number 07514551
PELAGIC TRADE LIMITED
Abbreviated Accounts
28 February 2014
PELAGIC TRADE LIMITED Registered Number 07514551
Abbreviated Balance Sheet as at 28 February 2014
Notes | 2014 | 2013 | |
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£ | £ | ||
Fixed assets | |||
Tangible assets | 2 |
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Current assets | |||
Debtors |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
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Net current assets (liabilities) |
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Total assets less current liabilities |
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Total net assets (liabilities) |
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Capital and reserves | |||
Called up share capital |
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Profit and loss account |
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Shareholders' funds |
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For the year ending 28 February 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
And signed on their behalf by:
PELAGIC TRADE LIMITED Registered Number 07514551
Notes to the Abbreviated Accounts for the period ended 28 February 2014
1Accounting Policies
Basis of measurement and preparation of accounts
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
Turnover policy
Tangible assets depreciation policy
Computer equipment 33% Straight Line
Fixtures, fittings & equipment 20% Straight Line
Other accounting policies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to the profit and loss account.
£ | |
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Cost | |
At 1 March 2013 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 28 February 2014 |
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Depreciation | |
At 1 March 2013 |
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Charge for the year |
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On disposals |
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At 28 February 2014 |
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Net book values | |
At 28 February 2014 | 2,816 |
At 28 February 2013 | 3,276 |