Company Registration No. 6429551 (England and Wales)
PAUL EALEY FLOORING LTD
Abbreviated unaudited accounts
for the year ended 31 January 2016
PAUL EALEY FLOORING LTD
Abbreviated Balance Sheet
as at
31 January 2016
Intangible assets
150,000
150,000
Tangible assets
15,246
3,255
Cash at bank and in hand
223,527
186,028
Creditors: amounts falling due within one year
(50,334)
(74,756)
Net current assets
223,271
184,615
Net assets
388,517
337,870
Called up share capital
2
2
Profit and loss account
388,515
337,868
Total shareholders' funds
388,517
337,870
For the year ending 31 January 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Approved by the board on 4 August 2016
P EALEY
Director
Company Registration No. 6429551
PAUL EALEY FLOORING LTD
Notes to the Abbreviated Accounts
for the year ended 31 January 2016
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
2
Intangible fixed assets
Goodwill
At 1 February 2015
150,000
At 31 January 2016
150,000
At 31 January 2016
150,000
At 31 January 2015
150,000
PAUL EALEY FLOORING LTD
Notes to the Abbreviated Accounts
for the year ended 31 January 2016
3
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
At 1 February 2015
3,387
4,000
7,387
Additions
1,267
13,995
15,262
Disposals
-
(4,000)
(4,000)
At 31 January 2016
4,654
13,995
18,649
At 1 February 2015
1,643
2,489
4,132
Charge for the year
594
1,166
1,760
On disposals
-
(2,489)
(2,489)
At 31 January 2016
2,237
1,166
3,403
At 31 January 2016
2,417
12,829
15,246
At 31 January 2015
1,744
1,511
3,255
4
Share capital
2016
2015
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2