PREVIEW_DESIGNS_LIMITED - Accounts

PREVIEW DESIGNS LIMITED - Company Information

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Company Registration No. 04797107 (England and Wales)

PREVIEW DESIGNS LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2015

PREVIEW DESIGNS LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

PREVIEW DESIGNS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 OCTOBER 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

3,005

4,007

Current assets

Debtors

14,943

4,095

Cash at bank and in hand

24,034

30,434

38,977

34,529

Creditors: amounts falling due within one year

(41,607)

(37,489)

Net current liabilities

(2,630)

(2,960)

Total assets less current liabilities

375

1,047

Capital and reserves

Called up share capital

Profit and loss account

285

957

Shareholders' funds

375

1,047

PREVIEW DESIGNS LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 OCTOBER 2015

- 2 -

For the financial year ended 31 October 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 25 July 2016

Mr J P Burton

Director

Company Registration No. 04797107

PREVIEW DESIGNS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2015

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

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

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

25% Reducing Balance

Fixtures, fittings & equipment

25% Reducing Balance

1.5

Deferred taxation

Deferred tax is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes.

PREVIEW DESIGNS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 OCTOBER 2015

- 4 -

Fixed assets

Tangible assets

Cost

At 1 November 2014 & at 31 October 2015

18,723

Depreciation

At 1 November 2014

14,716

Charge for the year

1,002

At 31 October 2015

15,718

Net book value

At 31 October 2015

3,005

At 31 October 2014

4,007

Share capital

2015

2014

Allotted, called up and fully paid

30 Ordinary A shares of £1 each

30 Ordinary C shares of £1 each

30 Ordinary D shares of £1 each

The shares of the company rank pari passu in all respects.