PNP Trading Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 07862486 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 November 2013

for

PNP Trading Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

A Saroonzadeh

REGISTERED OFFICE:

277-279 Chiswick High Ropad

Chiswick

London

W4 4PU

REGISTERED NUMBER:

07862486 (England and Wales)

ACCOUNTANTS:

Flintham Mackenzie

Chartered Accountants

277 - 279 Chiswick High Road

Chiswick

London

W4 4PU

FIXED ASSETS

Tangible assets

2

241

322

CURRENT ASSETS

Stocks

17,450

10,580

Debtors

16,342

17,063

Prepayments and accrued income

19,111

28,426

Cash at bank

11,956

5,122

64,859

61,191

CREDITORS

Amounts falling due within one year

54,638

57,406

NET CURRENT ASSETS

10,221

3,785

TOTAL ASSETS LESS CURRENT LIABILITIES

10,462

4,107

CAPITAL AND RESERVES

Called up share capital

3

1

1

Profit and loss account

10,461

4,106

SHAREHOLDERS' FUNDS

10,462

4,107

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 August 2014 and were signed by:

A Saroonzadeh - 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

-

20% on cost

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

At 1 December 2012

and 30 November 2013

403

DEPRECIATION

At 1 December 2012

81

Charge for year

81

At 30 November 2013

162

NET BOOK VALUE

At 30 November 2013

241

At 30 November 2012

322

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2013

2012

value:

£

£

1

Ordinary shares

£1

1

1