Abbreviated Company Accounts - PENMON ASSOCIATES LIMITED

PENMON ASSOCIATES LIMITED - Company Information

09035826 PENMON ASSOCIATES LIMITED 2015-03-31 false 2014-05-12 2015-03-31 true 09035826 2014-05-12 2015-03-31 09035826 2015-03-31 09035826 uk-gaap-cd-bus:Director1 2014-05-12 2015-03-31 09035826 uk-gaap-cd-bus:Director2 2014-05-12 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-05-12 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 iso4217:GBP shares

Registered Number 09035826

PENMON ASSOCIATES LIMITED

Abbreviated Accounts

31 March 2015

PENMON ASSOCIATES LIMITED Registered Number 09035826

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015
		£
Fixed assets
Tangible assets	2	3,238
		3,238
Current assets
Debtors		79,893
Cash at bank and in hand		164,504
		244,397
Creditors: amounts falling due within one year		(96,213)
Net current assets (liabilities)		148,184
Total assets less current liabilities		151,422
Total net assets (liabilities)		151,422
Capital and reserves
Called up share capital	3	100
Profit and loss account		151,322
Shareholders' funds		151,422

For the year ending 31 March 2015 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 26 October 2015

And signed on their behalf by:
Mr A Langley, Director

PENMON ASSOCIATES LIMITED Registered Number 09035826

Notes to the Abbreviated Accounts for the period ended 31 March 2015

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.

Compliance with Accounting Standards
The financial statements are prepared in accordance with applicable UK Accounting Standards (UK GAAP), which have been applied consistently (except as otherwise stated).

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

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, as follows:
Equipment - 25% on net book value
Fixtures & fittings - 20% on net book value

2Tangible fixed assets

	£
Cost
Additions	4,276
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2015	4,276
Depreciation
Charge for the year	1,038
On disposals	-
At 31 March 2015	1,038
Net book values
At 31 March 2015	3,238

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £
100 Ordinary shares of £1 each	100