A Paxton Engineering Limited - Abbreviated accounts

Registered number

07448937

A Paxton Engineering Limited

Abbreviated Accounts

31 March 2015

A Paxton Engineering Limited
Registered number:		07448937
Abbreviated Balance Sheet
as at 31 March 2015

Notes			2015			2014
£				£
Fixed assets
Tangible assets	2		-			500

Current assets
Debtors		2,253			3,063
Cash at bank and in hand		5,957			1,338
		8,210			4,401

Creditors: amounts falling due within one year		(7,445)			(4,772)

Net current assets/(liabilities)			765			(371)

Net assets			765			129

Capital and reserves
Called up share capital	3		100			100
Profit and loss account			665			29

Shareholder's funds			765			129

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



A G Paxton
Director
Approved by the board on 24 October 2015

A Paxton Engineering Limited
Notes to the Abbreviated Accounts
for the year ended 31 March 2015

1	Accounting policies

	Basis of preparation
	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
	Turnover represents the value, net of value added tax and discounts, of services provided to customers.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Computer equipment			33% straight line

	Deferred taxation
	Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.


2	Tangible fixed assets					£

	Cost
	At 1 April 2014					1,454
	At 31 March 2015					1,454

	Depreciation
	At 1 April 2014					954
	Charge for the year					500
	At 31 March 2015					1,454

	Net book value
	At 31 March 2015					-
	At 31 March 2014					500


3	Share capital	Nominal		2015		2015		2014
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		100		100		100


4	Loans to directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£
	A G Paxton
	Directors loan account	1,736		-		(1,736)		-

		1,736		-		(1,736)		-