PINK_PIXIE_PARTIES_LTD - Accounts

PINK PIXIE PARTIES LTD - Company Information

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Company Registration No. 09366816 (England and Wales)

PINK PIXIE PARTIES LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2015

PINK PIXIE PARTIES LTD

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

PINK PIXIE PARTIES LTD

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2015

- 1 -

2015

Notes

Fixed assets

Tangible assets

6,648

Current assets

Stocks

100

Cash at bank and in hand

5,999

6,099

Creditors: amounts falling due within one year

(8,733)

Net current liabilities

(2,634)

Total assets less current liabilities

4,014

Provisions for liabilities

(1,330)

2,684

Capital and reserves

Called up share capital

Profit and loss account

2,683

Shareholder's funds

2,684

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

Director's responsibilities:

The member has not required the company to obtain an audit of its financial statements for the Period in question in accordance with section 476;

The director acknowledges her 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 31 March 2016

Miss R E Lane

Director

Company Registration No. 09366816

PINK PIXIE PARTIES LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 31 DECEMBER 2015

- 2 -

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:

Costumes and clothing

50 % straight line

Fixtures, fittings & equipment

25 % reducing balance

1.5

Stock

Stock is valued at the lower of cost and net realisable value.

1.6

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

Fixed assets

Tangible assets

Cost

At 24 December 2014

Additions

11,838

At 31 December 2015

11,838

Depreciation

At 24 December 2014

Charge for the period

5,190

At 31 December 2015

5,190

Net book value

At 31 December 2015

6,648

PINK PIXIE PARTIES LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE PERIOD ENDED 31 DECEMBER 2015

- 3 -

Share capital

2015

Allotted, called up and fully paid

1 Ordinary of £1 each

During the period 1 ordinary share of £1 each was allotted and fully paid at par for cash consideration to provide additional working capital.