Abbreviated Company Accounts - PNAU LIMITED

Registered Number 07008125

PNAU LIMITED

Abbreviated Accounts

31 December 2013

PNAU LIMITED Registered Number 07008125

Abbreviated Balance Sheet as at 31 December 2013

	Notes	2013	2012
		£	£
Called up share capital not paid		-	-
Fixed assets
Tangible assets	2	12,628	17,451
		12,628	17,451
Current assets
Stocks		-	-
Debtors		6,249	70,009
Cash at bank and in hand		11,444	10,806
		17,693	80,815
Creditors: amounts falling due within one year		(47,711)	(118,211)
Net current assets (liabilities)		(30,018)	(37,396)
Total assets less current liabilities		(17,390)	(19,945)
Total net assets (liabilities)		(17,390)	(19,945)
Capital and reserves
Called up share capital		2	2
Profit and loss account		(17,392)	(19,947)
Shareholders' funds		(17,390)	(19,945)

For the year ending 31 December 2013 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 9 September 2014

And signed on their behalf by:
Peter Mayes, Director

PNAU LIMITED Registered Number 07008125

Notes to the Abbreviated Accounts for the period ended 31 December 2013

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents amounts receivable for royalties and performance fees net of VAT.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life. Plant and machinery: 33% reducing balance. Fixtures, fittings and equipment: 25% reducing balance.

Other accounting policies
Foreign currency translation. Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

2Tangible fixed assets

	£
Cost
At 1 January 2013	46,257
Additions	0
Disposals	0
Revaluations	0
Transfers	0
At 31 December 2013	46,257
Depreciation
At 1 January 2013	28,806
Charge for the year	4,823
On disposals	0
At 31 December 2013	33,629
Net book values
At 31 December 2013	12,628
At 31 December 2012	17,451