Paella Ink Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 07874790 (England and Wales)

Abbreviated Accounts

for the Year Ended 31 December 2015

for

Paella Ink Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

J Weeks

SECRETARY:

REGISTERED OFFICE:

37A Bates Road

Brighton

BN1 6PF

REGISTERED NUMBER:

07874790 (England and Wales)

ACCOUNTANT:

Will Taylor Limited

4th Floor

International House

Queens Road

Brighton

East Sussex

BN1 3XE

FIXED ASSETS

Tangible assets

2

12,894

15,456

CURRENT ASSETS

Cash at bank

270

-

CREDITORS

Amounts falling due within one year

6,423

5,963

NET CURRENT LIABILITIES

(6,153

)

(5,963

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

6,741

9,493

CREDITORS

Amounts falling due after more than one
year

5,710

7,927

NET ASSETS

1,031

1,566

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

931

1,466

SHAREHOLDERS' FUNDS

1,031

1,566

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 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 30 September 2016 and were signed by:

J Weeks - 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.

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% reducing balance

Motor vehicles

-

20% on reducing balance

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment.

Taxation

Current tax is provided at amounts expected to be paid (or recovered) using the tax rates and laws that have been

enacted or substantively enacted by the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

24,549

Additions

828

At 31 December 2015

25,377

DEPRECIATION

At 1 January 2015

9,093

Charge for year

3,390

At 31 December 2015

12,483

NET BOOK VALUE

At 31 December 2015

12,894

At 31 December 2014

15,456

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.15

31.12.14

value:

£

100

Ordinary

£1

100