Localpad Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 08481809 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 May 2015

for

Localpad Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mr L A Cowburn

REGISTERED OFFICE:

Office Suite 30

The Old Flying Club

Skillings Lane

Brough

East Yorkshire

HU15 1EN

REGISTERED NUMBER:

08481809 (England and Wales)

ACCOUNTANTS:

360 Accountants Limited

19 Albion Street

Hull

East Yorkshire

HU1 3TG

BANKERS:

HSBC Bank Plc

Merit House

Priory Park West

Saxon Way

Hessle

East Yorkshire

HU13 9PB

CURRENT ASSETS

Debtors

87,924

45,651

Cash at bank

14,734

8,589

102,658

54,240

CREDITORS

Amounts falling due within one year

100,730

39,904

NET CURRENT ASSETS

1,928

14,336

TOTAL ASSETS LESS CURRENT LIABILITIES

1,928

14,336

CAPITAL AND RESERVES

Called up share capital

2

2,500

2,500

Profit and loss account

(572

)

11,836

SHAREHOLDERS' FUNDS

1,928

14,336

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2015 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 8 October 2015 and were signed by:

Mr L A Cowburn - 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 services, excluding value added tax.

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.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/5/15

31/5/14

value:

£

£

240,000

Ordinary (A)

1p

2,400

2,400

5,000

Ordinary (B)

1p

100

100

2,500

2,500

3.	ULTIMATE PARENT COMPANY

PAD Group Software Ltd is regarded by the director as being the company's ultimate parent company.

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 May 2015 and the period

ended 31 May 2014:

31/5/15

31/5/14

£

£

Mr L A Cowburn

Balance outstanding at start of year

-

-

Amounts advanced

74,750

-

Amounts repaid

(17,000

)

-

Balance outstanding at end of year

57,750

-