Pentagon Development Services Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 03380944 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 December 2013

for

Pentagon Development Services Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Statement by the Directors

6

Accountants' Independent Assurance Report

7

DIRECTORS:

TJ Reeve

AD Flinn

CR Smith

GP Hall

SECRETARY:

AD Flinn

REGISTERED OFFICE:

Pentagon Island

Nottingham

Derby

Derbyshire

DE21 6HB

REGISTERED NUMBER:

03380944 (England and Wales)

ACCOUNTANTS:

MT & A

8 Shobnall Rd

Burton on Trent

Staffordshire

DE14 2BA

FIXED ASSETS

Intangible assets

2

-

9,640

Tangible assets

3

117,232

176,600

117,232

186,240

CURRENT ASSETS

Stocks

28,257

37,622

Debtors

345,159

301,700

Cash in hand

500

500

373,916

339,822

CREDITORS

Amounts falling due within one year

446,381

411,931

NET CURRENT LIABILITIES

(72,465

)

(72,109

)

TOTAL ASSETS LESS CURRENT LIABILITIES

44,767

114,131

CREDITORS

Amounts falling due after more than one year

-

13,201

NET ASSETS

44,767

100,930

CAPITAL AND RESERVES

Called up share capital

4

20,100

20,100

Profit and loss account

24,667

80,830

SHAREHOLDERS' FUNDS

44,767

100,930

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2013 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 1 September 2014 and were signed on its behalf by:

AD Flinn - 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.

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.

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 January 2013

and 31 December 2013

129,155

AMORTISATION

At 1 January 2013

119,515

Amortisation for year

9,640

At 31 December 2013

129,155

NET BOOK VALUE

At 31 December 2013

-

At 31 December 2012

9,640

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2013

699,978

Additions

3,401

Disposals

(6,698

)

At 31 December 2013

696,681

DEPRECIATION

At 1 January 2013

523,378

Charge for year

60,164

Eliminated on disposal

(4,093

)

At 31 December 2013

579,449

NET BOOK VALUE

At 31 December 2013

117,232

At 31 December 2012

176,600

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.13

31.12.12

value:

£

£

20,100

Ordinary

1

20,100

20,100

We confirm that as directors we have met our duty in accordance with the Companies Act 2006 to:

-	ensure that the company has kept proper accounting records;

-	prepare financial statements which give a true and fair view of the state of the company as at 31 December 2013 and of its loss for that period in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008); and

-	follow the applicable accounting policies, subject to any material departures disclosed and explained in the notes to the financial statements.

ON BEHALF OF THE BOARD:

AD Flinn - Director

1 September 2014

We have performed certain procedures in respect of the company's unaudited financial statements for the

year ended 31 December 2013 on pages nil to nil, made enquiries of the company's directors and assessed

accounting policies adopted by the directors, in order to gather sufficient evidence for our conclusion in this

report.

This report is made solely to the company's directors, as a body, in accordance with our terms of

engagement. It has been released to the directors on the basis that this report shall not be copied, referred to

or disclosed, in whole (save for the directors' own internal purposes or as may be required by law or by a

competent regulator) or in part, without our prior written consent. Our work has been undertaken so that we

might state to the directors those matters that we have agreed to state to them in this report and for no other

purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other

than the company and the company's directors as a body for our work, for this report or the conclusions we

have formed.

Respective responsibilities

You have confirmed that you have met your duty as set out in the directors' statement on page nil. You

consider that the company is exempt from the statutory requirement for an audit for the year. Our

responsibility is to form and express an independent conclusion, based on the work carried out, to you on the

financial statements.

Scope

We conducted our engagement in accordance with the Institute of Chartered Accountants in England &

Wales Interim Technical Release AAF 03/06. Our work was based primarily upon enquiry, analytical

procedures and assessing accounting policies in accordance with the Financial Reporting Standard for

Smaller Entities (effective April 2008). If we considered it to be necessary, we also performed limited

examination of evidence relevant to certain balances and disclosures in the financial statements where we

became aware of matters that might indicate a risk of material misstatement in the financial statements.

The terms of our engagement exclude any requirement to carry out a comprehensive assessment of the risks

of material misstatement, a consideration of fraud, laws, regulations or internal controls, and we have not

done so. We are not required to, and we do not, express an audit opinion on these financial statements.

Conclusion

Based on our work, nothing has come to our attention to refute the directors' confirmation that in accordance

with the Companies Act 2006 the financial statements give a true and fair view of the state of the company's

affairs as at 31 December 2013 and of its loss for the year then ended and have been properly prepared in

accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

MT & A

8 Shobnall Rd

Burton on Trent

Staffordshire

DE14 2BA

1 September 2014