Abbreviated Company Accounts - PAUL JAMES TYRES LIMITED

PAUL JAMES TYRES LIMITED - Company Information

06826685 PAUL JAMES TYRES LIMITED 2014-03-31 false 2013-04-01 2014-03-31 true 06826685 2013-04-01 2014-03-31 06826685 2014-03-31 06826685 2013-03-31 06826685 uk-gaap-cd-bus:Director1 2013-04-01 2014-03-31 06826685 uk-gaap-cd-bus:Director2 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-03-31 iso4217:GBP shares

Registered Number 06826685

PAUL JAMES TYRES LIMITED

Abbreviated Accounts

31 March 2014

PAUL JAMES TYRES LIMITED Registered Number 06826685

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	10,456	4,077
		10,456	4,077
Current assets
Debtors		61,134	58,873
Cash at bank and in hand		100	100
		61,234	58,973
Creditors: amounts falling due within one year		(138,917)	(123,196)
Net current assets (liabilities)		(77,683)	(64,223)
Total assets less current liabilities		(67,227)	(60,146)
Creditors: amounts falling due after more than one year		(4,306)	-
Total net assets (liabilities)		(71,533)	(60,146)
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		(71,633)	(60,246)
Shareholders' funds		(71,533)	(60,146)

For the year ending 31 March 2014 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 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.

Approved by the Board on 25 September 2014

And signed on their behalf by:
P.R.L. James, Director

PAUL JAMES TYRES LIMITED Registered Number 06826685

Notes to the Abbreviated Accounts for the period ended 31 March 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
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 assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Office equipment 25% reducing balance
Motor vehicles 25% reducing balance

2Tangible fixed assets

	£
Cost
At 1 April 2013	7,001
Additions	8,073
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	15,074
Depreciation
At 1 April 2013	2,924
Charge for the year	1,694
On disposals	-
At 31 March 2014	4,618
Net book values
At 31 March 2014	10,456
At 31 March 2013	4,077

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
100 Ordinary shares of £1 each	100	100