Graham Pay Associates Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 08624108 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 July 2015

for

Graham Pay Associates Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

G D Pay

Mrs M B Pay

REGISTERED OFFICE:

Linden

The Avenue

Sherborne

DT9 3AH

REGISTERED NUMBER:

08624108 (England and Wales)

ACCOUNTANTS:

AR Jones

Prospect House

Peverell Avenue East

Poundbury

Dorchester

DT1 3WE

BANKERS:

Barclays

61 Cheap Street

Sherborne

DT9 3BB

FIXED ASSETS

Intangible assets

2

6,870

9,160

Tangible assets

3

3,513

4,703

10,383

13,863

CURRENT ASSETS

Debtors

38

302

Cash at bank

86

1,249

124

1,551

CREDITORS

Amounts falling due within one year

26,740

25,291

NET CURRENT LIABILITIES

(26,616

)

(23,740

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(16,233

)

(9,877

)

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

(16,333

)

(9,977

)

SHAREHOLDERS' FUNDS

(16,233

)

(9,877

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 1 October 2015 and were signed on its behalf by:

G D Pay - 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).

Intangible fixed assets

The cost of acquiring franchises is amortised over the period of the agreement.

Tangible fixed assets

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

Office equipment

-

Straight line over 6 years

Computer equipment

-

Straight line over 3 years

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2014

and 31 July 2015

11,450

AMORTISATION

At 1 August 2014

2,290

Amortisation for year

2,290

At 31 July 2015

4,580

NET BOOK VALUE

At 31 July 2015

6,870

At 31 July 2014

9,160

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2014

and 31 July 2015

5,893

DEPRECIATION

At 1 August 2014

1,190

Charge for year

1,190

At 31 July 2015

2,380

NET BOOK VALUE

At 31 July 2015

3,513

At 31 July 2014

4,703

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

100

Ordinary

1

100

100

5.	RELATED PARTY DISCLOSURES

6.	ULTIMATE CONTROLLING PARTY