St. Patricks Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 06508837 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2016

FOR

ST. PATRICKS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

P Mcmenamin

SECRETARY:

Mrs O Mcmenamin

REGISTERED OFFICE:

C/o Parkar Accountants

19/21 Hatchett Street

Hockley

Birmingham

West Midlands

B19 3NX

REGISTERED NUMBER:

06508837 (England and Wales)

ACCOUNTANTS:

Parkar Accountants

19/21 Hatchett Street

Hockley

Birmingham

West Midlands

B19 3NX

FIXED ASSETS

Tangible assets

2

5,042

2,270

CURRENT ASSETS

Stocks

6,975

6,865

Debtors

753

753

Cash at bank and in hand

6,904

6,078

14,632

13,696

CREDITORS

Amounts falling due within one year

8,998

9,192

NET CURRENT ASSETS

5,634

4,504

TOTAL ASSETS LESS CURRENT LIABILITIES

10,676

6,774

CREDITORS

Amounts falling due after more than one year

19,000

19,000

NET LIABILITIES

(8,324

)

(12,226

)

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

(8,424

)

(12,326

)

SHAREHOLDERS' FUNDS

(8,324

)

(12,226

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 30 January 2017 and were signed by:

P Mcmenamin - 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 & equipment

-

20% 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 July 2015

8,337

Additions

4,033

At 30 June 2016

12,370

DEPRECIATION

At 1 July 2015

6,067

Charge for year

1,261

At 30 June 2016

7,328

NET BOOK VALUE

At 30 June 2016

5,042

At 30 June 2015

2,270

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

100

Ordinary

£1

100

100