Potshots Ltd,Ltd - Accounts

Potshots Ltd,Ltd - Accounts

POTSHOTS LTD - Company Information

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2013-03-01 true false Private Limited Company 07463688 2014-02-28 07463688 2013-03-01 2014-02-28 07463688 2013-02-28 07463688 2012-03-01 2013-02-28 07463688 uk-bus:Director1 2013-03-01 2014-02-28 07463688 uk-bus:Director2 2013-03-01 2014-02-28 07463688 uk-gaap:FixturesFittings 2013-03-01 2014-02-28 07463688 uk-bus:OrdinaryShareClass1 2014-02-28 iso4217:GBP
Potshots Ltd
For the year ended 28 February 2014
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 07463688
2
Contents Page
Potshots Ltd
For the year ended 28 February 2014
1
Balance Sheet
2 to 3
Notes to the Abbreviated Financial Statements
3
Abbreviated Balance Sheet
Potshots Ltd
As at 28 February 2014
07463688
Registered Number :
£
£
2014
Notes
2013
Fixed assets
Tangible assets
2
17,674
19,993
17,674
19,993
Current assets
Debtors
-
1,030
Cash at bank and in hand
16,522
16,718
17,552
16,718
Creditors: amounts falling due within one year
(35,965)
(34,927)
(19,247)
(17,375)
Net current liabilities
Total assets less current liabilities
299
746
299
Net assets
746
Capital and reserves
Called up share capital
2
3
2
Profit and loss account
297
744
299
746
Shareholders funds
For the year ended 28 February 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476,
2) 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.
Date approved by the board: 30 September 2014
D.G. Murphy Director
Signed on behalf of the board of directors
I. De Abreu Director
1 of 3
4
Notes to the Abbreviated Financial Statements
Potshots Ltd
For the year ended 28 February 2014
1 Accounting Policies
Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Dividends
Proposed dividends are only included as liabilities in the financial statements when their payment has been
approved by the shareholders prior to the balance sheet date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings
15 Reducing balance
2 Tangible fixed assets
Tangible
fixed assets
Cost or valuation
£
27,372
At 01 March 2013
800
Additions
At 28 February 2014
28,172
Depreciation
7,379
At 01 March 2013
3,119
Charge for year
10,498
At 28 February 2014
Net book values
At 28 February 2014
17,674
19,993
At 28 February 2013
3 Share capital
Authorised
1,000 Class A shares of £1.00 each
2 of 3
5
Notes to the Abbreviated Financial Statements
Potshots Ltd
For the year ended 28 February 2014
Allotted called up and fully paid
2014
2013
£
£
2 Class A shares of £1.00 each
2
2
2
2
3 of 3