Abbreviated Company Accounts - GARY PRICE PAINTERS & DECORATORS LTD

GARY PRICE PAINTERS & DECORATORS LTD - Company Information

07140978 GARY PRICE PAINTERS & DECORATORS LTD 2015-03-31 false 2014-04-01 2015-03-31 true 07140978 2014-04-01 2015-03-31 07140978 2015-03-31 07140978 2014-03-31 07140978 uk-gaap-cd-bus:Director1 2014-04-01 2015-03-31 07140978 uk-gaap-cd-bus:Director2 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 iso4217:GBP shares

Registered Number 07140978

GARY PRICE PAINTERS & DECORATORS LTD

Abbreviated Accounts

31 March 2015

GARY PRICE PAINTERS & DECORATORS LTD Registered Number 07140978

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	3,979	5,142
		3,979	5,142
Current assets
Stocks		240	320
Debtors		12,750	14,650
Cash at bank and in hand		-	3,402
		12,990	18,372
Creditors: amounts falling due within one year		(15,824)	(18,025)
Net current assets (liabilities)		(2,834)	347
Total assets less current liabilities		1,145	5,489
Provisions for liabilities		(796)	(1,028)
Total net assets (liabilities)		349	4,461
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		249	4,361
Shareholders' funds		349	4,461

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 23 December 2015

And signed on their behalf by:
Mr. G.N. Price, Director

GARY PRICE PAINTERS & DECORATORS LTD Registered Number 07140978

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 amounts chargeable to customers for goods and services provided during the period, excluding value added tax and trade discounts.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and machinery 15% of net book value
Motor vehicles 25% of net book value

Valuation information and policy
Stocks
Stock is valued at the lower of cost and net realisable value.

Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

2Tangible fixed assets

	£
Cost
At 1 April 2014	14,606
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2015	14,606
Depreciation
At 1 April 2014	9,464
Charge for the year	1,163
On disposals	-
At 31 March 2015	10,627
Net book values
At 31 March 2015	3,979
At 31 March 2014	5,142

3Called Up Share Capital
Allotted, called up and fully paid:

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