| Payne & Co Limited |
| Registered number: |
07690394 |
| Abbreviated Balance Sheet |
| as at 31 July 2014 |
|
| Notes |
|
|
2014 |
|
|
2013 |
| £ |
£ |
| Fixed assets |
| Intangible assets |
2 |
|
|
160,839 |
|
|
241,258 |
| Tangible assets |
3 |
|
|
3,632 |
|
|
4,843 |
|
|
|
|
164,471 |
|
|
246,101 |
|
| Current assets |
| Debtors |
|
|
17,661 |
|
|
17,179 |
| Cash at bank and in hand |
|
|
429,649 |
|
|
336,149 |
|
|
|
447,310 |
|
|
353,328 |
|
| Creditors: amounts falling due within one year |
|
|
(490,347) |
|
|
(528,253) |
|
| Net current liabilities |
|
|
|
(43,037) |
|
|
(174,925) |
|
| Net assets |
|
|
|
121,434 |
|
|
71,176 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
4 |
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
121,334 |
|
|
71,076 |
|
| Shareholders' funds |
|
|
|
121,434 |
|
|
71,176 |
|
|
|
|
|
|
|
|
| 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. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| J Brown |
| Director |
| Approved by the board on 3 November 2014 |
|
| Payne & Co Limited |
| Notes to the Abbreviated Accounts |
| for the year ended 31 July 2014 |
|
| 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. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Plant and machinery |
25% reducing balance |
|
Motor vehicles |
25% straight line |
|
|
| 2 |
Intangible fixed assets |
£ |
|
|
Cost |
|
At 1 August 2013 |
402,096 |
|
At 31 July 2014 |
402,096 |
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 August 2013 |
160,838 |
|
Provided during the year |
80,419 |
|
At 31 July 2014 |
241,257 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 July 2014 |
160,839 |
|
At 31 July 2013 |
241,258 |
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 August 2013 |
6,844 |
|
At 31 July 2014 |
6,844 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 August 2013 |
2,001 |
|
Charge for the year |
1,211 |
|
At 31 July 2014 |
3,212 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 July 2014 |
3,632 |
|
At 31 July 2013 |
4,843 |
|
|
|
|
|
|
|
|
| 4 |
Share capital |
Nominal |
|
2014 |
|
2014 |
|
2013 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
100 |
|
100 |
|
100 |
|
|
|
|
|
|
|
|
|
