Abbreviated Company Accounts - PAMELA YATES LIMITED

Abbreviated Company Accounts - PAMELA YATES LIMITED

PAMELA YATES LIMITED - Company Information

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Registered Number 07131269

PAMELA YATES LIMITED

Abbreviated Accounts

31 January 2014

PAMELA YATES LIMITED Registered Number 07131269

Abbreviated Balance Sheet as at 31 January 2014

Notes 2014 2013
£ £
Fixed assets
Intangible assets 2 1,975 3,950
Tangible assets 3 493 408
2,468 4,358
Current assets
Stocks 1,570 770
Debtors 510 -
Cash at bank and in hand 1,719 -
3,799 770
Creditors: amounts falling due within one year (5,103) (3,157)
Net current assets (liabilities) (1,304) (2,387)
Total assets less current liabilities 1,164 1,971
Creditors: amounts falling due after more than one year (8,000) (8,000)
Total net assets (liabilities) (6,836) (6,029)
Capital and reserves
Called up share capital 100 100
Profit and loss account (6,936) (6,129)
Shareholders' funds (6,836) (6,029)
  • For the year ending 31 January 2014 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 8 October 2014

And signed on their behalf by:
P Yates, Director

PAMELA YATES LIMITED Registered Number 07131269

Notes to the Abbreviated Accounts for the period ended 31 January 2014

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 sales of goods, excluding value added tax.

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

Fixtures and fittings 20% Net realisable value
Computer equipments 20% Net realisable value

Intangible assets amortisation policy
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of five years.

2Intangible fixed assets
£
Cost
At 1 February 2013 9,875
Additions -
Disposals -
Revaluations -
Transfers -
At 31 January 2014 9,875
Amortisation
At 1 February 2013 5,925
Charge for the year 1,975
On disposals -
At 31 January 2014 7,900
Net book values
At 31 January 2014 1,975
At 31 January 2013 3,950
3Tangible fixed assets
£
Cost
At 1 February 2013 798
Additions 208
Disposals -
Revaluations -
Transfers -
At 31 January 2014 1,006
Depreciation
At 1 February 2013 390
Charge for the year 123
On disposals -
At 31 January 2014 513
Net book values
At 31 January 2014 493
At 31 January 2013 408