Payne-Galway Limited - Limited company - abbreviated

REGISTERED NUMBER: 04187475 (England and Wales)

Abbreviated Accounts for the Year Ended 31 March 2014

for

Payne-Galway Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Ms S J Goodwin

SECRETARY:

G Goodwin

REGISTERED OFFICE:

Lawrence House

James Nicolson Link

Clifton Moor

York

North Yorkshire

YO30 4WG

REGISTERED NUMBER:

04187475 (England and Wales)

ACCOUNTANTS:

David Newton & Co Limited

Chartered Certified Accountants

Lawrence House

James Nicolson Link

Clifton Moor

York

North Yorkshire

YO30 4WG

CURRENT ASSETS

Stocks

2,944

Cash at bank

48

24

2,992

2,968

CREDITORS

Amounts falling due within one year

4,372

3,855

NET CURRENT LIABILITIES

(1,380

)

(887

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,380

)

(887

)

CREDITORS

Amounts falling due after more than one
year

7,532

NET LIABILITIES

(8,912

)

(8,419

)

CAPITAL AND RESERVES

Called up share capital

2

Profit and loss account

(8,914

)

(8,421

)

SHAREHOLDERS' FUNDS

(8,912

)

(8,419

)

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

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

The director acknowledges her 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 16 December 2014 and were signed by:

Ms S J Goodwin - 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).

Stocks

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

slow moving items.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.14

31.3.13

value:

£

1

Ordinary A

£1

1

Ordinary B

£1

1

2

Payne-Galway Limited - Limited company - abbreviated - 11.6

Payne-Galway Limited - Limited company - abbreviated - 11.6