Pagwood Developments Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 04747307 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 April 2016

for

Pagwood Developments Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

J Caird

Mrs S E M Caird

Dr H A Caird

REGISTERED OFFICE:

Pagwood

Long Barn Road

Weald

Kent

TN14 6NJ

REGISTERED NUMBER:

04747307 (England and Wales)

ACCOUNTANT:

Douglas Home & Co Limited

St Dunstans House

High Street

Melrose

Borders

TD6 9RU

FIXED ASSETS

Tangible assets

2

2,089

-

CURRENT ASSETS

Debtors

1,573

952

Cash at bank

29,296

45,911

30,869

46,863

CREDITORS

Amounts falling due within one year

5,479

6,474

NET CURRENT ASSETS

25,390

40,389

TOTAL ASSETS LESS CURRENT
LIABILITIES

27,479

40,389

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

27,379

40,289

SHAREHOLDERS' FUNDS

27,479

40,389

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 4 January 2017 and were signed on its behalf by:

J Caird - Director

Mrs S E M Caird - Director

Dr H A Caird - 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.

Fixtures and fittings

-

20% on cost

Computer equipment

-

25% on cost

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 May 2015

725

Additions

2,579

At 30 April 2016

3,304

DEPRECIATION

At 1 May 2015

725

Charge for year

490

At 30 April 2016

1,215

NET BOOK VALUE

At 30 April 2016

2,089

At 30 April 2015

-

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30/4/16

30/4/15

value:

£

100

Ordinary

1

100

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2016 and

30 April 2015:

30/4/16

30/4/15

£

J Caird

Balance outstanding at start of year

952

(2,022

)

Amounts advanced

13,305

43,049

Amounts repaid

(12,684

)

(40,075

)

Balance outstanding at end of year

1,573

952