Porosol Limited - Limited company - abbreviated

REGISTERED NUMBER: 01255885 (England and Wales)

Porosol Limited

Abbreviated Accounts

For The Year Ended 30 June 2015

Page

Abbreviated Balance Sheet

1

to

2

Notes to the Abbreviated Accounts

3

FIXED ASSETS

Tangible assets

2

2,714

3,194

CURRENT ASSETS

Stocks

15,621

16,850

Debtors

1,420

1,471

Prepayments and accrued income

579

548

Cash at bank

1,610

1,701

19,230

20,570

CREDITORS

Amounts falling due within one year

10,458

12,078

NET CURRENT ASSETS

8,772

8,492

TOTAL ASSETS LESS CURRENT
LIABILITIES

11,486

11,686

PROVISIONS FOR LIABILITIES

416

484

NET ASSETS

11,070

11,202

CAPITAL AND RESERVES

Called up share capital

3

10,590

Profit and loss account

480

612

SHAREHOLDERS' FUNDS

11,070

11,202

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

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

T E Shaw - 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.

Tangible fixed assets

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

Office equipment

-

15% on reducing balance

Motor vehicles

-

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2014

and 30 June 2015

8,733

DEPRECIATION

At 1 July 2014

5,539

Charge for year

480

At 30 June 2015

6,019

NET BOOK VALUE

At 30 June 2015

2,714

At 30 June 2014

3,194

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

10,000

'A' Ordinary

£1

10,000

590

'B' Ordinary

£1

590

10,590

4.	ULTIMATE CONTROLLING PARTY

The company is under the control of P H Shaw.

Porosol Limited - Limited company - abbreviated - 11.9

Porosol Limited - Limited company - abbreviated - 11.9