Abbreviated Company Accounts - SINCERELY PAUL LTD

Abbreviated Company Accounts - SINCERELY PAUL LTD

SINCERELY PAUL LTD - Company Information

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Registered Number 05817903

SINCERELY PAUL LTD

Abbreviated Accounts

31 March 2015

SINCERELY PAUL LTD Registered Number 05817903

Abbreviated Balance Sheet as at 31 March 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 12,237 12,615
12,237 12,615
Current assets
Stocks - 11,548
Debtors 24,820 25,463
Cash at bank and in hand 284,227 188,628
309,047 225,639
Creditors: amounts falling due within one year (255,886) (177,872)
Net current assets (liabilities) 53,161 47,767
Total assets less current liabilities 65,398 60,382
Total net assets (liabilities) 65,398 60,382
Capital and reserves
Called up share capital 50 50
Profit and loss account 65,348 60,332
Shareholders' funds 65,398 60,382
  • 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 8 December 2015

And signed on their behalf by:
Paul Pugh, Director

SINCERELY PAUL LTD Registered Number 05817903

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 the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.

Tangible assets depreciation policy
Depreciation has been provided at the following rate in order to write off the assets over their estimated useful lives. The same basis as writing down allowances for taxation purposes has been used
Office furniture and equipment 25% on a straight line basis.

Other accounting policies
Foreign Currencies: Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.

2Tangible fixed assets
£
Cost
At 1 April 2014 22,729
Additions 7,073
Disposals -
Revaluations -
Transfers -
At 31 March 2015 29,802
Depreciation
At 1 April 2014 10,114
Charge for the year 7,451
On disposals -
At 31 March 2015 17,565
Net book values
At 31 March 2015 12,237
At 31 March 2014 12,615