Abbreviated Company Accounts - PACKFORDS LIMITED

Registered Number 04573438

PACKFORDS LIMITED

Abbreviated Accounts

31 January 2014

PACKFORDS LIMITED Registered Number 04573438

Abbreviated Balance Sheet as at 31 January 2014

	Notes	2014	2013
		£	£
Fixed assets
Intangible assets	2	30,000	30,000
Tangible assets	3	210,279	218,057
		240,279	248,057
Current assets
Stocks		2,497	2,270
Debtors		28,354	27,534
Cash at bank and in hand		-	22,074
		30,851	51,878
Creditors: amounts falling due within one year		(54,628)	(63,007)
Net current assets (liabilities)		(23,777)	(11,129)
Total assets less current liabilities		216,502	236,928
Creditors: amounts falling due after more than one year		(212,891)	(229,954)
Total net assets (liabilities)		3,611	6,974
Capital and reserves
Called up share capital		1,000	1,000
Profit and loss account		2,611	5,974
Shareholders' funds		3,611	6,974

For the year ending 31 January 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 29 October 2014

And signed on their behalf by:
D A Packford, Director

PACKFORDS LIMITED Registered Number 04573438

Notes to the Abbreviated Accounts for the period ended 31 January 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents amounts invoiced during the year exclusive of Value Added Tax.

Tangible assets depreciation policy
L/Term Leasehold 50 years
Plant and Machinery 20% reducing balance

Intangible assets amortisation policy
Goodwill is written off over the estimated useful economic life

2Intangible fixed assets

	£
Cost
At 1 February 2013	120,000
Additions	0
Disposals	0
Revaluations	0
Transfers	0
At 31 January 2014	120,000
Amortisation
At 1 February 2013	90,000
Charge for the year	0
On disposals	0
At 31 January 2014	90,000
Net book values
At 31 January 2014	30,000
At 31 January 2013	30,000

3Tangible fixed assets

	£
Cost
At 1 February 2013	356,725
Additions	0
Disposals	0
Revaluations	0
Transfers	0
At 31 January 2014	356,725
Depreciation
At 1 February 2013	138,668
Charge for the year	7,778
On disposals	-
At 31 January 2014	146,446
Net book values
At 31 January 2014	210,279
At 31 January 2013	218,057