Abbreviated Company Accounts - PANDA.CO DESIGNS LIMITED

PANDA.CO DESIGNS LIMITED - Company Information

05392421 PANDA.CO DESIGNS LIMITED 2015-03-31 false 2014-04-01 2015-03-31 true 05392421 2014-04-01 2015-03-31 05392421 2015-03-31 05392421 2014-03-31 05392421 uk-gaap-cd-bus:Director1 2014-04-01 2015-03-31 05392421 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 05392421

PANDA.CO DESIGNS LIMITED

Abbreviated Accounts

31 March 2015

PANDA.CO DESIGNS LIMITED Registered Number 05392421

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	2,132	2,842
		2,132	2,842
Current assets
Debtors		967	967
Cash at bank and in hand		1,356	555
		2,323	1,522
Creditors: amounts falling due within one year		(23,586)	(16,990)
Net current assets (liabilities)		(21,263)	(15,468)
Total assets less current liabilities		(19,131)	(12,626)
Total net assets (liabilities)		(19,131)	(12,626)
Capital and reserves
Called up share capital	3	1	1
Profit and loss account		(19,132)	(12,627)
Shareholders' funds		(19,131)	(12,626)

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 29 January 2016

And signed on their behalf by:
Ms A L Cohen, Director

PANDA.CO DESIGNS LIMITED Registered Number 05392421

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 net invoiced sales of goods, excluding value added tax.

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

Motor vehicles - 25% on reducing balance
Plant and equipment - 25% on reducing balance

2Tangible fixed assets

	£
Cost
At 1 April 2014	11,749
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2015	11,749
Depreciation
At 1 April 2014	8,907
Charge for the year	710
On disposals	-
At 31 March 2015	9,617
Net book values
At 31 March 2015	2,132
At 31 March 2014	2,842

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

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