Pennine Demand Creation Limited Small abridged accounts
Pennine Demand Creation Limited Small abridged accounts
Statement of Consent to Prepare Abridged Financial Statements |
COMPANY REGISTRATION NUMBER:
08608730
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Abridged Financial Statements |
Year ended 31 July 2018
Contents |
Page |
Chartered accountant's report to the board of directors on the preparation of the unaudited statutory abridged financial statements |
1 |
Abridged statement of financial position |
2 |
Notes to the abridged financial statements |
4 |
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Chartered Accountant's Report to the Board of Directors on the Preparation of the Unaudited Statutory Abridged Financial Statements of
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Year ended 31 July 2018
Oswaldtwistle Mills Business Centre
Clifton Mill
Pickup Street
Oswaldtwistle
BB5 0EY
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Abridged Statement of Financial Position |
2018 |
2017 |
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Note |
£ |
£ |
£ |
Fixed assets
Tangible assets |
5 |
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Current assets
Cash at bank and in hand |
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Creditors: amounts falling due within one year |
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------- |
-------- |
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Net current assets |
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------- |
------- |
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Total assets less current liabilities |
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Provisions
Taxation including deferred tax |
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------- |
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Net assets |
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Capital and reserves
Called up share capital |
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Profit and loss account |
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------- |
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Shareholders funds |
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------- |
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In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.
Directors' responsibilities:
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The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476
;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements
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Abridged Statement of Financial Position (continued) |
These abridged financial statements were approved by the
board of directors
and authorised for issue on
14 January 2019
, and are signed on behalf of the board by:
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Director |
Company registration number:
08608730
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Notes to the Abridged Financial Statements |
Year ended 31 July 2018
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Oswaldtwistle Mills Business Centre, Clifton Mill, Pickup Street, Oswaldtwistle, BB5 0EY.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Judgements and key sources of estimation uncertainty
Revenue recognition
Income tax
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings |
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Impairment of fixed assets
Provisions
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.
Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
2
(2017:
2
).
5.
Tangible assets
£ |
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Cost |
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At 1 August 2017 |
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Additions |
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------- |
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At 31 July 2018 |
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------- |
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Depreciation |
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At 1 August 2017 |
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Charge for the year |
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------- |
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At 31 July 2018 |
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------- |
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Carrying amount |
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At 31 July 2018 |
848 |
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At 31 July 2017 |
617 |
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