Abbreviated Company Accounts - P.M. BAILEY LTD

Registered Number 08315002

P.M. BAILEY LTD

Abbreviated Accounts

31 March 2015

P.M. BAILEY LTD Registered Number 08315002

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Fixed assets
Intangible assets	2	111,480	126,728
Tangible assets	3	1,567	2,351
		113,047	129,079
Current assets
Debtors		48,332	43,139
Cash at bank and in hand		29,288	29,543
		77,620	72,682
Creditors: amounts falling due within one year		(180,936)	(215,882)
Net current assets (liabilities)		(103,316)	(143,200)
Total assets less current liabilities		9,731	(14,121)
Provisions for liabilities		(1,875)	-
Total net assets (liabilities)		7,856	(14,121)
Capital and reserves
Called up share capital		10	10
Profit and loss account		7,846	(14,131)
Shareholders' funds		7,856	(14,121)

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 7 May 2015

And signed on their behalf by:
P Bailey, Director

P.M. BAILEY LTD Registered Number 08315002

Notes to the Abbreviated Accounts for the period ended 31 March 2015

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 net invoiced sales of goods and services excluding value added tax

2Intangible fixed assets

	£
Cost
At 1 April 2014	142,476
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2015	142,476
Amortisation
At 1 April 2014	15,748
Charge for the year	15,248
On disposals	-
At 31 March 2015	30,996
Net book values
At 31 March 2015	111,480
At 31 March 2014	126,728

3Tangible fixed assets

	£
Cost
At 1 April 2014	3,135
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2015	3,135
Depreciation
At 1 April 2014	784
Charge for the year	784
On disposals	-
At 31 March 2015	1,568
Net book values
At 31 March 2015	1,567
At 31 March 2014	2,351