Paul Walton Associates Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 08605706 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30 April 2015

for

Paul Walton Associates Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mr P Walton

Mrs S P Walton

REGISTERED OFFICE:

316 Blackpool Road

Fulwood

Preston

Lancashire

PR2 3AE

REGISTERED NUMBER:

08605706 (England and Wales)

ACCOUNTANTS:

McDade Roberts Accountants Limited

Chartered Accountants

316 Blackpool Road

Fulwood

Preston

Lancashire

PR2 3AE

FIXED ASSETS

Tangible assets

2

8,125

6,281

CURRENT ASSETS

Stocks

-

4,302

Debtors

113,809

18,396

Cash at bank and in hand

100,146

49,159

213,955

71,857

CREDITORS

Amounts falling due within one year

97,329

45,194

NET CURRENT ASSETS

116,626

26,663

TOTAL ASSETS LESS CURRENT LIABILITIES

124,751

32,944

PROVISIONS FOR LIABILITIES

1,625

1,256

NET ASSETS

123,126

31,688

CAPITAL AND RESERVES

Called up share capital

3

200

200

Profit and loss account

122,926

31,488

SHAREHOLDERS' FUNDS

123,126

31,688

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2015 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 1 June 2015 and were signed on its behalf by:

Mr P Walton - 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 invoiced sales of services. As the company uses the ‘flat rate scheme’ for VAT purposes,

turnover includes value added tax, in accordance with generally accepted accounting principles.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on cost

Computer equipment

-

33% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's

pension scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2014

8,126

Additions

6,145

At 30 April 2015

14,271

DEPRECIATION

At 1 May 2014

1,845

Charge for year

4,301

At 30 April 2015

6,146

NET BOOK VALUE

At 30 April 2015

8,125

At 30 April 2014

6,281

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.15

30.4.14

value:

£

£

100

Ordinary

£1

100

100

100

B Ordinary

£1

100

100

200

200