Pascoe & Tew Associates Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 07485115 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2014

for

Pascoe & Tew Associates Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mr A J Pascoe

REGISTERED OFFICE:

The Knowle

Corry Road

Hindhead

Surrey

GU26 6PB

REGISTERED NUMBER:

07485115 (England and Wales)

ACCOUNTANTS:

Wilson Partners Limited

Chartered Accountants

5a Frascati Way

Maidenhead

Berkshire

SL6 4UY

FIXED ASSETS

Tangible assets

2

3,844

-

CURRENT ASSETS

Debtors

1,039

23,025

Cash at bank

51,753

157,512

52,792

180,537

CREDITORS

Amounts falling due within one year

(66,748

)

(56,731

)

NET CURRENT (LIABILITIES)/ASSETS

(13,956

)

123,806

TOTAL ASSETS LESS CURRENT LIABILITIES

(10,112

)

123,806

PROVISIONS FOR LIABILITIES

(769

)

-

NET (LIABILITIES)/ASSETS

(10,881

)

123,806

CAPITAL AND RESERVES

Called up share capital

3

102

2

Profit and loss account

(10,983

)

123,804

SHAREHOLDERS' FUNDS

(10,881

)

123,806

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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 5 August 2014 and were signed by:

Mr A J Pascoe - 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 April 2008).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax, except in respect of

service contracts where turnover is recognised when the company obtains the right to

consideration.

Tangible fixed assets

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

Fixtures and fittings

-

25% on cost

Computer equipment

-

33% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed

at the balance sheet date, where transactions or events that result in an obligation to pay more or a

right to pay less tax in the future have occurred by the balance sheet date with certain limited

expectations.

Deferred tax is calculated on an undiscounted basis at the tax rates that are expected to apply in the

periods in which the timing differences are expected to reverse, based on the tax rates and laws

enacted or substantively enacted at the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

4,849

At 31 March 2014

4,849

DEPRECIATION

Charge for year

1,005

At 31 March 2014

1,005

NET BOOK VALUE

At 31 March 2014

3,844

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.14

31.3.13

value:

£

£

2

Ordinary

£1

2

2

1

S Ordinary

£100

100

-

102

2

1 S Ordinary share of £100 was allotted and fully paid for cash at par during the year.