Abbreviated Company Accounts - P.M. BAILEY LTD

Registered Number 08315002

P.M. BAILEY LTD

Abbreviated Accounts

31 March 2016

P.M. BAILEY LTD Registered Number 08315002

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Intangible assets	2	96,233	111,480
Tangible assets	3	8,743	1,567
		104,976	113,047
Current assets
Debtors		85,513	48,332
Cash at bank and in hand		2,531	29,288
		88,044	77,620
Creditors: amounts falling due within one year		(174,401)	(180,936)
Net current assets (liabilities)		(86,357)	(103,316)
Total assets less current liabilities		18,619	9,731
Creditors: amounts falling due after more than one year		(11,583)	-
Provisions for liabilities		-	(1,875)
Total net assets (liabilities)		7,036	7,856
Capital and reserves
Called up share capital		10	10
Profit and loss account		7,026	7,846
Shareholders' funds		7,036	7,856

For the year ending 31 March 2016 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 13 July 2016

And signed on their behalf by:
P Bailey, Director

P.M. BAILEY LTD Registered Number 08315002

Notes to the Abbreviated Accounts for the period ended 31 March 2016

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 net invoiced sale of goods and services excluding value added tax

2Intangible fixed assets

	£
Cost
At 1 April 2015	142,476
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	142,476
Amortisation
At 1 April 2015	30,996
Charge for the year	15,247
On disposals	-
At 31 March 2016	46,243
Net book values
At 31 March 2016	96,233
At 31 March 2015	111,480

3Tangible fixed assets

	£
Cost
At 1 April 2015	3,135
Additions	9,950
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	13,085
Depreciation
At 1 April 2015	1,568
Charge for the year	2,774
On disposals	-
At 31 March 2016	4,342
Net book values
At 31 March 2016	8,743
At 31 March 2015	1,567