Abbreviated Company Accounts - PAGG LIMITED

Registered Number 06194221

PAGG LIMITED

Abbreviated Accounts

31 March 2014

PAGG LIMITED Registered Number 06194221

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Called up share capital not paid		1	1
Fixed assets
Tangible assets	2	2,445	-
		2,445	-
Current assets
Debtors		18,209	-
Cash at bank and in hand		20,364	-
		38,573	-
Creditors: amounts falling due within one year		(40,134)	-
Net current assets (liabilities)		(1,561)	-
Total assets less current liabilities		885	1
Total net assets (liabilities)		885	1
Capital and reserves
Called up share capital		1	1
Profit and loss account		884	-
Shareholders' funds		885	1

For the year ending 31 March 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 1 December 2014

And signed on their behalf by:
Oludotun Akinde, Director

PAGG LIMITED Registered Number 06194221

Notes to the Abbreviated Accounts for the period ended 31 March 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents invoiced value of goods and services supplied by the company, net of value added tax and trade discounts

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their
estimated useful lives.
Plant and machinery 25% straight line

2Tangible fixed assets

	£
Cost
At 1 April 2013	-
Additions	3,260
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	3,260
Depreciation
At 1 April 2013	-
Charge for the year	815
On disposals	-
At 31 March 2014	815
Net book values
At 31 March 2014	2,445
At 31 March 2013	-