Accounts filed on 30-04-2016

Accounts filed on 30-04-2016

PAYNE CORPORATIONS LTD - Company Information

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PAYNE CORPORATIONS LTD

Company Registration Number:
08975750 (England and Wales)

Report of the Directors and Unaudited Financial Statements

Period of accounts

Start date: 01 May 2015

End date: 30 April 2016

PAYNE CORPORATIONS LTD

Contents of the Financial Statements

for the Period Ended 30 April 2016

Company Information
Report of the Directors
Profit and Loss Account
Gains and Losses
Balance sheet
Notes to the Financial Statements

PAYNE CORPORATIONS LTD

Company Information

for the Period Ended 30 April 2016




Director: Dorian Payne
Joseph Lane
Registered office: 139
Chepstow Road
Newport
Gwent
GB-WLS
NP19 8GE
Company Registration Number: 08975750 (England and Wales)

PAYNE CORPORATIONS LTD

Directors' Report Period Ended 30 April 2016

The directors present their report with the financial statements of the company for the period ended 30 April 2016

Directors
 The directors shown below have held office during the whole of the period from
01 May 2015 to 30 April 2016
Dorian Payne

The director(s) shown below were appointed to the company during the period
Joseph Lane on 25 April 2016

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on 01 August 2016
And Signed On Behalf Of The Board By:

Name: Dorian Payne
Status: Director

PAYNE CORPORATIONS LTD

Profit and Loss Account

for the Period Ended 30 April 2016


Notes
2016
£		 13 months to
30 Apr 2015
£
Turnover: 68,894 24,284
Cost of sales: ( 10,641 ) ( 10,364 )
Gross profit or (loss): 58,253 13,920
Administrative expenses: ( 52,598 ) ( 13,251 )
Operating profit or (loss): 5,655 669
Profit or (loss) on ordinary activities before taxation: 5,655 669
Profit or (loss) for the financial year: 5,655 669

The notes form part of these financial statements

PAYNE CORPORATIONS LTD

Statement of total recognised gains and losses

The company does not have any gains and losses other than Profit and Loss for the period to report

PAYNE CORPORATIONS LTD

Balance sheet

As at 30 April 2016


Notes
2016
£		 13 months to
30 Apr 2015
£
Fixed assets
Tangible assets: 2 3,371 1,054
Total fixed assets: 3,371 1,054
Current assets
Debtors: 500 327
Cash at bank and in hand: 2,554 694
Total current assets: 3,054 1,021
Creditors: amounts falling due within one year: ( 1,305 )
Net current assets (liabilities): 3,054 ( 284 )
Total assets less current liabilities: 6,425 770
Creditors: amounts falling due after more than one year: 0 0
Provision for liabilities: 0
Total net assets (liabilities): 6,425 770

The notes form part of these financial statements

PAYNE CORPORATIONS LTD

Balance sheet continued

As at 30 April 2016


Notes
2016
£		 13 months to
30 Apr 2015
£
Capital and reserves
Called up share capital: 3 100 100
Revaluation reserve: 0 0
Profit and loss account: 4 6,325 670
Shareholders funds: 6,425 770

For the year ending 30 April 2016 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements were approved by the Board of Directors on 01 August 2016

SIGNED ON BEHALF OF THE BOARD BY:

Name: Dorian Payne
Status: Director

The notes form part of these financial statements

PAYNE CORPORATIONS LTD

Notes to the Financial Statements

for the Period Ended 30 April 2016

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    the financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities 2015

    Turnover policy

    the turnover represents amounts receivable for goods and services net of VAT and trade discounts

    Tangible fixed assets depreciation policy

    depreciation is calculated at the following rates to write off the cost of an asset, less its residual value, over its estimated useful economic lifetime - annual deprecation of computer equipment is 25% of cost

PAYNE CORPORATIONS LTD

Notes to the Financial Statements

for the Period Ended 30 April 2016

  • 2. Tangible assets

    Land and buildings Plant and Machinery Fixtures and fittings Office Equipment Motor vehicles Total
    Cost £ £ £ £ £ £
    01 May 2015: - - - 1,054 - 1,054
    Additions: - - - 2,317 - 2,317
    Disposals: - - - 0 - 0
    Revaluations: - - - 0 - 0
    Transfers: - - - 0 - 0
    30 April 2016: - - - 3,371 - 3,371
    Depreciation
    01 May 2015: - - - 0 - 0
    Charge for year: - - - 0 - 0
    On disposals: - - - 0 - 0
    Other adjustments: - - - 0 - 0
    30 April 2016: - - - 0 - 0
    Net book value
    30 April 2016: - - - 3,371 - 3,371
    30 April 2015: - - - 1,054 - 1,054

PAYNE CORPORATIONS LTD

Notes to the Financial Statements

for the Period Ended 30 April 2016

  • 3. Called up share capital

    Allotted, called up and paid

    Previous period 13 months to
    30 Apr 2015
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 100 1.00 100
    Preference shares: 0 0.00 0
    Total share capital (£): 100
    Current period
    2016
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 100 1.00 100
    Preference shares: 0 0.00 0
    Total share capital (£): 100

PAYNE CORPORATIONS LTD

Notes to the Financial Statements

for the Period Ended 30 April 2016

  • 4. Profit and loss account


    2016
    £    		 13 months to
    30 Apr 2015
    £
    Opening balance: 670 1
    Profit or (loss) for the period: 5,655 669
    Retained profit: 6,325 670