Paella Fella Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 07027676 (England and Wales)

Abbreviated Unaudited Accounts

for the Period 1 October 2013 to 31 December 2014

for

Paella Fella Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

N S Blythe

SECRETARY:

J H Blythe

REGISTERED OFFICE:

57-59 Beak Street

London

W1F 9SJ

REGISTERED NUMBER:

07027676 (England and Wales)

ACCOUNTANTS:

Incisive Accounting Limited

57-59 Beak Street

London

W1F 9SJ

FIXED ASSETS

Tangible assets

2

11,241

10,001

CURRENT ASSETS

Stocks

1,250

1,639

Debtors

16,111

1,545

Cash at bank and in hand

4,945

2,357

22,306

5,541

CREDITORS

Amounts falling due within one year

39,861

79,474

NET CURRENT LIABILITIES

(17,555

)

(73,933

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(6,314

)

(63,932

)

CREDITORS

Amounts falling due after more than one year

93,164

-

NET LIABILITIES

(99,478

)

(63,932

)

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

(99,578

)

(64,032

)

SHAREHOLDERS' FUNDS

(99,478

)

(63,932

)

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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 9 September 2015 and were signed by:

N S Blythe - 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 gross receipts for services rendered.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is provided in full in respect of taxation deferred by timing differences between the treatment of

certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

Going concern

The company has prepared its accounts on the going concern basis as it will continue to be supported by its

director.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2013

21,242

Additions

6,350

At 31 December 2014

27,592

DEPRECIATION

At 1 October 2013

11,241

Charge for period

5,110

At 31 December 2014

16,351

NET BOOK VALUE

At 31 December 2014

11,241

At 30 September 2013

10,001

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/12/14

30/9/13

value:

£

£

100

Ordinary

£1

100

100

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the year end, Mr Blythe,the company's director, was owed £93,164 (2013 - £72,063).