Pennswood Ltd - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 05627977 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 NOVEMBER 2013

FOR

PENNSWOOD LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

J A Draper

SECRETARY:

A Draper

REGISTERED OFFICE:

Fort Dunlop

Dunlop Parkway

Birmingham

B24 9FE

REGISTERED NUMBER:

05627977 (England and Wales)

ACCOUNTANTS:

Boden Piper Limited

446 - 450 Kingstanding Road

Birmingham

West Midlands

B44 9SA

FIXED ASSETS

Tangible assets

2

516

1,313

CURRENT ASSETS

Debtors

100

1

Cash at bank

10,785

16,066

10,885

16,067

CREDITORS

Amounts falling due within one year

7,578

8,666

NET CURRENT ASSETS

3,307

7,401

TOTAL ASSETS LESS CURRENT LIABILITIES

3,823

8,714

CAPITAL AND RESERVES

Called up share capital

3

100

1

Profit and loss account

3,723

8,713

SHAREHOLDERS' FUNDS

3,823

8,714

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2013 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 29 July 2014 and were signed by:

J Draper - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2012

7,061

Additions

300

At 30 November 2013

7,361

DEPRECIATION

At 1 December 2012

5,748

Charge for year

1,097

At 30 November 2013

6,845

NET BOOK VALUE

At 30 November 2013

516

At 30 November 2012

1,313

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2013

2012

value:

£

£

100

Ordinary Shares

1

100

1

(2012 - 1 )

99 Ordinary Shares shares of 1 were issued during the year for cash of £ 99 .