Perfect Price Pawnbrokers Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 07192088 (England and Wales)

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2014

FOR

Perfect Price Pawnbrokers Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Report of the Accountants

4

DIRECTOR:

Mrs R Talwar

REGISTERED OFFICE:

299a

Bethnal Green Road

London

E2 6AH

REGISTERED NUMBER:

07192088 (England and Wales)

ACCOUNTANTS:

Shahidullah & Co

Chartered Certified Accountants

299A Bethnal Green Road

London

E2 6AH

FIXED ASSETS

Tangible assets

2

2,743

3,932

CURRENT ASSETS

Stocks

45,126

33,565

Cash at bank and in hand

47,542

3,543

92,668

37,108

CREDITORS

Amounts falling due within one year

69,231

62,450

NET CURRENT ASSETS/(LIABILITIES)

23,437

(25,342

)

TOTAL ASSETS LESS CURRENT LIABILITIES

26,180

(21,410

)

CREDITORS

Amounts falling due after more than one year

57,000

-

NET LIABILITIES

(30,820

)

(21,410

)

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

(30,920

)

(21,510

)

SHAREHOLDERS' FUNDS

(30,820

)

(21,410

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 23 October 2014 and were signed by:

Mrs R Talwar - 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 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.

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 April 2013

6,554

Additions

152

At 31 March 2014

6,706

DEPRECIATION

At 1 April 2013

2,622

Charge for year

1,341

At 31 March 2014

3,963

NET BOOK VALUE

At 31 March 2014

2,743

At 31 March 2013

3,932

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.14

31.3.13

value:

£

£

100

Ordinary

1

100

100

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to three)

have been prepared.

As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended

31 March 2014 set out on pages nil to nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to

fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Shahidullah & Co

Chartered Certified Accountants

299A Bethnal Green Road

London

E2 6AH

Date: .............................................