Paveprime Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 02374216 (England and Wales)

Abbreviated Accounts for the Year Ended 30 April 2016

for

Paveprime Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

S D Stead

SECRETARY:

Mrs C Stead

REGISTERED OFFICE:

35 Downs Court Road

Purley

Surrey

CR8 1BF

REGISTERED NUMBER:

02374216 (England and Wales)

ACCOUNTANTS:

Uppal & Warr

Chartered Accountants

452 Manchester Road

Heaton Chapel

Stockport

SK4 5DL

FIXED ASSETS

Tangible assets

2

10,984

14,312

CURRENT ASSETS

Stocks

19,380

19,175

Debtors

49,452

21,727

Cash at bank

-

12,317

68,832

53,219

CREDITORS

Amounts falling due within one year

62,466

50,378

NET CURRENT ASSETS

6,366

2,841

TOTAL ASSETS LESS CURRENT LIABILITIES

17,350

17,153

CAPITAL AND RESERVES

Called up share capital

3

500

500

Profit and loss account

16,850

16,653

SHAREHOLDERS' FUNDS

17,350

17,153

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 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 25 January 2017 and were signed by:

S D Stead - 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

-

at variable rates on reducing balance

Motor vehicles

-

25% on reducing balance

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 May 2015

37,661

Additions

324

At 30 April 2016

37,985

DEPRECIATION

At 1 May 2015

23,349

Charge for year

3,652

At 30 April 2016

27,001

NET BOOK VALUE

At 30 April 2016

10,984

At 30 April 2015

14,312

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.16

30.4.15

value:

£

£

100

Ordinary

£1

100

100

100

B Shares

£1

100

100

100

C Shares

£1

100

100

100

D Shares

£1

100

100

100

E Shares

£1

100

100

500

500