Paddox Associates Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 06299819 (England and Wales)

Paddox Associates Limited

Abbreviated Unaudited Accounts

for the Year Ended 30 June 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

to

3

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mr K Thomas

SECRETARY:

Mrs H J Thomas

REGISTERED OFFICE:

The Byre

Moreton Paddox

Moreton Morrell

Warwickshire

CV35 9BS

REGISTERED NUMBER:

06299819 (England and Wales)

FIXED ASSETS

Tangible assets

2

151

835

CURRENT ASSETS

Debtors

14,994

19,634

Cash at bank

9,622

796

24,616

20,430

CREDITORS

Amounts falling due within one year

9,027

16,150

NET CURRENT ASSETS

15,589

4,280

TOTAL ASSETS LESS CURRENT
LIABILITIES

15,740

5,115

PROVISIONS FOR LIABILITIES

-

4,950

NET ASSETS

15,740

165

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

15,640

65

SHAREHOLDERS' FUNDS

15,740

165

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2016 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 29 November 2016 and were signed by:

Mr K Thomas - 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 services, 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 etc

-

33% on cost and 25% on reducing balance

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2015

and 30 June 2016

5,342

DEPRECIATION

At 1 July 2015

4,507

Charge for year

684

At 30 June 2016

5,191

NET BOOK VALUE

At 30 June 2016

151

At 30 June 2015

835

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

100

Ordinary

1

100

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the year end the company owed the director K Thomas £ 6,292 (2015: £11,588).