Company Registration No. 07284765 (England and Wales)
PAUL LENARD LIMITED
ABBREVIATED ACCOUNTS
FOR THE PERIOD ENDED 30 JUNE 2015
PAUL LENARD LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
PAUL LENARD LIMITED
ABBREVIATED BALANCE SHEET
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
11,441
13,461
Current assets
Stocks
2,250
2,250
Cash at bank and in hand
5,306
2,473
7,556
4,723
Creditors: amounts falling due within one year
(13,488)
(16,421)
Net current liabilities
(5,932)
(11,698)
Total assets less current liabilities
5,509
1,763
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
5,409
1,663
Shareholders' funds
5,509
1,763
For the financial Period ended 30 June 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the Period in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 8 October 2015
Mr P Dewhurst
Director
Company Registration No. 07284765
PAUL LENARD LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE PERIOD ENDED 30 JUNE 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings & equipment
15% Reducing Balance
2
Fixed assets
Tangible assets
£
Cost
At 1 July 2014 & at 30 June 2015
25,575
Depreciation
At 1 July 2014
12,115
Charge for the period
2,019
At 30 June 2015
14,134
Net book value
At 30 June 2015
11,441
At 30 June 2014
13,461
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
100 Ordinary of £1 each
100
100
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