Abbreviated Company Accounts - P.A.F.G. LIMITED

Abbreviated Company Accounts - P.A.F.G. LIMITED

P.A.F.G. LIMITED - Company Information

Print Friendly Version

Registered Number 06285321

P.A.F.G. LIMITED

Abbreviated Accounts

31 May 2016

P.A.F.G. LIMITED Registered Number 06285321

Abbreviated Balance Sheet as at 31 May 2016

Notes 2016 2015
£ £
Fixed assets
Intangible assets 2 410,706 433,523
Tangible assets 3 60,804 59,918
Investments 4 103 103
471,613 493,544
Current assets
Stocks 37,052 31,109
Debtors 154,309 135,269
Cash at bank and in hand 69,933 91,847
261,294 258,225
Creditors: amounts falling due within one year (142,022) (145,330)
Net current assets (liabilities) 119,272 112,895
Total assets less current liabilities 590,885 606,439
Creditors: amounts falling due after more than one year (1,354) (5,418)
Accruals and deferred income (17,343) (13,028)
Total net assets (liabilities) 572,188 587,993
Capital and reserves
Called up share capital 5 50,004 50,004
Share premium account 87,500 87,500
Profit and loss account 434,684 450,489
Shareholders' funds 572,188 587,993
  • For the year ending 31 May 2016 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 13 October 2016

And signed on their behalf by:
T Warner, Director

P.A.F.G. LIMITED Registered Number 06285321

Notes to the Abbreviated Accounts for the period ended 31 May 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover policy
Turnover comprises the invoiced value of services and supplies by the company, net of value added tax as adjusted for revenue recognised in advance.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual values, over their expected useful lives on the following bases:
Plant and machinery 25% reducing balance basis

Intangible assets amortisation policy
Intangible assets
Intangible fixed assets are stated at cost less depreciation. Depreciation is provided on a 5% straight line basis.

2Intangible fixed assets
£
Cost
At 1 June 2015 570,420
Additions -
Disposals -
Revaluations -
Transfers -
At 31 May 2016 570,420
Amortisation
At 1 June 2015 136,897
Charge for the year 22,817
On disposals -
At 31 May 2016 159,714
Net book values
At 31 May 2016 410,706
At 31 May 2015 433,523
3Tangible fixed assets
£
Cost
At 1 June 2015 131,835
Additions 25,890
Disposals (4,298)
Revaluations -
Transfers -
At 31 May 2016 153,427
Depreciation
At 1 June 2015 71,917
Charge for the year 24,239
On disposals (3,533)
At 31 May 2016 92,623
Net book values
At 31 May 2016 60,804
At 31 May 2015 59,918

4Fixed assets Investments
2016 2015
Shares in dormant companies:-
Anglia Fire Protection Ltd - 2 ordinary shares of £1 each 2 2
Plankirk Ltd - 100 ordinary shares of £1 each 100 100
Anglia Fire Alarms Limited - 1 ordinary share of £1 each 1 1
103 103

5Called Up Share Capital
Allotted, called up and fully paid:
2016
£		 2015
£
50,000 Ordinary shares of £1 each 50,000 50,000
1 A Ordinary share of £1 each 1 1
1 B Ordinary share of £1 each 1 1
2 C Ordinary shares of £1 each 2 2