Paintman Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 04606278 (England and Wales)

Abbreviated Accounts

for the Year Ended 28 February 2015

for

Paintman Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

C A Freed

SECRETARY:

Mrs S P Freed

REGISTERED OFFICE:

24 Cornwall Road

Dorchester

Dorset

DT1 1RX

REGISTERED NUMBER:

04606278 (England and Wales)

ACCOUNTANTS:

Read Woodruff

Chartered Accountants

24 Cornwall Road

Dorchester

Dorset

DT1 1RX

FIXED ASSETS

Intangible assets

2

6,000

6,750

Tangible assets

3

3,077

3,772

9,077

10,522

CURRENT ASSETS

Debtors

2,268

1,020

Cash at bank

1,095

11,221

3,363

12,241

CREDITORS

Amounts falling due within one year

6,322

8,131

NET CURRENT (LIABILITIES)/ASSETS

(2,959

)

4,110

TOTAL ASSETS LESS CURRENT LIABILITIES

6,118

14,632

PROVISIONS FOR LIABILITIES

529

649

NET ASSETS

5,589

13,983

CAPITAL AND RESERVES

Called up share capital

4

3

3

Profit and loss account

5,586

13,980

SHAREHOLDERS' FUNDS

5,589

13,983

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 25 November 2015 and were signed by:

C A Freed - 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 materials and services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

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

Plant and machinery

-

15% on reducing balance

Office equipment

-

15% on reducing balance

Motor vehicles

-

25% 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.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 March 2014

and 28 February 2015

15,000

AMORTISATION

At 1 March 2014

8,250

Amortisation for year

750

At 28 February 2015

9,000

NET BOOK VALUE

At 28 February 2015

6,000

At 28 February 2014

6,750

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 March 2014

and 28 February 2015

16,064

DEPRECIATION

At 1 March 2014

12,292

Charge for year

695

At 28 February 2015

12,987

NET BOOK VALUE

At 28 February 2015

3,077

At 28 February 2014

3,772

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

3

Ordinary

£1

3

3