Pareto Associates Ltd - Limited company accounts 11.7

REGISTERED NUMBER: 08798609 (England and Wales)

Report of the Director and

Unaudited Financial Statements

for the Period 2 December 2013 to 31 December 2014

for

Pareto Associates Ltd

Page

Company Information

1

Report of the Director

2

Profit and Loss Account

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTOR:

M A Macken

REGISTERED OFFICE:

3rd Floor Buckingham House

Buckingham Street

Aylesbury

Buckinghamshire

HP20 2LA

REGISTERED NUMBER:

08798609 (England and Wales)

ACCOUNTANTS:

Orange Genie Freelancer Services Ltd

Buckingham House

Buckingham Street

Aylesbury

HP20 2LA

The director presents his report with the financial statements of the company for the period 2 December 2013 to 31 December 2014.

INCORPORATION

The company was incorporated on 2 December 2013 .

PRINCIPAL ACTIVITY

The principal activity of the company in the period under review was that of Finance & Accountancy Consultancy.

DIRECTOR

M A Macken was appointed as a director on 2 December 2013 and held office during the whole of the period from then to the date of this report.

The director, being eligible, offers himself for election at the forthcoming first Annual General Meeting.

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:

M A Macken - Director

14 August 2015

TURNOVER

36,892

Administrative expenses

15,626

OPERATING PROFIT and

PROFIT ON ORDINARY ACTIVITIES BEFORE TAXATION

2

21,266

Tax on profit on ordinary activities

3

4,265

PROFIT FOR THE FINANCIAL PERIOD

17,001

CURRENT ASSETS

Debtors

5

5,121

CREDITORS

Amounts falling due within one year

6

5,119

NET CURRENT ASSETS

2

TOTAL ASSETS LESS CURRENT LIABILITIES

2

CAPITAL AND RESERVES

Called up share capital

7

1

Profit and loss account

8

1

SHAREHOLDERS' FUNDS

2

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

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

The director acknowledges his 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 director on 14 August 2015 and were signed by:

M A Macken - 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 services, excluding value added tax.

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:

£

Formation costs

60

Director's remuneration and other benefits etc

7,500

3.

TAXATION

Analysis of the tax charge

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

£

Current tax:

UK corporation tax

4,265

Tax on profit on ordinary activities

4,265

4.

DIVIDENDS

£

Ordinary share of £1

Interim

17,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Directors' current accounts

4,385

Tax

736

5,121

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Tax

5,000

Accrued expenses

119

5,119

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

1

Ordinary

£1

1

8.

RESERVES

Profit

and loss

account

£

Profit for the period

17,001

Dividends

(17,000

)

At 31 December 2014

1

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 31 December 2014:

£

M A Macken

Balance outstanding at start of period

-

Amounts advanced

4,385

Amounts repaid

(1,441

)

Balance outstanding at end of period

2,944

10.	ULTIMATE CONTROLLING PARTY

The controlling party is M A Macken.

The ultimate controlling party is M A Macken.