PARTISAN_SEVEN_LTD - Accounts

PARTISAN SEVEN LIMITED - Company Information

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Company Registration No. 07180690 (England and Wales)

PARTISAN SEVEN LTD

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

PARTISAN SEVEN LTD

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

PARTISAN SEVEN LTD

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

944

1,352

Current assets

Debtors

32,143

49,440

Cash at bank and in hand

1,195

12,844

33,338

62,284

Creditors: amounts falling due within one year

(31,965)

(44,790)

Net current assets

1,373

17,494

Total assets less current liabilities

2,317

18,846

Capital and reserves

Called up share capital

Profit and loss account

2,313

18,842

Shareholders' funds

2,317

18,846

For the financial year ended 31 March 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 22 December 2014

Mr Peter Hall

Director

Company Registration No. 07180690

PARTISAN SEVEN LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment

25% straight line

1.5

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange prevailing at the accounting date. Transactions in foreign currencies are recorded at the date of the transactions. All differences are taken to the Profit and Loss account.

PARTISAN SEVEN LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2014

- 3 -

Fixed assets

Tangible assets

Cost

At 1 April 2013

2,730

Additions

365

At 31 March 2014

3,095

Depreciation

At 1 April 2013

1,377

Charge for the year

774

At 31 March 2014

2,151

Net book value

At 31 March 2014

944

At 31 March 2013

1,352

Share capital

2014

2013

Authorised

Allotted, called up and fully paid

2 Ordinary shares of £1 each

1 Ordinary A shares of £1 each

1 Ordinary B shares of £1 each