PAISLEY PROJECTS LIMITED - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 07875726 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

FOR

PAISLEY PROJECTS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Miss J Ritchie

Mrs J C Ritchie

REGISTERED OFFICE:

Turnpike House

1208/1210 London Road

Leigh on Sea

Essex

SS9 2UA

REGISTERED NUMBER:

07875726 (England and Wales)

ACCOUNTANTS:

Segrave & Partners

Chartered Accountants

Turnpike House

1208/1210 London Road

Leigh on Sea

Essex

SS9 2UA

FIXED ASSETS

Tangible assets

2

3,827

2,510

CURRENT ASSETS

Debtors

15,360

12,248

Cash at bank

98,583

57,867

113,943

70,115

CREDITORS

Amounts falling due within one year

32,707

34,246

NET CURRENT ASSETS

81,236

35,869

TOTAL ASSETS LESS CURRENT LIABILITIES

85,063

38,379

CAPITAL AND RESERVES

Called up share capital

3

6

5

Profit and loss account

85,057

38,374

SHAREHOLDERS' FUNDS

85,063

38,379

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 26 January 2016 and were signed on its behalf by:

Miss J Ritchie - Director

Mrs J C Ritchie - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Office equipment

-

25% on reducing balance

Deferred tax

Deferred tax has been calculated, but the amount involved is not significant enough to materially affect the

financial statements, and therefore no provision has been made.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

3,537

Additions

2,594

At 31 March 2015

6,131

DEPRECIATION

At 1 April 2014

1,027

Charge for year

1,277

At 31 March 2015

2,304

NET BOOK VALUE

At 31 March 2015

3,827

At 31 March 2014

2,510

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

6

Ordinary

£1

6

5

1 Ordinary share of £1 was allotted and fully paid for cash at par during the year.