PAILEBOTE_LIMITED - Accounts

PAILEBOTE LIMITED - Company Information

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Company Registration No. 08372797 (England and Wales)

PAILEBOTE LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2013

PAILEBOTE LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

PAILEBOTE LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2013

- 1 -

2013

Notes

Current assets

Stocks

5,317

Cash at bank and in hand

3,039

8,356

Creditors: amounts falling due within one year

(14,989)

Total assets less current liabilities

(6,633)

Capital and reserves

Called up share capital

Profit and loss account

(6,643)

Shareholders' funds

(6,633)

For the financial Period ended 31 December 2013 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The member has not required the company to obtain an audit of its financial statements for the Period in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 26 October 2014

P A C Purdon

Director

Company Registration No. 08372797

PAILEBOTE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 31 DECEMBER 2013

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The directors have indicated their continued support and are expecting the company to return to profit in the foreseeable future.

On that basis the accounts have been prepared on the going concern basis.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Stock

Stock is valued at the lower of cost and net realisable value.

1.5

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

1.6

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

Share capital

2013

Allotted, called up and fully paid

10 Ordinary shares of £1 each