Abbreviated Company Accounts - PAULE CONSTABLE LIGHTING DESIGN LIMITED

Abbreviated Company Accounts - PAULE CONSTABLE LIGHTING DESIGN LIMITED

PAULE CONSTABLE LIGHTING DESIGN LIMITED - Company Information

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Registered Number 07553307

PAULE CONSTABLE LIGHTING DESIGN LIMITED

Abbreviated Accounts

31 March 2015

PAULE CONSTABLE LIGHTING DESIGN LIMITED Registered Number 07553307

Abbreviated Balance Sheet as at 31 March 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 2,124 2,267
Investments 3 250,000 198,000
252,124 200,267
Current assets
Debtors 40,008 56,030
Cash at bank and in hand 187,852 186,866
227,860 242,896
Creditors: amounts falling due within one year (76,720) (97,486)
Net current assets (liabilities) 151,140 145,410
Total assets less current liabilities 403,264 345,677
Provisions for liabilities (425) (453)
Total net assets (liabilities) 402,839 345,224
Capital and reserves
Called up share capital 4 100 100
Profit and loss account 402,739 345,124
Shareholders' funds 402,839 345,224
  • 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 11 November 2015

And signed on their behalf by:
Ms A P Constable, Director

PAULE CONSTABLE LIGHTING DESIGN LIMITED Registered Number 07553307

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
Turnover represents net invoiced sales of services, excluding value added tax.

Tangible assets depreciation policy
Fixtures and fittings - 25% on reducing balance

Other accounting policies
Exemption from preparing a cash flow statement
Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a small company.

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

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

2Tangible fixed assets
£
Cost
At 1 April 2014 3,354
Additions 566
Disposals -
Revaluations -
Transfers -
At 31 March 2015 3,920
Depreciation
At 1 April 2014 1,087
Charge for the year 709
On disposals -
At 31 March 2015 1,796
Net book values
At 31 March 2015 2,124
At 31 March 2014 2,267

3Fixed assets Investments
Investments other than loans

Cost
At 01.04.14 - £198,000
Additions - £52,000
At 31.03.15 - £250,000

Net Book Value
At 31.03.15 - £250,000
At 31.03.14 - £198,000

4Called Up Share Capital
Allotted, called up and fully paid:
2015
£		 2014
£
100 Ordinary shares of £1 each 100 100