Patrick Allen & Associates Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 04694261 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 APRIL 2015

FOR

PATRICK ALLEN & ASSOCIATES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

P A Boswell

A P Catton

P R Wright

SECRETARY:

P A Boswell

REGISTERED OFFICE:

Crane Court

302 London Road

Ipswich

Suffolk

IP2 0AJ

REGISTERED NUMBER:

04694261 (England and Wales)

ACCOUNTANTS:

Ballams

Chartered Accountants

Crane Court

302 London Road

Ipswich

Suffolk

IP2 0AJ

BANKERS:

HSBC

37 The Thoroughfare

Woodbridge

Suffolk

IP12 1AH

FIXED ASSETS

Tangible assets

2

7,338

6,615

CURRENT ASSETS

Stocks

29,316

25,175

Debtors

31,328

38,065

Cash at bank and in hand

34,497

14,817

95,141

78,057

CREDITORS

Amounts falling due within one year

33,978

38,979

NET CURRENT ASSETS

61,163

39,078

TOTAL ASSETS LESS CURRENT LIABILITIES

68,501

45,693

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

68,401

45,593

SHAREHOLDERS' FUNDS

68,501

45,693

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 30 September 2015 and were signed on its behalf by:

P A Boswell - Director

A P Catton - 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 goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business has been fully amortised in the current year.

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

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

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

the balance sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to the profit and loss account in the period to which they

relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2014

67,915

Additions

3,168

At 30 April 2015

71,083

DEPRECIATION

At 1 May 2014

61,300

Charge for year

2,445

At 30 April 2015

63,745

NET BOOK VALUE

At 30 April 2015

7,338

At 30 April 2014

6,615

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

100

Ordinary

£1

100

100