Abbreviated Company Accounts - PAMELA YATES LIMITED

PAMELA YATES LIMITED - Company Information

Registered Number 07131269

PAMELA YATES LIMITED

Abbreviated Accounts

31 January 2015

PAMELA YATES LIMITED Registered Number 07131269

Abbreviated Balance Sheet as at 31 January 2015

	Notes	2015	2014
		£	£
Fixed assets
Intangible assets	2	-	1,975
Tangible assets	3	395	493
		395	2,468
Current assets
Stocks		8,270	1,570
Debtors		789	510
Cash at bank and in hand		687	1,719
		9,746	3,799
Creditors: amounts falling due within one year		(4,536)	(5,103)
Net current assets (liabilities)		5,210	(1,304)
Total assets less current liabilities		5,605	1,164
Creditors: amounts falling due after more than one year		(16,000)	(8,000)
Total net assets (liabilities)		(10,395)	(6,836)
Capital and reserves
Called up share capital		100	100
Profit and loss account		(10,495)	(6,936)
Shareholders' funds		(10,395)	(6,836)

For the year ending 31 January 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 26 October 2015

And signed on their behalf by:
P Yates, Director

PAMELA YATES LIMITED Registered Number 07131269

Notes to the Abbreviated Accounts for the period ended 31 January 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures & fittings depreciation 20% of Net Realizable value, Computer equipment 20% of Net Realizable Value.

Intangible assets amortisation policy
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of five years.

Valuation information and policy
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

Other accounting policies
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

2Intangible fixed assets

	£
Cost
At 1 February 2014	9,875
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 January 2015	9,875
Amortisation
At 1 February 2014	7,900
Charge for the year	1,975
On disposals	-
At 31 January 2015	9,875
Net book values
At 31 January 2015	0
At 31 January 2014	1,975

3Tangible fixed assets

	£
Cost
At 1 February 2014	1,006
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 January 2015	1,006
Depreciation
At 1 February 2014	513
Charge for the year	98
On disposals	-
At 31 January 2015	611
Net book values
At 31 January 2015	395
At 31 January 2014	493