Company Registration No. 07990151 (England and Wales)
PAUL D. WAITE LTD
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2015
PAUL D. WAITE LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
PAUL D. WAITE LTD
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2015
31 March 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
1,502
750
Current assets
Debtors
6,859
400
Cash at bank and in hand
19,454
20,182
26,313
20,582
Creditors: amounts falling due within one year
(3,985)
(7,889)
Net current assets
22,328
12,693
Total assets less current liabilities
23,830
13,443
Capital and reserves
Called up share capital
3
1
1
Profit and loss account
23,829
13,442
Shareholders'  funds
23,830
13,443
For the financial year ended 31 March 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 members have 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 15 December 2015
Mr Paul Waite
Director
Company Registration No. 07990151
PAUL D. WAITE LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2015
- 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 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:
Computer equipment
33% straight line basis
2
Fixed assets
Tangible assets
£
Cost
At 1 April 2014
2,248
Additions
2,252
Disposals
(1,649)
At 31 March 2015
2,851
Depreciation
At 1 April 2014
1,498
On disposals
(1,099)
Charge for the year
950
At 31 March 2015
1,349
Net book value
At 31 March 2015
1,502
At 31 March 2014
750
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
1 Ordinary Share of £1 each
1
1
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