DOOR_TO_PAW_LTD - Accounts

DOOR TO PAW LTD

ABBREVIATED BALANCE SHEET

AS AT

31 JULY 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

1,838

Current assets

Stocks

12,078

Debtors

24,509

(1)

Cash at bank and in hand

6,601

35,659

31,110

47,736

Creditors: amounts falling due within one year

(5,072)

(21,493)

Net current assets

26,038

26,243

Total assets less current liabilities

26,038

28,081

Provisions for liabilities

(646)

25,392

27,435

Capital and reserves

Called up share capital

Profit and loss account

25,391

27,434

Shareholders' funds

25,392

27,435

For the financial year ended 31 July 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his 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 for issue on 17 September 2015

Mr D W Cook

Director

Company Registration No. 04475981

DOOR TO PAW LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2015

- 2 -

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

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

1.5

Tangible fixed assets and depreciation

Tangible fixed assets 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:

Plant and machinery

25% reducing balance

Computer equipment

25% reducing balance

Motor vehicles

25% reducing balance

1.6

Stock

Work in progress is valued at the lower of cost and net realisable value.

Fixed assets

Tangible assets

Cost

At 1 August 2014

11,472

Additions

4,750

Disposals

(16,222)

At 31 July 2015

Depreciation

At 1 August 2014

9,634

On disposals

(9,634)

At 31 July 2015

Net book value

At 31 July 2015

At 31 July 2014

1,838