Pavlos Ltd - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: SC480920 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2017

FOR

PAVLOS LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

Mr M Mouzakis

REGISTERED OFFICE:

7 Royal Crescent

Glasgow

G3 7SL

REGISTERED NUMBER:

SC480920 (Scotland)

ACCOUNTANTS:

K M Stewart & Company

7 Royal Crescent

Glasgow

G3 7SL

BANKERS:

Barclays Bank PLC

1 Churchill Place

London

E14 5HP

FIXED ASSETS

Tangible assets

4

3,988

5,318

CURRENT ASSETS

Debtors

5

5,616

5,255

Cash at bank

11,451

16,787

17,067

22,042

CREDITORS

Amounts falling due within one year

6

6,682

9,052

NET CURRENT ASSETS

10,385

12,990

TOTAL ASSETS LESS CURRENT LIABILITIES

14,373

18,308

PROVISIONS FOR LIABILITIES

798

1,064

NET ASSETS

13,575

17,244

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

13,475

17,144

SHAREHOLDERS' FUNDS

13,575

17,244

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 14 March 2018 and were signed by:

Mr M Mouzakis - Director

1.	STATUTORY INFORMATION

Pavlos Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and

registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A

These financial statements for the year ended 30 June 2017 are the first that are prepared in accordance with FRS

102 Section 1A. The previous financial statements were prepared in accordance with FRSSE, the date of

transition to FRS 102 Section 1A is 1 July 2015.

This is the first year in which the financial statements have been prepared under FRS 102. The transition from

preparing the financial statements in accordance with FRSSE (2015) to FRS 102 (1A) has had no material

impact on either the financial position or the financial performance as previously reported by the company.

Turnover

Turnover represents net invoiced sales of medical practitioner services.

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 etc

-

25% on reducing balance

Debtors

Debtors are recognised at the settlement amount due with appropriate allowances for any irrecoverable amounts

when there is objective evidence that the asset is impaired.

Cash and cash equivalents

Cash and cash equivalents in the balance sheet comprise cash on hand and cash at bank with a short term of

maturity, being twelve months or less, from the opening of the deposit or similar account.

Creditors

Creditors are recognised where the company has a present obligation resulting from a past event and are

recognised at the settlement amount due after allowing for any trade discounts due.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL.

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 July 2016

and 30 June 2017

7,489

DEPRECIATION

At 1 July 2016

2,171

Charge for year

1,330

At 30 June 2017

3,501

NET BOOK VALUE

At 30 June 2017

3,988

At 30 June 2016

5,318

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Prepayments

5,616

5,255

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Tax

4,462

3,878

Directors' current accounts

2,220

5,174

6,682

9,052

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

100

Ordinary

£1

100

100