Pencil Tree Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 08917016 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 28 February 2015

for

Pencil Tree Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mrs K Jackson

SECRETARY:

REGISTERED OFFICE:

BCL House

2 Pavilion Business Park

Royds Hall Road

LEEDS

West Yorkshire

LS12 6AJ

REGISTERED NUMBER:

08917016 (England and Wales)

ACCOUNTANTS:

BCL Accountants Ltd

BCL House

2 Pavilion Business Park

Royds Hall Road

LEEDS

LS12 6AJ

FIXED ASSETS

Tangible assets

2

15,725

CURRENT ASSETS

Stocks

7,000

Debtors

1,673

Cash at bank and in hand

530

9,203

CREDITORS

Amounts falling due within one year

21,627

NET CURRENT LIABILITIES

(12,424

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,301

PROVISIONS FOR LIABILITIES

2,052

NET ASSETS

1,249

CAPITAL AND RESERVES

Called up share capital

3

1

Profit and loss account

1,248

SHAREHOLDERS' FUNDS

1,249

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 26 June 2015 and were signed by:

Mrs K Jackson - 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 goods, 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

-

15% on reducing balance and Straight line over 10 years

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

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

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

16,773

At 28 February 2015

16,773

DEPRECIATION

Charge for year

1,048

At 28 February 2015

1,048

NET BOOK VALUE

At 28 February 2015

15,725

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

1

Ordinary

£1.00

1