Patrick Cutler Limited - Limited company - abbreviated

REGISTERED NUMBER: 03366910 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 May 2014

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

21,484

26,627

CURRENT ASSETS

Stocks

525

425

Debtors

16,431

14,951

Cash at bank

16,178

6,458

33,134

21,834

CREDITORS

Amounts falling due within one year

27,913

29,735

NET CURRENT ASSETS/(LIABILITIES)

5,221

(7,901

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

26,705

18,726

PROVISIONS FOR LIABILITIES

3,464

4,310

NET ASSETS

23,241

14,416

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

23,239

14,414

SHAREHOLDERS' FUNDS

23,241

14,416

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2014 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 25 September 2014 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 2013

110,452

Additions

1,293

At 31 May 2014

111,745

DEPRECIATION

At 1 June 2013

83,825

Charge for year

6,436

At 31 May 2014

90,261

NET BOOK VALUE

At 31 May 2014

21,484

At 31 May 2013

26,627

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.14

31.5.13

value:

£

2

Ordinary

£1

2

Patrick Cutler Limited - Limited company - abbreviated - 11.6

Patrick Cutler Limited - Limited company - abbreviated - 11.6