Papa Building Services Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 08672487 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2015

FOR

PAPA BUILDING SERVICES LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

E Raugevicius

SECRETARY:

E Raugevicius

REGISTERED OFFICE:

Martland Mill

Mart Lane

Burscough

Ormskirk

Lancashire

L40 0SD

REGISTERED NUMBER:

08672487 (England and Wales)

ACCOUNTANTS:

Beaumont & Co

Suite 5

Martland Mill

Mart Lane

Burscough

Lancashire

L40 0SD

FIXED ASSETS

Tangible assets

2

3,793

4,462

CURRENT ASSETS

Stocks

11,500

12,000

Cash at bank

2,012

687

13,512

12,687

CREDITORS

Amounts falling due within one year

11,086

12,897

NET CURRENT ASSETS/(LIABILITIES)

2,426

(210

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

6,219

4,252

CAPITAL AND RESERVES

Called up share capital

3

1

Profit and loss account

6,218

4,251

SHAREHOLDERS' FUNDS

6,219

4,252

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 director acknowledges his 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 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 director on 28 April 2016 and were signed by:

E Raugevicius - Director

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 January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

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

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2014

and 30 September 2015

5,250

DEPRECIATION

At 1 October 2014

788

Charge for year

669

At 30 September 2015

1,457

NET BOOK VALUE

At 30 September 2015

3,793

At 30 September 2014

4,462

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.15

30.9.14

value:

£

1

Ordinary

1