Penny Vintage Carriage Bodies Limited - Limited company - abbreviated

REGISTERED NUMBER: 03853638 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2015

FOR

PENNY VINTAGE CARRIAGE BODIES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

S Penny

Mrs W Penny

SECRETARY:

Mrs W Penny

REGISTERED OFFICE:

6 Langdale Court

Witney

Oxfordshire

OX28 6FG

REGISTERED NUMBER:

03853638 (England and Wales)

ACCOUNTANTS:

Bronsens

Chartered Certified Accountants

6 Langdale Court

Witney

Oxfordshire

OX28 6FG

FIXED ASSETS

Intangible assets

2

-

Tangible assets

3

4,633

6,179

4,633

6,179

CURRENT ASSETS

Stocks

3,775

Debtors

101,634

74,005

Cash at bank

19,496

17,426

124,905

95,206

CREDITORS

Amounts falling due within one year

95,190

75,036

NET CURRENT ASSETS

29,715

20,170

TOTAL ASSETS LESS CURRENT
LIABILITIES

34,348

26,349

PROVISIONS FOR LIABILITIES

624

349

NET ASSETS

33,724

26,000

CAPITAL AND RESERVES

Called up share capital

4

2

Profit and loss account

33,722

25,998

SHAREHOLDERS' FUNDS

33,724

26,000

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 23 November 2015 and were signed on its behalf
by:

Mrs W Penny - 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.

Goodwill

Goodwill paid in connection with the acquisition of a business in 2002 is now fully amortised.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to Leasehold Property

-

25% on reducing balance

Plant and machinery

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2014

30,000

Fully amortised

(30,000

)

At 30 April 2015

-

AMORTISATION

At 1 May 2014

30,000

Fully amortised

(30,000

)

At 30 April 2015

-

NET BOOK VALUE

At 30 April 2015

-

At 30 April 2014

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2014

and 30 April 2015

45,337

DEPRECIATION

At 1 May 2014

39,158

Charge for year

1,546

At 30 April 2015

40,704

NET BOOK VALUE

At 30 April 2015

4,633

At 30 April 2014

6,179

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.15

30.4.14

value:

£

1

A Ordinary

£1

1

B Ordinary

£1

1

2

Penny Vintage Carriage Bodies Limited - Limited company - abbreviated - 11.6

Penny Vintage Carriage Bodies Limited - Limited company - abbreviated - 11.6