Pac Draughting Services Limited,Ltd - Accounts

PAC DRAUGHTING SERVICES LIMITED - Company Information

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Pac Draughting Services Limited

For the year ended 31 July 2016

Unaudited Abbreviated Report and Financial Statements

England and Wales

Registered Number: 02523547

Contents Page

Pac Draughting Services Limited

For the year ended 31 July 2016

Balance Sheet

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Notes to the Abbreviated Financial Statements

Abbreviated Balance Sheet

Pac Draughting Services Limited

As at 31 July 2016

02523547

Registered Number :

2016

Notes

2015

Fixed assets

Tangible assets

628

753

628

753

Current assets

Debtors

1,167

Cash at bank and in hand

7,961

8,896

7,961

10,063

Creditors: amounts falling due within one year

(9,793)

(8,209)

270

(248)

Net current liabilities

Total assets less current liabilities

380

1,023

380

Net assets

1,023

Capital and reserves

Called up share capital

Profit and loss account

378

1,021

380

1,023

Shareholders funds

For the year ended 31 July 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;

2) The director acknowledges his 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.

Date approved by the board: 25 April 2017

Mr Paul Anthony Cordwell Director

Signed on behalf of the board of directors

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Notes to the Abbreviated Financial Statements

Pac Draughting Services Limited

For the year ended 31 July 2016

1 Accounting Policies

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Deferred taxation

Deferred taxation arises when items are charged or credited in accounts in different periods to those in which they are included in the company's tax computations.Deferred tax is provided in full on timing differences that result in an obligation to pay more (or less) tax at a future date. Deferred tax is calculated at the average rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. The resulting deferred tax asset or liability is not discounted.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and Machinery

15% Reducing balance

Fixtures and Fittings

15% Reducing balance

2 Tangible fixed assets

Tangible fixed

assets

Cost or valuation

5,547

At 01 August 2015

At 31 July 2016

5,547

Depreciation

4,794

At 01 August 2015

125

Charge for year

4,919

At 31 July 2016

Net book values

At 31 July 2016

628

753

At 31 July 2015

3 Creditors: amounts falling due within one year

As at the 31st July 2016 the company had loans outstanding to the director Mr P Cordwell of £450. These loans are interest free and repayable on demand.

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Notes to the Abbreviated Financial Statements

Pac Draughting Services Limited

For the year ended 31 July 2016

4 Share capital

Allotted called up and fully paid

2016

2015

2 Ordinary Share Class 1 shares of £2.00 each

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