Abbreviated Company Accounts - PAUL MCGINLEY ENTERPRISES LIMITED

PAUL MCGINLEY ENTERPRISES LIMITED - Company Information

Registered Number 03534131

PAUL MCGINLEY ENTERPRISES LIMITED

Abbreviated Accounts

31 December 2013

PAUL MCGINLEY ENTERPRISES LIMITED Registered Number 03534131

Abbreviated Balance Sheet as at 31 December 2013

	2013	2012
	£	£
Current assets
Debtors	33,007	43,582
Investments	14,423	13,481
Cash at bank and in hand	2,888	542
	50,318	57,605
Creditors: amounts falling due within one year	(18,656)	(40,365)
Net current assets (liabilities)	31,662	17,240
Total assets less current liabilities	31,662	17,240
Total net assets (liabilities)	31,662	17,240
Capital and reserves
Called up share capital	200	200
Profit and loss account	31,462	17,040
Shareholders' funds	31,662	17,240

For the year ending 31 December 2013 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 September 2014

And signed on their behalf by:
P. McGinley, Director
E. Walsh, Director

PAUL MCGINLEY ENTERPRISES LIMITED Registered Number 03534131

Notes to the Abbreviated Accounts for the period ended 31 December 2013

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 amounts receivable for goods and services net of VAT and trade discounts.

Other accounting policies
Investments

Current asset investments are stated at the lower of cost and net realisable value.

Foreign Currency Translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

Ultimate Parent Company

The ultimate controlling parties are Mr and Mrs McGinley. At the year-end, Mr P. McGinley's loan account balance was £14,463 (2012: £35,069) and is included in other creditors.