Abbreviated Company Accounts - PAUL MCKENZIE STUDIO LTD

PAUL MCKENZIE STUDIO LTD - Company Information

06216141 PAUL MCKENZIE STUDIO LTD 2015-04-30 false 2014-05-01 2015-04-30 true 06216141 2014-05-01 2015-04-30 06216141 2015-04-30 06216141 2014-04-30 06216141 uk-gaap-cd-bus:Director1 2014-05-01 2015-04-30 06216141 uk-gaap-cd-bus:Director2 2014-05-01 2015-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-05-01 2015-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-04-30 iso4217:GBP shares

Registered Number 06216141

PAUL MCKENZIE STUDIO LTD

Abbreviated Accounts

30 April 2015

PAUL MCKENZIE STUDIO LTD Registered Number 06216141

Abbreviated Balance Sheet as at 30 April 2015

	Notes	2015	2014
		£	£
Fixed assets
Intangible assets	2	9,120	13,680
Tangible assets	3	1,302	674
		10,422	14,354
Current assets
Debtors		26,058	24,571
Cash at bank and in hand		68,469	52,478
		94,527	77,049
Creditors: amounts falling due within one year		(53,594)	(36,745)
Net current assets (liabilities)		40,933	40,304
Total assets less current liabilities		51,355	54,658
Creditors: amounts falling due after more than one year		(45,000)	(45,000)
Total net assets (liabilities)		6,355	9,658
Capital and reserves
Called up share capital	4	1	1
Profit and loss account		6,354	9,657
Shareholders' funds		6,355	9,658

For the year ending 30 April 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 24 November 2015

And signed on their behalf by:
Mr P A McKenzie, Director

PAUL MCKENZIE STUDIO LTD Registered Number 06216141

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

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts are 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 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:
Plant and machinery - 25% on reducing balance
Fixtures, fittings and equipment - 25% on reducing balance
Computer equipment - 33% on reducing balance

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

Other accounting policies
Leasing :

Rentals payable under operating lease are charged against income on a straight line basis over the lease term.

2Intangible fixed assets

	£
Cost
At 1 May 2014	45,600
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 April 2015	45,600
Amortisation
At 1 May 2014	31,920
Charge for the year	4,560
On disposals	-
At 30 April 2015	36,480
Net book values
At 30 April 2015	9,120
At 30 April 2014	13,680

3Tangible fixed assets

	£
Cost
At 1 May 2014	5,555
Additions	1,228
Disposals	-
Revaluations	-
Transfers	-
At 30 April 2015	6,783
Depreciation
At 1 May 2014	4,881
Charge for the year	600
On disposals	-
At 30 April 2015	5,481
Net book values
At 30 April 2015	1,302
At 30 April 2014	674

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

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