Company Registration No. 07010033 (England and Wales)
THE PICTURE BOOK STUDIO LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2014
Evolution Business and Tax Advisors LLP
10 Evolution
Wynyard Park
Wynyard
TS22 5TB
THE PICTURE BOOK STUDIO LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
THE PICTURE BOOK STUDIO LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 SEPTEMBER 2014
30 September 2014
- 1 -
2014
2013
Notes
£
£
£
£
Fixed assets
Tangible assets
2
14,168
3,215
Current assets
Debtors
214
87
Cash at bank and in hand
21,123
15,888
21,337
15,975
Creditors: amounts falling due within one year
(29,534)
(21,310)
Net current liabilities
(8,197)
(5,335)
Total assets less current liabilities
5,971
(2,120)
Capital and reserves
Called up share capital
3
1
1
Profit and loss account
5,970
(2,121)
Shareholders' funds
5,971
(2,120)
For the financial year ended 30 September 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006. The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for ensuring that the company keeps accounting records which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit or loss for the 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 accounts, so far as applicable to the company.
These abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved by the Board for issue on 29 January 2015
Mr J P Regan
Director
Company Registration No. 07010033
THE PICTURE BOOK STUDIO LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2014
- 2 -
1
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 and equipment
33% straight line
2
Fixed assets
Tangible assets
£
Cost
At 1 October 2013
7,034
Additions
17,161
At 30 September 2014
24,195
Depreciation
At 1 October 2013
3,819
Charge for the year
6,208
At 30 September 2014
10,027
Net book value
At 30 September 2014
14,168
At 30 September 2013
3,215
3
Share capital
2014
2013
£
£
Allotted, called up and fully paid
1 ordinary share of £1 each
1
1
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