PEARSON ART LIMITED
|
Registered number: |
04700203
|
Abbreviated Balance Sheet |
as at 31 March 2015
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Notes |
|
2015 |
|
|
2014 |
|
|
|
£ |
£ |
|
£ |
£ |
Current assets |
Debtors |
|
|
2,549 |
|
|
- |
Cash at bank and in hand |
|
|
8,666 |
|
|
7,260 |
|
|
|
11,215 |
|
|
7,260 |
|
Creditors: amounts falling due within one year |
|
|
(7,123) |
|
|
(6,885) |
|
Net current assets |
|
|
|
4,092 |
|
|
375 |
|
Net assets |
|
|
|
4,092 |
|
|
375 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
3 |
|
|
2 |
|
|
2 |
Profit and loss account |
|
|
|
4,090 |
|
|
373 |
|
Shareholders' funds |
|
|
|
4,092 |
|
|
375 |
|
|
|
|
|
|
|
|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
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The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
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The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime and with the Financial Reporting Standard for Smaller Entities (January 2015).
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|
N Pearson |
Director |
Approved by the board on 27 October 2015
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PEARSON ART LIMITED
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Notes to the Abbreviated Accounts |
for the year ended 31 March 2015
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|
1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
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Going concern |
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The directors believe that the company will be able to maintain positive cash flows for the foreseeable future and be able to meet its liabilities as they fall due. As a result, the going concern basis of accounting has been adopted. |
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Turnover |
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Turnover represents the value of sales invoiced, exclusive of VAT.
|
|
|
Depreciation |
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Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
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Equipment |
25% straight line
|
|
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Deferred taxation |
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The company has adopted FRS 19, "Deferred tax", which, in general, requires provision to be made in respect of all material timing differences. Deferred tax assets are recognised to the extent that they are regarded as recoverable. |
|
|
2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 April 2014 |
2,196 |
|
At 31 March 2015 |
2,196 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2014 |
2,196 |
|
At 31 March 2015 |
2,196 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2015 |
- |
|
|
|
|
|
|
|
|
3 |
Share capital |
Nominal |
|
2015 |
|
2015 |
|
2014 |
|
|
value |
|
Number |
|
£ |
|
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares
|
£1 each |
|
2 |
|
2 |
|
2 |
|
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