PAUL MATTHEWS LIMITED - Abbreviated accounts

PAUL MATTHEWS LIMITED - Company Information

Registered number

01695035

PAUL MATTHEWS LIMITED

ABBREVIATED ACCOUNTS

30 APRIL 2016

PAUL MATTHEWS LIMITED

ABBREVIATED BALANCE SHEET

as at 30 April 2016
Company Registration No.		01695035


Notes				2016			2015
£					£
Fixed assets
Tangible assets		2		740,180			549,785

Current assets
Debtors			326			1,403
Investments held as current assets			180,000			180,000
Cash at bank and in hand			47,699			35,306
			228,025			216,709

Creditors: amounts falling due within one year			(9,756)			(5,023)

Net current assets				218,269			211,686

Total assets less current liabilities				958,449			761,471

Creditors: amounts falling due after more than one year				(149,538)			(149,561)


Net assets				808,911			611,910

Capital and reserves
Called up share capital		3		2			2
Revaluation reserve				371,560			141,494
Profit and loss account				437,349			470,414

Shareholders' funds				808,911			611,910

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.

Directors' responsibilities:
-	The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-	The directors acknowledge their responsibilities for complying with the requirements of the act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime within Part 15 of the Companies Act 2006 and with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Approved by the board on 25 January 2017

………………………………………
Paul Matthew Potter
Director

PAUL MATTHEWS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2016


1	Accounting policies

	Basis of preparation
	The accounts 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 the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:

	Fixtures, fittings and equipment			25% Reducing balance

	Deferred taxation
	Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.


2	Tangible fixed assets					£

	Cost
	At 1 May 2015					550,233
	Surplus on revaluation					230,019
	Disposals					(39,564)
	At 30 April 2016					740,688

	Depreciation
	At 1 May 2015					448
	Charge for the year					60
	At 30 April 2016					508

	Net book value
	At 30 April 2016					740,180
	At 30 April 2015					549,785


3	Share capital	Nominal		2016		2016		2015
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		2		2		2