Pretty Paws Norfolk Ltd - Period Ending 2015-05-31

Registration number: 09027853

Pretty Paws Norfolk Ltd

Unaudited Abbreviated Accounts

for the Period from 7 May 2014 to 31 May 2015

 

H.B. Associates
As part of Candour Brice Accounts Limited
Spalding Business Centre
Church Street
Spalding
Lincolnshire
PE11 2PB

Pretty Paws Norfolk Ltd
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Pretty Paws Norfolk Ltd
for the Period Ended 31 May 2015

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Pretty Paws Norfolk Ltd for the period ended 31 May 2015 set out on pages from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Pretty Paws Norfolk Ltd , as a body, in accordance with the terms of our engagement letter . Our work has been undertaken solely to prepare for your approval the accounts of Pretty Paws Norfolk Ltd and state those matters that we have agreed to state to them, as a body . To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Pretty Paws Norfolk Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Pretty Paws Norfolk Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Pretty Paws Norfolk Ltd . You consider that Pretty Paws Norfolk Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of Pretty Paws Norfolk Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

H.B. Associates
As part of Candour Brice Accounts Limited
Spalding Business Centre
Church Street
Spalding
Lincolnshire
PE11 2PB

31 May 2016

Page 1

Pretty Paws Norfolk Ltd
(Registration number: 09027853)
Abbreviated Balance Sheet at 31 May 2015

		Note			31 May 2015 £
Fixed assets
Tangible fixed assets					3,384
Current assets
Stocks					623
Debtors					1,101
Cash at bank and in hand					1,269
					2,993
Creditors: Amounts falling due within one year					(10,779)
Net current liabilities					(7,786)
Net liabilities					(4,402)
Capital and reserves
Called up share capital		3			3
Profit and loss account					(4,405)
Shareholders' deficit					(4,402)

For the year ending 31 May 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 31 May 2016 and signed on its behalf by:

.........................................
Mr J E Havers
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Pretty Paws Norfolk Ltd
Notes to the Abbreviated Accounts for the Period from 7 May 2014 to 31 May 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Going concern

The directors are aware of the balance sheet defficiency and are committed to supporting the company for the foreseeable future.

Turnover

Turnover represents amounts chargeable in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Fixtures and fittings	25% reducing balance

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 3

Pretty Paws Norfolk Ltd
Notes to the Abbreviated Accounts for the Period from 7 May 2014 to 31 May 2015
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
Additions		4,517			4,517
At 31 May 2015		4,517			4,517
Depreciation
Charge for the period		1,133			1,133
At 31 May 2015		1,133			1,133
Net book value
At 31 May 2015		3,384			3,384

3	Share capital

Allotted, called up and fully paid shares

	31 May 2015
		No.			£
Ordinary shares of £1 each		3			3

New shares allotted

During the period 3 Ordinary shares having an aggregate nominal value of £3 were allotted for an aggregate consideration of £3.

Page 4