Pash Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 06715509 (England and Wales)

PASH LIMITED

Abbreviated Accounts

for the Year Ended 31 October 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

to

3

Notes to the Abbreviated Accounts

4

to

5

DIRECTORS:

P Sills

A P L Hall

SECRETARY:

A P L Hall

REGISTERED OFFICE:

Unit 2a Manor Drive

Sileby

Loughborough

Leicester

Leicestershire

LE12 7RZ

REGISTERED NUMBER:

06715509 (England and Wales)

ACCOUNTANTS:

Accapita LLP

Chartered Certified Accountants

Christopher House

94b London Road

Leicester

LE2 0QS

FIXED ASSETS

Tangible assets

2

11,772

2,745

CURRENT ASSETS

Stocks

78,322

51,763

Debtors

50,136

42,889

Cash at bank and in hand

979

10,492

129,437

105,144

CREDITORS

Amounts falling due within one year

57,477

61,961

NET CURRENT ASSETS

71,960

43,183

TOTAL ASSETS LESS CURRENT
LIABILITIES

83,732

45,928

CREDITORS

Amounts falling due after more than one
year

-

(2,298

)

PROVISIONS FOR LIABILITIES

(2,354

)

(549

)

NET ASSETS

81,378

43,081

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

81,376

43,079

SHAREHOLDERS' FUNDS

81,378

43,081

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 30 September 2016 and were signed on
its behalf by:

A P L Hall - 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.

Fixtures and fittings

-

33% on cost

Motor vehicles

-

20% on cost

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at

the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of

exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at

the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis

over the period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2014

3,225

Additions

11,596

At 31 October 2015

14,821

DEPRECIATION

At 1 November 2014

480

Charge for year

2,569

At 31 October 2015

3,049

NET BOOK VALUE

At 31 October 2015

11,772

At 31 October 2014

2,745

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

2

Ordinary

£ 1

2

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2015

and 31 October 2014:

2015

2014

£

A P L Hall

Balance outstanding at start of year

25,272

-

Amounts advanced

25,364

25,272

Amounts repaid

(25,300

)

-

Balance outstanding at end of year

25,336

25,272

Interest is charged at the official rate.