PAFI Limited - Abbreviated accounts 16.1

PAFI Limited - Abbreviated accounts 16.1

PAFI LIMITED - Company Information

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REGISTERED NUMBER: 03104961 (England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2015

FOR

PAFI LIMITED

PAFI LIMITED (REGISTERED NUMBER: 03104961)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

PAFI LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2015







DIRECTORS: R Stone
G Stone





SECRETARY: R Stone





REGISTERED OFFICE: 60
Windsor Avenue
London
SW19 2RR





REGISTERED NUMBER: 03104961 (England and Wales)





ACCOUNTANTS: J-Bacc Solutions Limited
41 Shaftesbury Crescent
Laleham
Middlesex
TW18 1QL
Page 1
PAFI LIMITED (REGISTERED NUMBER: 03104961)

ABBREVIATED BALANCE SHEET
30 SEPTEMBER 2015

30.9.15 30.9.14
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 158,062 100,591

CURRENT ASSETS
Stocks 1,880 1,880
Debtors 354,934 148,409
Cash at bank and in hand 44,360 132,551
401,174 282,840
CREDITORS
Amounts falling due within one year 250,790 209,619
NET CURRENT ASSETS 150,384 73,221
TOTAL ASSETS LESS CURRENT
LIABILITIES
308,446
173,812

CREDITORS
Amounts falling due after more than one
year
-
1,315
NET ASSETS 308,446 172,497

CAPITAL AND RESERVES
Called up share capital 3 2 2
Profit and loss account 308,444 172,495
SHAREHOLDERS' FUNDS 308,446 172,497

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 notes form part of these abbreviated accounts

Page 2 continued...
PAFI LIMITED (REGISTERED NUMBER: 03104961)

ABBREVIATED BALANCE SHEET - continued
30 SEPTEMBER 2015


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 17 June 2016 and were signed on its behalf by:





R Stone - Director


The notes form part of these abbreviated accounts

Page 3
PAFI LIMITED (REGISTERED NUMBER: 03104961)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2015

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Land and buildings - 25% on cost
Plant and machinery etc - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and
slow moving items.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held
under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance
leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The
capital element of the future payments is treated as a liability.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 October 2014 193,633
Additions 167,802
Disposals (80,223 )
At 30 September 2015 281,212
DEPRECIATION
At 1 October 2014 93,042
Charge for year 52,689
Eliminated on disposal (22,581 )
At 30 September 2015 123,150
NET BOOK VALUE
At 30 September 2015 158,062
At 30 September 2014 100,591

Page 4 continued...
PAFI LIMITED (REGISTERED NUMBER: 03104961)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2015

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.15 30.9.14
value: £    £   
2 Ordinary shares 1 2 2

Page 5