Company Registration No. 02991268 (England and Wales)
PAGEBASE LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 NOVEMBER 2014
PAGEBASE LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
PAGEBASE LTD
ABBREVIATED BALANCE SHEET
AS AT
29 NOVEMBER 2014
29 November 2014
- 1 -
2014
2013
Notes
£
£
£
£
Fixed assets
Tangible assets
2
15,824
19,978
Current assets
Stocks
6,040
4,236
Debtors
106,644
115,654
Cash at bank and in hand
2,975
1,822
115,659
121,712
Creditors: amounts falling due within one year
(58,972)
(83,975)
Net current assets
56,687
37,737
Total assets less current liabilities
72,511
57,715
Creditors: amounts falling due after more than one year
(72,196)
(69,299)
315
(11,584)
Capital and reserves
Called up share capital
3
2
2
Profit and loss account
313
(11,586)
Shareholders' funds
315
(11,584)
For the financial Period ended 29 November 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the Period in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board and authorised for issue on 20 November 2015
Mr W B Eldret
Mrs P C Eldret
Director
Director
Company Registration No. 02991268
PAGEBASE LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE PERIOD ENDED 29 NOVEMBER 2014
- 2 -
1
Accounting policies
1.1
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).
1.2
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).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets other than freehold land 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:
Land and buildings Freehold
over the remaining term of the lease
Plant and machinery
15% reducing balance
Computer equipment
33% cost
Fixtures, fittings & equipment
15% reducing balance
1.5
Leasing
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
1.6
Stock
Stock is valued at the lower of cost and net realisable value.
1.7
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
PAGEBASE LTD
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE PERIOD ENDED 29 NOVEMBER 2014
- 3 -
2
Fixed assets
Tangible assets
£
Cost
At 1 December 2013
72,809
Additions
995
At 29 November 2014
73,804
Depreciation
At 1 December 2013
52,830
Charge for the period
5,150
At 29 November 2014
57,980
Net book value
At 29 November 2014
15,824
At 30 November 2013
19,978
3
Share capital
2014
2013
£
£
Allotted, called up and fully paid
2 Ordinary shares of £1 each
2
2
4
Related party relationships and transactions
The following directors had interest free loans during the Period. The movement on these loans are as follows:
Description
% Rate
Opening Balance
Amounts Advanced
Interest Charged
Amounts Repaid
Closing Balance
£
£
£
£
£
Mr W B Eldret -
3.57
44,706
-
1,020
6,942
38,784
Mrs P C Eldret -
3.57
46,231
-
1,100
3,647
43,684
90,937
-
2,120
10,589
82,468