Pickwick Papers Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 07996157 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31ST MARCH 2014

FOR

PICKWICK PAPERS LIMITED

Page

Company Information

1

Chartered Accountants' Report

2

Abbreviated Balance Sheet

3

Notes to the Abbreviated Accounts

5

DIRECTOR:

M N Rajaseelan

REGISTERED OFFICE:

229 West Street

Fareham

Hampshire

PO16 0HZ

REGISTERED NUMBER:

07996157 (England and Wales)

ACCOUNTANTS:

Rothman Pantall LLP

Chartered Accountants

229 West Street

Fareham

Hampshire

PO16 0HZ

The following reproduces the text of the report prepared for the director in respect of the

company's annual unaudited financial statements, from which the unaudited abbreviated

accounts (set out on pages three to six) have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for

your approval the financial statements of Pickwick Papers Limited for the year ended

31st March 2014 which comprise the Profit and Loss Account, the Balance Sheet and the related

notes from the company's accounting records and from information and explanations you have

given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales

(ICAEW), we are subject to its ethical and other professional requirements which are detailed at

icaew.com/membershandbook.

This report is made solely to the director of Pickwick Papers Limited in accordance with our terms

of engagement. Our work has been undertaken solely to prepare for your approval the financial

statements of Pickwick Papers Limited and state those matters that we have agreed to state to the

director of Pickwick Papers Limited in this report in accordance with AAF 2/10 as detailed at

icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume

responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Pickwick Papers Limited has kept adequate accounting records and to

prepare statutory financial statements that give a true and fair view of the assets, liabilities,

financial position and profit of Pickwick Papers Limited. You consider that Pickwick Papers Limited

is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of

Pickwick Papers Limited. For this reason, we have not verified the accuracy or completeness of

the accounting records or information and explanations you have given to us and we do not,

therefore, express any opinion on the statutory financial statements.

Rothman Pantall LLP

Chartered Accountants

229 West Street

Fareham

Hampshire

PO16 0HZ

17th December 2014

FIXED ASSETS

Tangible assets

2

16,299

12,086

CURRENT ASSETS

Stocks

83,000

83,000

Debtors

3,572

97

Cash at bank and in hand

90,351

10,971

176,923

94,068

CREDITORS

Amounts falling due within one year

62,404

46,654

NET CURRENT ASSETS

114,519

47,414

TOTAL ASSETS LESS CURRENT LIABILITIES

130,818

59,500

PROVISIONS FOR LIABILITIES

1,198

-

NET ASSETS

129,620

59,500

CAPITAL AND RESERVES

Called up share capital

3

50

50

Profit and loss account

129,570

59,450

SHAREHOLDERS' FUNDS

129,620

59,500

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 15th December 2014 and were signed by:

M N Rajaseelan - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in

accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents transaction made at point of sale, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not

reversed at the balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight

line basis over the period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st April 2013

13,812

Additions

9,646

At 31st March 2014

23,458

DEPRECIATION

At 1st April 2013

1,726

Charge for year

5,433

At 31st March 2014

7,159

NET BOOK VALUE

At 31st March 2014

16,299

At 31st March 2013

12,086

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

50

Ordinary

1

50

50

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year a total dividend of £12,600 (2013: £32,500) was issued to the director of the

company.

At the year end the director owed the company £3,572 by way of the directors loan account.