Paul Dunnings Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 05866647

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2014

FOR

PAUL DUNNINGS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

P Dunnings

Mrs I A Dunnings

V M Henly

SECRETARY:

Mrs I A Dunnings

REGISTERED OFFICE:

Wolfhanger Cottage

Bramdean

Alresford

Hampshire

SO24 0JJ

REGISTERED NUMBER:

05866647

ACCOUNTANTS:

S C Miller Ltd

Chartered Accountants and Registered Auditors

Clock Offices

High Street

Bishops Waltham

Southampton

Hampshire

SO32 1AA

FIXED ASSETS

Tangible assets

2

21,874

25,285

CURRENT ASSETS

Stocks

1,342

1,606

Debtors

7,910

7,864

Cash at bank and in hand

26,124

17,847

35,376

27,317

CREDITORS

Amounts falling due within one year

3

39,032

37,509

NET CURRENT LIABILITIES

(3,656

)

(10,192

)

TOTAL ASSETS LESS CURRENT LIABILITIES

18,218

15,093

CREDITORS

Amounts falling due after more than one year

3

(6,667

)

(10,884

)

PROVISIONS FOR LIABILITIES

(3,302

)

(3,685

)

NET ASSETS

8,249

524

CAPITAL AND RESERVES

Called up share capital

4

4

4

Profit and loss account

8,245

520

SHAREHOLDERS' FUNDS

8,249

524

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

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

The directors acknowledge their 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 Board of Directors on 7 January 2015 and were signed on its behalf by:

P Dunnings - 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 net invoiced sale of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on reducing balance and 20% 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2013

44,156

Additions

4,535

Disposals

(2,035

)

At 31 July 2014

46,656

DEPRECIATION

At 1 August 2013

18,871

Charge for year

6,801

Eliminated on disposal

(890

)

At 31 July 2014

24,782

NET BOOK VALUE

At 31 July 2014

21,874

At 31 July 2013

25,285

3.

CREDITORS

Creditors include an amount of £ 11,473 (31.7.13 - £ 15,690 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.14

31.7.13

value:

£

£

4

Ordinary

£1

4

4