Registered Number 06971850

PRICEWIZE LTD

Abbreviated Accounts

31 July 2014

PRICEWIZE LTD Registered Number 06971850

Abbreviated Balance Sheet as at 31 July 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 51,810 63,854
51,810 63,854
Current assets
Stocks 80,000 80,000
Cash at bank and in hand 227 412
80,227 80,412
Prepayments and accrued income 23,500 23,500
Creditors: amounts falling due within one year (45,068) (44,313)
Net current assets (liabilities) 58,659 59,599
Total assets less current liabilities 110,469 123,453
Creditors: amounts falling due after more than one year (62,574) (94,574)
Total net assets (liabilities) 47,895 28,879
Capital and reserves
Called up share capital 2 2
Profit and loss account 47,893 28,877
Shareholders' funds 47,895 28,879
  • For the year ending 31 July 2014 the company was entitled to exemption 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 directors acknowledge their 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.

Approved by the Board on 5 February 2015

And signed on their behalf by:
Mohammad Iqbal Choudhry, Director

PRICEWIZE LTD Registered Number 06971850

Notes to the Abbreviated Accounts for the period ended 31 July 2014

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
Turnover is net of VAT, represent retail of groceries, food and wine

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machinery 25% reducing balance method
Fixture and Fittings 15% reducing balance method

2Tangible fixed assets
£
Cost
At 1 August 2013 111,505
Additions -
Disposals -
Revaluations -
Transfers -
At 31 July 2014 111,505
Depreciation
At 1 August 2013 47,651
Charge for the year 12,044
On disposals -
At 31 July 2014 59,695
Net book values
At 31 July 2014 51,810
At 31 July 2013 63,854