Platinum Automated Entries Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 04534643 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2014

for

Platinum Automated Entries Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Accountants' Report

6

DIRECTOR:

D A Edgerley

SECRETARY:

D A Edgerley

REGISTERED OFFICE:

St Georges Court

Winnington Avenue

Northwich

Cheshire

CW8 4EE

REGISTERED NUMBER:

04534643 (England and Wales)

ACCOUNTANTS:

Bennett Brooks & Co Limited

Chartered Accountants

St George's Court

Winnington Avenue

Northwich

Cheshire

CW8 4EE

FIXED ASSETS

Tangible assets

2

80,627

85,095

CURRENT ASSETS

Stocks

875

2,500

Debtors

7,782

12,575

Cash at bank

732

681

9,389

15,756

CREDITORS

Amounts falling due within one year

3

32,422

47,527

NET CURRENT LIABILITIES

(23,033

)

(31,771

)

TOTAL ASSETS LESS CURRENT LIABILITIES

57,594

53,324

CREDITORS

Amounts falling due after more than one year

3

(35,223

)

(39,674

)

PROVISIONS FOR LIABILITIES

(1,557

)

(2,112

)

NET ASSETS

20,814

11,538

CAPITAL AND RESERVES

Called up share capital

4

2

2

Profit and loss account

20,812

11,536

SHAREHOLDERS' FUNDS

20,814

11,538

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 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 1 October 2014 and were signed by:

D A Edgerley - 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

2% on cost

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

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.

HIRE PURCHASE AND LEASING COMMITMENTS

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

and 31 March 2014

105,127

DEPRECIATION

At 1 April 2013

20,032

Charge for year

4,468

At 31 March 2014

24,500

NET BOOK VALUE

At 31 March 2014

80,627

At 31 March 2013

85,095

3.

CREDITORS

Creditors include an amount of £ 39,529 (2013 - £ 45,027 ) for which security has been given.

They also include the following debts falling due in more than five years:

2014

2013

£

£

Repayable by instalments

21,063

24,607

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

2

Ordinary

£1

2

2

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 five)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Platinum Automated Entries Limited for the year ended 31 March 2014 which comprise the

Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from

information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject

to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the director of Platinum Automated Entries Limited in accordance with our terms of

engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Platinum

Automated Entries Limited and state those matters that we have agreed to state to the director of Platinum Automated

Entries Limited in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent

permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our

work or for this report.

It is your duty to ensure that Platinum Automated Entries Limited has kept adequate accounting records and to prepare

statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of

Platinum Automated Entries Limited. You consider that Platinum Automated Entries Limited is exempt from the

statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Platinum Automated Entries

Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and

explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Bennett Brooks & Co Limited

Chartered Accountants

St George's Court

Winnington Avenue

Northwich

Cheshire

CW8 4EE

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