Micro-entity Accounts - PADDY RAIL LTD

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Registered Number 09405395

PADDY RAIL LTD

Micro-entity Accounts

31 January 2017

PADDY RAIL LTD Registered Number 09405395

Micro-entity Balance Sheet as at 31 January 2017

	Notes	2017	2016
		£	£
Current assets
Debtors		25,033	1,356
Cash at bank and in hand		7,755	34,701
		32,788	36,057
Creditors: amounts falling due within one year		(26,153)	(28,582)
Net current assets (liabilities)		6,635	7,475
Total assets less current liabilities		6,635	7,475
Total net assets (liabilities)		6,635	7,475
Capital and reserves
Called up share capital	1	1	1
Profit and loss account		6,634	7,474
Shareholders' funds		6,635	7,475

For the year ending 31 January 2017 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 30 October 2017

And signed on their behalf by:
Mr KJ Hogan, Director

PADDY RAIL LTD Registered Number 09405395

Notes to the Micro-entity Accounts for the period ended 31 January 2017

1Called Up Share Capital
Allotted, called up and fully paid:

	2017 £	2016 £
1 Ordinary shares of £1 each	1	1

2Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.