Abbreviated Company Accounts - PUNJAB TEXTILES (SOUTHALL) LIMITED

PUNJAB TEXTILES (SOUTHALL) LIMITED - Company Information

05706782 PUNJAB TEXTILES (SOUTHALL) LIMITED 2015-03-31 false 2014-04-01 2015-03-31 true 05706782 2014-04-01 2015-03-31 05706782 2015-03-31 05706782 2014-03-31 05706782 uk-gaap-cd-bus:Director1 2014-04-01 2015-03-31 05706782 uk-gaap-cd-bus:Director2 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 iso4217:GBP shares

Registered Number 05706782

PUNJAB TEXTILES (SOUTHALL) LIMITED

Abbreviated Accounts

31 March 2015

PUNJAB TEXTILES (SOUTHALL) LIMITED Registered Number 05706782

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	1,255	1,290
		1,255	1,290
Current assets
Stocks		43,410	98,600
Debtors	3	50,074	942
Cash at bank and in hand		57,049	38,108
		150,533	137,650
Creditors: amounts falling due within one year	4	(141,390)	(126,560)
Net current assets (liabilities)		9,143	11,090
Total assets less current liabilities		10,398	12,380
Total net assets (liabilities)		10,398	12,380
Capital and reserves
Called up share capital	5	100	100
Profit and loss account		10,298	12,280
Shareholders' funds		10,398	12,380

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 2 September 2015

And signed on their behalf by:
M Y Malik, Director

PUNJAB TEXTILES (SOUTHALL) LIMITED Registered Number 05706782

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 January 2015.

Turnover policy
Turnover represents the value, net of value added tax, of goods provided to customers

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and machinery 20% straight line

2Tangible fixed assets

	£
Cost
At 1 April 2014	4,952
Additions	448
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2015	5,400
Depreciation
At 1 April 2014	3,662
Charge for the year	483
On disposals	-
At 31 March 2015	4,145
Net book values
At 31 March 2015	1,255
At 31 March 2014	1,290

3Debtors

	2015 £	2014 £
Debtors include the following amounts due after more than one year	50,074	942

4Creditors

	2015 £	2014 £
Secured Debts	141,390	126,560

5Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
100 Ordinary shares of £1 each	100	100