Punch Communications Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 04869157 (England and Wales)

Abbreviated Accounts

for the Year Ended 31 March 2014

for

Punch Communications Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

P Goold

E Goold

SECRETARY:

P Goold

REGISTERED OFFICE:

Ground Floor

19 New Road

Brighton

East Sussex

BN1 1UF

BUSINESS ADDRESS:

The Arc

Harborough Road

Lubenham Hill

Market Harborough

Leicestershire

LE16 7FN

REGISTERED NUMBER:

04869157 (England and Wales)

ACCOUNTANTS:

Lucraft Hodgson & Dawes

Ground Floor

19 New Road

Brighton

East Sussex

BN1 1UF

FIXED ASSETS

Tangible assets

2

35,882

37,121

Investments

3

264,746

231,471

300,628

268,592

CURRENT ASSETS

Debtors

127,499

206,591

Cash at bank and in hand

1,411,360

612,641

1,538,859

819,232

CREDITORS

Amounts falling due within one year

405,654

143,259

NET CURRENT ASSETS

1,133,205

675,973

TOTAL ASSETS LESS CURRENT LIABILITIES

1,433,833

944,565

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

1,433,733

944,465

SHAREHOLDERS' FUNDS

1,433,833

944,565

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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 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 5 September 2014 and were signed on its behalf by:

P Goold - Director

E Goold - Director

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 invoiced sales of services, excluding value added tax.

Tangible fixed assets

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

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

20% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

64,828

Additions

7,576

Disposals

(1,018

)

At 31 March 2014

71,386

DEPRECIATION

At 1 April 2013

27,707

Charge for year

8,360

Eliminated on disposal

(563

)

At 31 March 2014

35,504

NET BOOK VALUE

At 31 March 2014

35,882

At 31 March 2013

37,121

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 April 2013

231,471

Additions

33,275

At 31 March 2014

264,746

NET BOOK VALUE

At 31 March 2014

264,746

At 31 March 2013

231,471

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.14

31.3.13

value:

£

£

100

Ordinary

£1

100

100

5.	RELATED PARTY DISCLOSURES

During the year the directors, Peter Goold and Emma Goold, provided the company with a loan to assist with the

provision of working capital. The loan was interest free, and repayable on demand. The balance outstanding at

the balance sheet date was £1,000 (2013: £280).

6.	ULTIMATE CONTROLLING PARTY

The company is controlled by the directors by virtue of their holding of 100% of the company's issued share

capital.