PATW Ltd,Ltd - Accounts

PATW Ltd,Ltd - Accounts

PATW LTD - Company Information

Print Friendly Version

2014-11-01 true false Private Limited Company 08236100 2015-10-31 08236100 2014-11-01 2015-10-31 08236100 2014-10-31 08236100 2013-11-01 2014-10-31 08236100 uk-bus:Director1 2014-11-01 2015-10-31 08236100 uk-gaap:PlantMachinery 2014-11-01 2015-10-31 08236100 uk-gaap:ComputerEquipment 2014-11-01 2015-10-31 iso4217:GBP
PATW Ltd
For the year ended 31 October 2015
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 08236100
2
Contents Page
PATW Ltd
For the year ended 31 October 2015
1
Accountants' Report
2
Balance Sheet
3
Notes to the Abbreviated Financial Statements
3
Accountants' Report
For the year ended 31 October 2015
PATW Ltd
As described on the balance sheet you are responsible for the preparation of the financial statements for the year
ended 31 October 2015 and you consider that the company is exempt from an audit under the Companies Act
2006.
In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you
to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.
Iwona Accountancy Services Ltd
51 Tyburn Rd.
Spencer House
Birmingham
B24 8NP
03 December 2015
Dated:
1 of 3
4
Abbreviated Balance Sheet
PATW Ltd
As at 31 October 2015
08236100
Registered Number :
£
£
2015
Notes
2014
Fixed assets
Tangible assets
2
170
201
170
201
Current assets
Debtors
8,572
16,945
Cash at bank and in hand
1,878
1,351
18,823
9,923
Creditors: amounts falling due within one year
(3,885)
(10,673)
6,038
8,150
Net current assets
Total assets less current liabilities
8,320
6,239
Creditors: amounts falling due after more than one year
(905)
(1,904)
6,416
Net assets
5,334
Capital and reserves
Called up share capital
2,100
2,100
Profit and loss account
4,316
3,234
6,416
5,334
Shareholders funds
For the year ended 31 October 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
2) The director acknowledges his 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.
Date approved by the board: 03 December 2015
Przemyslaw Lukasz Switon Director
Signed on behalf of the board of directors
2 of 3
5
Notes to the Abbreviated Financial Statements
For the year ended 31 October 2015
PATW Ltd
1 Accounting Policies
Going Concern
The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the director who has undertaken to provide such support for the foreseeable future. If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
50% Straight line
Computer Equipment
33% Straight line
2 Tangible fixed assets
Tangible fixed
assets
Cost or valuation
£
875
Additions
At 31 October 2015
875
Depreciation
392
At 01 November 2014
313
Charge for year
705
At 31 October 2015
Net book values
At 31 October 2015
170
3 of 3