Power House Entertainment Ltd - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 03416705 (England and Wales)

Abbreviated Unaudited Accounts

For The Year Ended 30 September 2015

for

Power House Entertainment Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

R G Turner

Mrs A Turner

SECRETARY:

R G Turner

REGISTERED OFFICE:

14 North Parade

Penzance

Cornwall

TR18 4SL

REGISTERED NUMBER:

03416705 (England and Wales)

ACCOUNTANTS:

Anthony Williams & Co Limited

14 North Parade

Penzance

Cornwall

TR18 4SL

BANKERS:

NatWest plc

4 Commercial Square

Camborne

Cornwall

TR14 8EB

FIXED ASSETS

Tangible assets

2

39,515

26,895

CURRENT ASSETS

Stocks

3,650

3,850

Debtors

3

23,598

30,000

Cash at bank and in hand

227,403

147,977

254,651

181,827

CREDITORS

Amounts falling due within one year

75,388

53,627

NET CURRENT ASSETS

179,263

128,200

TOTAL ASSETS LESS CURRENT LIABILITIES

218,778

155,095

PROVISIONS FOR LIABILITIES

5,573

2,242

NET ASSETS

213,205

152,853

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

213,105

152,753

SHAREHOLDERS' FUNDS

213,205

152,853

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 22 October 2015 and were signed on its behalf by:

R G Turner - Director

Mrs A Turner - 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 the net sale of goods and services, net of VAT.

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

-

25% on reducing balance, 20% on reducing balance, 15% on reducing balance and 10% 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 October 2014

91,302

Additions

21,619

At 30 September 2015

112,921

DEPRECIATION

At 1 October 2014

64,407

Charge for year

8,999

At 30 September 2015

73,406

NET BOOK VALUE

At 30 September 2015

39,515

At 30 September 2014

26,895

3.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

The aggregate total of debtors falling due after more than one year is £ 18,000 (2014 - £ 20,000 )

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

100

Ordinary

£1

100

100