Abbreviated Company Accounts - PHILLIPS TEXTILES MACHINERY LTD

PHILLIPS TEXTILES MACHINERY LTD - Company Information

05699569 PHILLIPS TEXTILES MACHINERY LTD 2016-02-28 false 2015-03-01 2016-02-28 true 05699569 2015-03-01 2016-02-28 05699569 2016-02-28 05699569 2015-02-28 05699569 uk-gaap-cd-bus:Director1 2015-03-01 2016-02-28 05699569 uk-gaap-cd-bus:Director2 2015-03-01 2016-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-01 2016-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2016-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2015-02-28 iso4217:GBP shares

Registered Number 05699569

PHILLIPS TEXTILES MACHINERY LTD

Abbreviated Accounts

28 February 2016

PHILLIPS TEXTILES MACHINERY LTD Registered Number 05699569

Abbreviated Balance Sheet as at 28 February 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	583	1,793
		583	1,793
Current assets
Stocks		9,498	13,840
Debtors		36,064	8,398
Cash at bank and in hand		675	420
		46,237	22,658
Creditors: amounts falling due within one year		(67,531)	(58,733)
Net current assets (liabilities)		(21,294)	(36,075)
Total assets less current liabilities		(20,711)	(34,282)
Total net assets (liabilities)		(20,711)	(34,282)
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		(20,811)	(34,382)
Shareholders' funds		(20,711)	(34,282)

For the year ending 28 February 2016 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 18 April 2016

And signed on their behalf by:
A.BOOTH, Director

PHILLIPS TEXTILES MACHINERY LTD Registered Number 05699569

Notes to the Abbreviated Accounts for the period ended 28 February 2016

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 value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

2Tangible fixed assets

	£
Cost
At 1 March 2015	8,750
Additions	-
Disposals	(6,500)
Revaluations	-
Transfers	-
At 28 February 2016	2,250
Depreciation
At 1 March 2015	6,957
Charge for the year	241
On disposals	(5,531)
At 28 February 2016	1,667
Net book values
At 28 February 2016	583
At 28 February 2015	1,793

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
100 Ordinary shares of £1 each	100	100