Abbreviated Company Accounts - PACKER ASSOCIATES LTD.
Abbreviated Company Accounts - PACKER ASSOCIATES LTD.
Registered Number SC119449
PACKER ASSOCIATES LTD.
Abbreviated Accounts
31 August 2014
PACKER ASSOCIATES LTD. Registered Number SC119449
Abbreviated Balance Sheet as at 31 August 2014
Notes | 2014 | 2013 | |
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£ | £ | ||
Fixed assets | |||
Tangible assets | 2 |
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Current assets | |||
Debtors |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
( |
( |
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Net current assets (liabilities) |
( |
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Total assets less current liabilities |
( |
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Total net assets (liabilities) |
( |
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Capital and reserves | |||
Called up share capital | 3 |
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Share premium account |
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Profit and loss account |
( |
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Shareholders' funds |
( |
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For the year ending 31 August 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
And signed on their behalf by:
PACKER ASSOCIATES LTD. Registered Number SC119449
Notes to the Abbreviated Accounts for the period ended 31 August 2014
1Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
Tangible assets depreciation policy
Fixtures & Fittings - 15% Reducing Balance
Office Equipment - 20% Reducing Balance
Tenant's Improvements - 15% Reducing Balance
Other accounting policies
All fixed assets are initially recorded at cost.
Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.
Pension costs
The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the profit and loss account.
Going concern
The director is aware of the deficiency in the balance sheet. The company has the continued support of the director and therefore the accounts are presented on a going concern basis.
£ | |
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Cost | |
At 1 September 2013 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 31 August 2014 |
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Depreciation | |
At 1 September 2013 |
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Charge for the year |
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On disposals |
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At 31 August 2014 |
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Net book values | |
At 31 August 2014 | 3,807 |
At 31 August 2013 | 4,703 |