Paintless Dent Removal Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 05583260 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2014

FOR

PAINTLESS DENT REMOVAL LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

J S Ritchie

SECRETARY:

Mrs D T Ritchie

REGISTERED OFFICE:

24 Kings Avenue

Eastbourne

East Sussex

BN21 2PF

REGISTERED NUMBER:

05583260 (England and Wales)

ACCOUNTANTS:

Dominic Hill Associates Limited

Archer House

Britland Estate

Northbourne Road

Eastbourne

East Sussex

BN22 8PW

FIXED ASSETS

Tangible assets

2

827

-

CURRENT ASSETS

Stocks

150

-

Debtors

110,109

93,611

Cash at bank and in hand

10,088

100

120,347

93,711

CREDITORS

Amounts falling due within one year

15,601

12,560

NET CURRENT ASSETS

104,746

81,151

TOTAL ASSETS LESS CURRENT LIABILITIES

105,573

81,151

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

105,473

81,051

SHAREHOLDERS' FUNDS

105,573

81,151

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 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 25 December 2014 and were signed by:

J S Ritchie - 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 the partnership profits due to the company.

Tangible fixed assets

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

Tools & equipment

-

25% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% on cost

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

1,050

At 31 March 2014

1,050

DEPRECIATION

Charge for year

223

At 31 March 2014

223

NET BOOK VALUE

At 31 March 2014

827

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

75

Ordinary A

£1

75

75

25

Ordinary B

£1

25

25

100

100

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Turnover & Debtors:

The company is a partner in Just Dents partnership. During the year the company derived profits of

£76,069 (2013: £61,856) from the partnership. At 31 March 2014 the partnership owed the company

£110,109 (2013: £93,611) in respect of undrawn partnership profits. The other partners of Just Dents

during the year were as follows:

Mr J S Ritchie - director

On 31 March 2014 the business of Just Dents was transferred to the company.