Abbreviated Company Accounts - PENTHEALTH LIMITED

PENTHEALTH LIMITED - Company Information

07777468 PENTHEALTH LIMITED 2015-11-30 false 2014-12-01 2015-11-30 true 07777468 2014-12-01 2015-11-30 07777468 2015-11-30 07777468 2014-11-30 07777468 uk-gaap-cd-bus:Director1 2014-12-01 2015-11-30 07777468 uk-gaap-cd-bus:Director2 2014-12-01 2015-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-01 2015-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-11-30 iso4217:GBP shares

Registered Number 07777468

PENTHEALTH LIMITED

Abbreviated Accounts

30 November 2015

PENTHEALTH LIMITED Registered Number 07777468

Abbreviated Balance Sheet as at 30 November 2015

	Notes	2015	2014
		£	£
Fixed assets
Intangible assets	2	824,003	875,502
Tangible assets	3	13,475	15,921
		837,478	891,423
Current assets
Stocks		49,425	49,657
Debtors		282,932	220,423
Cash at bank and in hand		33,365	44,172
		365,722	314,252
Creditors: amounts falling due within one year		(258,770)	(304,480)
Net current assets (liabilities)		106,952	9,772
Total assets less current liabilities		944,430	901,195
Creditors: amounts falling due after more than one year		(705,965)	(741,998)
Total net assets (liabilities)		238,465	159,197
Capital and reserves
Called up share capital	4	100	100
Profit and loss account		238,365	159,097
Shareholders' funds		238,465	159,197

For the year ending 30 November 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 15 February 2016

And signed on their behalf by:
Narvinder Nandra, Director

PENTHEALTH LIMITED Registered Number 07777468

Notes to the Abbreviated Accounts for the period ended 30 November 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.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year
and derives from the provision of goods falling within the company's ordinary activities.

Tangible assets depreciation policy
Depreciation is provided by the Company at rates calculated to write off the cost or valuation of its tangible fixed assets, less their estimated residual value, over their useful economic lives on the following basis:
Leasehold Properties Straight Line Over the Life of the Lease
Fittings and Equipment 15% on a Reducing Balance Basis
Motor Vehicles 25% on a Reducing Balance Basis

Intangible assets amortisation policy
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 20 years.

2Intangible fixed assets

	£
Cost
At 1 December 2014	1,029,999
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 November 2015	1,029,999
Amortisation
At 1 December 2014	154,497
Charge for the year	51,499
On disposals	-
At 30 November 2015	205,996
Net book values
At 30 November 2015	824,003
At 30 November 2014	875,502

3Tangible fixed assets

	£
Cost
At 1 December 2014	26,393
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 November 2015	26,393
Depreciation
At 1 December 2014	10,472
Charge for the year	2,446
On disposals	-
At 30 November 2015	12,918
Net book values
At 30 November 2015	13,475
At 30 November 2014	15,921

4Called Up Share Capital
Allotted, called up and fully paid:

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