Patrick Cutler Limited - Limited company - abbreviated

REGISTERED NUMBER: 03366910 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 May 2015

for

Patrick Cutler Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mr P D Cutler

Mrs N A Cutler

SECRETARY:

Mrs N A Cutler

REGISTERED OFFICE:

107 North Street

Martock

Somerset

TA12 6EJ

REGISTERED NUMBER:

03366910 (England and Wales)

ACCOUNTANTS:

Read & Co.

107 North Street

Martock

Somerset

TA12 6EJ

FIXED ASSETS

Tangible assets

2

17,621

21,484

CURRENT ASSETS

Stocks

875

525

Debtors

20,526

16,431

Cash at bank

22,505

16,178

43,906

33,134

CREDITORS

Amounts falling due within one year

51,758

27,913

NET CURRENT (LIABILITIES)/ASSETS

(7,852

)

5,221

TOTAL ASSETS LESS CURRENT
LIABILITIES

9,769

26,705

PROVISIONS FOR LIABILITIES

2,842

3,464

NET ASSETS

6,927

23,241

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

6,925

23,239

SHAREHOLDERS' FUNDS

6,927

23,241

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 29 December 2015 and were signed on its behalf
by:

Mrs N A Cutler - 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 sales of goods, 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.

Plant and machinery etc

-

25% on reducing balance

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2014

111,745

Additions

1,409

At 31 May 2015

113,154

DEPRECIATION

At 1 June 2014

90,261

Charge for year

5,272

At 31 May 2015

95,533

NET BOOK VALUE

At 31 May 2015

17,621

At 31 May 2014

21,484

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.15

31.5.14

value:

£

2

Ordinary

£1

2

Patrick Cutler Limited - Limited company - abbreviated - 11.9

Patrick Cutler Limited - Limited company - abbreviated - 11.9