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iso4217:GBP
| Perfect Beginnings Limited |
For the year ended 31 March 2015
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 05018418
2
| Abbreviated Balance Sheet |
Perfect Beginnings Limited
2015
2014
2
9,000
15,035
3
332,282
321,002
341,282
336,037
97,412
99,170
22,585
17,413
108,951
102,309
225,534
222,306
| Creditors: amounts falling due within one year |
4
(125,044)
(137,215)
97,262
88,319
Net current assets
| Total assets less current liabilities |
429,601
433,299
| Creditors: amounts falling due after more than one year |
5
(238,605)
(183,611)
(2,202)
(389)
| Provisions for liabilities |
243,788
Net assets
194,305
2
6
2
243,786
194,303
243,788
194,305
Shareholders funds
| For the year ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. |
| Directors responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; |
| 2) 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. |
| Date approved by the board: 29 October 2015 |
| Signed on behalf of the board of directors |
1 of 4
3
| Notes to the Abbreviated Financial Statements |
For the year ended 31 March 2015
Perfect Beginnings Limited
Turnover comprises the invoiced value of sales, net of Value Added Tax and trade discounts.
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
| Deferred taxation arises when items are charged or credited in accounts in different periods to those in which they are included in the company's tax computations.Deferred tax is provided in full on timing differences that result in an obligation to pay more (or less) tax at a future date. Deferred tax is calculated at the average rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. The resulting deferred tax asset or liability is not discounted. |
| Proposed dividends are only included as liabilities in the financial statements when their payment has been approved by the |
| shareholders prior to the balance sheet date. |
| Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable. |
| Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated |
| expected useful economic life of the goodwill of 10 years. |
| Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Computer Equipment
Motor Vehicles
Fixtures and Fittings
| No depreciation is provided on the company's freehold properties since in the opinion of the directors the expected useful lives |
| are sufficiently long and the estimated residual values are sufficiently high that any such depreciation would be immaterial. The |
| directors undertake an annual impairment review of these properties. |
| Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
2 of 4
4
| Notes to the Abbreviated Financial Statements |
For the year ended 31 March 2015
Perfect Beginnings Limited
| 2 Intangible fixed assets |
222,147
222,147
207,112
6,035
Charge for year
213,147
9,000
15,035
363,422
12,484
(10,656)
365,250
42,420
(10,155)
703
Charge for year
32,968
332,282
321,002
2015
| 4 Creditors: amounts falling due within one year |
2014
52,236
46,644
Bank loans and overdrafts (secured)
2014
2015
| 5 Creditors due after more than one year |
183,611
238,605
Bank loans and overdrafts (secured)
3 of 4
5
| Notes to the Abbreviated Financial Statements |
For the year ended 31 March 2015
Perfect Beginnings Limited
| 1,000 Ordinary shares of £1.00 each |
| Allotted called up and fully paid |
2015
2014
| 2 Ordinary shares of £1.00 each |
2
2
2
2
4 of 4
