Paul Midgley (Plasterers) Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 04929254

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2016

for

Paul Midgley (Plasterers) Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mr Paul Midgley

REGISTERED OFFICE:

34 Wayfarers Way

Swinton

Manchester

M27 5UZ

REGISTERED NUMBER:

04929254

ACCOUNTANTS:

Mike Egan & Co

Chartered Accountants

168 Lee Lane

Horwich

Bolton

Lancashire

BL6 7AF

FIXED ASSETS

Intangible assets

2

-

Tangible assets

3

166

221

166

221

CURRENT ASSETS

Debtors

63,178

46,709

Cash at bank

10,671

17,761

73,849

64,470

CREDITORS

Amounts falling due within one year

(73,210

)

(62,910

)

NET CURRENT ASSETS

639

1,560

TOTAL ASSETS LESS CURRENT
LIABILITIES

805

1,781

CAPITAL AND RESERVES

Called up share capital

4

1

Profit and loss account

804

1,780

SHAREHOLDERS' FUNDS

805

1,781

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 7 July 2016 and were signed by:

Mr Paul Midgley - 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of nine years.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

27,000

AMORTISATION

At 1 April 2015

and 31 March 2016

27,000

NET BOOK VALUE

At 31 March 2016

-

At 31 March 2015

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

890

DEPRECIATION

At 1 April 2015

669

Charge for year

55

At 31 March 2016

724

NET BOOK VALUE

At 31 March 2016

166

At 31 March 2015

221

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

1

Ordinary

£1

1

5.	RELATED PARTY DISCLOSURES

During the year, total dividends of £25,000 (2015 - £27,650) were paid to the director .

Included in creditors is an amount of £25454 owed to the directors