Paine Batchelor Limited - Limited company - abbreviated - 11.9

Paine Batchelor Limited - Limited company - abbreviated - 11.9

PAINE BATCHELOR LIMITED - Company Information

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REGISTERED NUMBER: 08398267 (England and Wales)















Abbreviated Unaudited Accounts

for the Year Ended 28th February 2015

for

PAINE BATCHELOR LIMITED

PAINE BATCHELOR LIMITED (REGISTERED NUMBER: 08398267)

Contents of the Abbreviated Accounts
for the year ended 28th February 2015










Page

Company Information 1

Chartered Accountants' Report 2

Abbreviated Balance Sheet 3

Notes to the Abbreviated Accounts 5

PAINE BATCHELOR LIMITED

Company Information
for the year ended 28th February 2015







DIRECTORS: Ms L Pymer
Mr D Pymer





REGISTERED OFFICE: Monometer House
Rectory Grove
Leigh on Sea
Essex
SS9 2HN





REGISTERED NUMBER: 08398267 (England and Wales)





ACCOUNTANTS: Barrons
Chartered Accountants
Monometer House
Rectory Grove
Leigh on Sea
Essex
SS9 2HN
Page 1
Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Paine Batchelor Limited (Registered number: 08398267)


The following reproduces the text of the report prepared for the directors in respect of the company's annual
unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages three to six)
have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements of Paine Batchelor Limited for the year ended 28th February 2015 which comprise the Profit and
Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and
explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Paine Batchelor Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Paine Batchelor Limited and state those matters that we have agreed to state to the Board of Directors of Paine Batchelor Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Paine Batchelor Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Paine Batchelor Limited. You consider that Paine Batchelor Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Paine Batchelor Limited. For
this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations
you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Barrons
Chartered Accountants
Monometer House
Rectory Grove
Leigh on Sea
Essex
SS9 2HN


5th October 2015

This page does not form part of the abbreviated accounts

Page 2
PAINE BATCHELOR LIMITED (REGISTERED NUMBER: 08398267)

Abbreviated Balance Sheet
28th February 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 900 950
Tangible assets 3 5,237 5,841
6,137 6,791

CURRENT ASSETS
Stocks 1,250 833
Debtors 27,087 1,969
Cash at bank and in hand 8,877 19,980
37,214 22,782
CREDITORS
Amounts falling due within one year 42,104 28,205
NET CURRENT LIABILITIES (4,890 ) (5,423 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,247
1,368

PROVISIONS FOR LIABILITIES 1,047 1,168
NET ASSETS 200 200

CAPITAL AND RESERVES
Called up share capital 4 200 200
SHAREHOLDERS' FUNDS 200 200

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 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 notes form part of these abbreviated accounts

Page 3 continued...
PAINE BATCHELOR LIMITED (REGISTERED NUMBER: 08398267)

Abbreviated Balance Sheet - continued
28th February 2015


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 5th October 2015 and were signed on its behalf by:





Ms L Pymer - Director


The notes form part of these abbreviated accounts

Page 4
PAINE BATCHELOR LIMITED (REGISTERED NUMBER: 08398267)

Notes to the Abbreviated Accounts
for the year ended 28th February 2015


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 sales of goods and services for the year, excluding value added tax

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of twenty years.

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

Plant and machinery etc - 20% straight line

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 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 1st March 2014
and 28th February 2015 1,000
AMORTISATION
At 1st March 2014 50
Amortisation for year 50
At 28th February 2015 100
NET BOOK VALUE

At 28th February 2015 900
At 28th February 2014 950

Page 5 continued...
PAINE BATCHELOR LIMITED (REGISTERED NUMBER: 08398267)

Notes to the Abbreviated Accounts - continued
for the year ended 28th February 2015


3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1st March 2014 7,301
Additions 1,071
At 28th February 2015 8,372
DEPRECIATION
At 1st March 2014 1,460
Charge for year 1,675
At 28th February 2015 3,135
NET BOOK VALUE
At 28th February 2015 5,237
At 28th February 2014 5,841

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
100 Ordinary A £1 100 100
100 Ordinary B £1 100 100
200 200

5. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 28th February 2015 and the
period ended 28th February 2014:

Directors' current account 2014 2015 2014
£ £
Mr D Pymer and Ms L Pymer
Balance outstanding at start of year 113 -
Amounts advanced - 113
Amounts repaid (113 ) -
Balance outstanding at end of year - 113

Directors' current account 2015 2015 2014
£ £
Mr D Pymer and Ms L Pymer
Balance outstanding at start of year - -
Amounts advanced 12,865 -
Amounts repaid - -
Balance outstanding at end of year 12,865 -

Page 6