Abbreviated Company Accounts - PAT TRADING LTD

Registered Number 09068812

PAT TRADING LTD

Abbreviated Accounts

30 June 2015

PAT TRADING LTD Registered Number 09068812

Abbreviated Balance Sheet as at 30 June 2015

	Notes	2015
		£
Fixed assets
Tangible assets	2	869
		869
Current assets
Stocks		1,250
Cash at bank and in hand		3,662
		4,912
Creditors: amounts falling due within one year		(3,047)
Net current assets (liabilities)		1,865
Total assets less current liabilities		2,734
Total net assets (liabilities)		2,734
Capital and reserves
Called up share capital		100
Profit and loss account		2,634
Shareholders' funds		2,734

For the year ending 30 June 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 16 February 2016

And signed on their behalf by:
Uyiosa Patrick Ehanire, Director

PAT TRADING LTD Registered Number 09068812

Notes to the Abbreviated Accounts for the period ended 30 June 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 January 2015).

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and machinery 18% reducing balance

Other accounting policies
Stocks
Stock is valued at the lower of cost and net realisable value.

2Tangible fixed assets

	£
Cost
Additions	1,060
Disposals	-
Revaluations	-
Transfers	-
At 30 June 2015	1,060
Depreciation
Charge for the year	191
On disposals	-
At 30 June 2015	191
Net book values
At 30 June 2015	869