Abbreviated Company Accounts - PADDOCK JOHNSON PARTNERSHIP LIMITED

PADDOCK JOHNSON PARTNERSHIP LIMITED - Company Information

06684275 PADDOCK JOHNSON PARTNERSHIP LIMITED 2015-09-30 false 2014-10-01 2015-09-30 true 06684275 2014-10-01 2015-09-30 06684275 2015-09-30 06684275 2014-09-30 06684275 uk-gaap-cd-bus:Director1 2014-10-01 2015-09-30 06684275 uk-gaap-cd-bus:Director2 2014-10-01 2015-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-10-01 2015-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-09-30 iso4217:GBP shares

Registered Number 06684275

PADDOCK JOHNSON PARTNERSHIP LIMITED

Abbreviated Accounts

30 September 2015

PADDOCK JOHNSON PARTNERSHIP LIMITED Registered Number 06684275

Abbreviated Balance Sheet as at 30 September 2015

	Notes	2015	2014
		£	£
Fixed assets
Intangible assets	2	180,000	210,000
Tangible assets	3	30,894	27,763
		210,894	237,763
Current assets
Stocks		312,417	182,897
Debtors		117,680	336,097
Cash at bank and in hand		10,190	173,995
		440,287	692,989
Creditors: amounts falling due within one year		(311,471)	(506,515)
Net current assets (liabilities)		128,816	186,474
Total assets less current liabilities		339,710	424,237
Total net assets (liabilities)		339,710	424,237
Capital and reserves
Called up share capital	4	100	100
Profit and loss account		339,610	424,137
Shareholders' funds		339,710	424,237

For the year ending 30 September 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
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.

Approved by the Board on 9 December 2015

And signed on their behalf by:
M Paddock, Director
E Johnson, Director

PADDOCK JOHNSON PARTNERSHIP LIMITED Registered Number 06684275

Notes to the Abbreviated Accounts for the period ended 30 September 2015

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Fixtures, fittings and equipment - 14% reducing balance

Intangible assets amortisation policy
Goodwill
Acquired goodwill is written off in equal installments over its estimated useful economic life of 10 years.

Other accounting policies
Work in Progress
Work in progress is valued at the lower of cost and net realizable value.

2Intangible fixed assets

	£
Cost
At 1 October 2014	300,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 September 2015	300,000
Amortisation
At 1 October 2014	90,000
Charge for the year	30,000
On disposals	-
At 30 September 2015	120,000
Net book values
At 30 September 2015	180,000
At 30 September 2014	210,000

3Tangible fixed assets

	£
Cost
At 1 October 2014	43,447
Additions	8,583
Disposals	-
Revaluations	-
Transfers	-
At 30 September 2015	52,030
Depreciation
At 1 October 2014	15,684
Charge for the year	5,452
On disposals	-
At 30 September 2015	21,136
Net book values
At 30 September 2015	30,894
At 30 September 2014	27,763

4Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
100 Ordinary shares of £1 each	100	100