Abbreviated Company Accounts - PARADISE TRADING (UK) LTD

PARADISE TRADING (UK) LTD - Company Information

Registered Number 05994438

PARADISE TRADING (UK) LTD

Abbreviated Accounts

31 March 2015

PARADISE TRADING (UK) LTD Registered Number 05994438

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	5,446	6,876
		5,446	6,876
Current assets
Stocks		21,430	19,720
Debtors		62,200	25,751
Cash at bank and in hand		10,947	17,133
		94,577	62,604
Creditors: amounts falling due within one year		(105,891)	(78,643)
Net current assets (liabilities)		(11,314)	(16,039)
Total assets less current liabilities		(5,868)	(9,163)
Creditors: amounts falling due after more than one year		-	(731)
Total net assets (liabilities)		(5,868)	(9,894)
Capital and reserves
Called up share capital		100	100
Profit and loss account		(5,968)	(9,994)
Shareholders' funds		(5,868)	(9,894)

For the year ending 31 March 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 17 December 2015

And signed on their behalf by:
John BURGESS, Director

PARADISE TRADING (UK) LTD Registered Number 05994438

Notes to the Abbreviated Accounts for the period ended 31 March 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
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

Tangible assets depreciation policy
Fixed assets

All fixed assets are initially recorded at cost.

Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Fixtures & Fittings - 15%
Motor Vehicles - 20%
Equipment - 20%

2Tangible fixed assets

	£
Cost
At 1 April 2014	13,210
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2015	13,210
Depreciation
At 1 April 2014	6,334
Charge for the year	1,430
On disposals	-
At 31 March 2015	7,764
Net book values
At 31 March 2015	5,446
At 31 March 2014	6,876