Abbreviated Company Accounts - POLISH TRANSLATIONS LIMITED

POLISH TRANSLATIONS LIMITED - Company Information

05318684 POLISH TRANSLATIONS LIMITED 2014-12-31 false 2014-01-01 2014-12-31 true 05318684 2014-01-01 2014-12-31 05318684 2014-12-31 05318684 2013-12-31 05318684 uk-gaap-cd-bus:Director1 2014-01-01 2014-12-31 05318684 uk-gaap-cd-bus:Director2 2014-01-01 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-01-01 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-12-31 iso4217:GBP shares

Registered Number 05318684

POLISH TRANSLATIONS LIMITED

Abbreviated Accounts

31 December 2014

POLISH TRANSLATIONS LIMITED Registered Number 05318684

Abbreviated Balance Sheet as at 31 December 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	467	624
		467	624
Current assets
Debtors		74	153
Cash at bank and in hand		2,646	2,049
		2,720	2,202
Creditors: amounts falling due within one year		(3,807)	(2,921)
Net current assets (liabilities)		(1,087)	(719)
Total assets less current liabilities		(620)	(95)
Total net assets (liabilities)		(620)	(95)
Capital and reserves
Called up share capital	3	2,000	2,000
Profit and loss account		(2,620)	(2,095)
Shareholders' funds		(620)	(95)

For the year ending 31 December 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 5 June 2015

And signed on their behalf by:
Mr A Murza Murzicz, Director

POLISH TRANSLATIONS LIMITED Registered Number 05318684

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

1Accounting Policies

Basis of measurement and preparation of accounts
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).
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).

Turnover policy
Turnover represents amounts receivable for goods and services net of trade discounts.

Tangible assets depreciation policy
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 & equipment 25% Reducing balance

Valuation information and policy
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

2Tangible fixed assets

	£
Cost
At 1 January 2014	4,965
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2014	4,965
Depreciation
At 1 January 2014	4,341
Charge for the year	157
On disposals	-
At 31 December 2014	4,498
Net book values
At 31 December 2014	467
At 31 December 2013	624

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
2,000 Ordinary shares of £1 each	2,000	2,000