PA Spectacles Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 06873426 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 July 2015

for

PA Spectacles Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

to

3

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mr P Abraham

REGISTERED OFFICE:

13 Huddersfield Road

Barnsley

South Yorkshire

S70 2LW

REGISTERED NUMBER:

06873426 (England and Wales)

ACCOUNTANTS:

Harris & Co. Chartered Accountants

13 Huddersfield Road

Barnsley

South Yorkshire

S70 2LW

FIXED ASSETS

Tangible assets

2

12,603

3,350

CURRENT ASSETS

Stocks

70,720

48,535

Debtors

6,658

10,309

Cash at bank

1,383

3,258

78,761

62,102

CREDITORS

Amounts falling due within one year

79,903

70,894

NET CURRENT LIABILITIES

(1,142

)

(8,792

)

TOTAL ASSETS LESS CURRENT LIABILITIES

11,461

(5,442

)

CAPITAL AND RESERVES

Called up share capital

3

1

1

Profit and loss account

11,460

(5,443

)

SHAREHOLDERS' FUNDS

11,461

(5,442

)

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

The members have not required the Company to obtain an audit of its financial statements for the year ended 31 July 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 3 November 2016 and were signed by:

Mr P Abraham - 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 amounts earned on goods and services provided during the year and derives from

the provision of goods and services falling within the company's ordinary activities.

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

-

15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete

and slow moving items.

Deferred tax

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

balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2014

7,113

Additions

11,456

At 31 July 2015

18,569

DEPRECIATION

At 1 August 2014

3,763

Charge for year

2,203

At 31 July 2015

5,966

NET BOOK VALUE

At 31 July 2015

12,603

At 31 July 2014

3,350

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

1

Ordinary

£1

1

1