PJM_DECORATORS_LIMITED - Accounts

PJM DECORATORS LIMITED - Company Information

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Company Registration No. 07564648 (England and Wales)

PJM DECORATORS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2014

PJM DECORATORS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

PJM DECORATORS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2014

- 1 -

2014

2013

Notes

Fixed assets

Intangible assets

28,490

32,560

Current assets

Debtors

3,349

9,356

Cash at bank and in hand

30,278

33,216

33,627

42,572

Creditors: amounts falling due within one year

(56,423)

(73,208)

Net current liabilities

(22,796)

(30,636)

Total assets less current liabilities

5,694

1,924

Capital and reserves

Called up share capital

Profit and loss account

5,693

1,923

Shareholders' funds

5,694

1,924

For the financial year ended 31 March 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 26 August 2014

P Montague

Director

Company Registration No. 07564648

PJM DECORATORS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

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).

1.3

Turnover

Turnover represents amounts receivable for decorating services provided net of VAT and trade discounts, and income is recognised in the period to which it relates.

1.4

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of ten years.

1.5

Leasing

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

Fixed assets

Intangible assets

Cost

At 1 April 2013 & at 31 March 2014

40,700

Depreciation

At 1 April 2013

8,140

Charge for the year

4,070

At 31 March 2014

12,210

Net book value

At 31 March 2014

28,490

At 31 March 2013

32,560

Share capital

2014

2013

Allotted, called up and fully paid

1 ordinary share of £1 each