PAUL HOUSTON DESIGN LIMITED - Abbreviated accounts

PAUL HOUSTON DESIGN LIMITED - Company Information

Registered number

08184353

PAUL HOUSTON DESIGN LIMITED

ABBREVIATED ACCOUNTS

31 AUGUST 2016

PAUL HOUSTON DESIGN LIMITED

ABBREVIATED BALANCE SHEET

as at 31 August 2016
Company Registration No.		08184353


Notes				2016			2015
£					£
Fixed assets
Tangible assets		2		5,490			7,698

Current assets
Debtors			15,048			915
Cash at bank and in hand			3,772			20,176
			18,820			21,091

Creditors: amounts falling due within one year			(23,416)			(21,030)

Net current (liabilities)/assets				(4,596)			61

Net assets				894			7,759

Capital and reserves
Called up share capital		3		100			100
Profit and loss account				794			7,659

Shareholder's funds				894			7,759

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.

Directors' responsibilities:
-	The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-	The directors acknowledge their responsibilities for complying with the requirements of the act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime within Part 15 of the Companies Act 2006 and with the Financial Reporting Standard for Smaller Entities (effective January 2015).


Approved by the board on 13 April 2017



………………………………………
Paul Liam Houston
Director

PAUL HOUSTON DESIGN LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2016


1	Accounting policies

	Basis of preparation
	The accounts 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 the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:

	Fixtures, fittings and equipment			20% straight line


	Deferred taxation
	Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.


2	Tangible fixed assets					£

	Cost
	At 1 September 2015					11,039
	At 31 August 2016					11,039

	Depreciation
	At 1 September 2015					3,341
	Charge for the year					2,208
	At 31 August 2016					5,549

	Net book value
	At 31 August 2016					5,490
	At 31 August 2015					7,698


3	Share capital	Nominal		2016		2016		2015
value			Number		£		£
	Allotted, called up and fully paid:
	A Ordinary shares	£1 each		50		50		-
	B Ordinary shares	£1 each		50		50		-
	Ordinary shares	£1 each		-		-		100

	A Ordinary shares and B Ordinary shares rank pari passu in all respects.