PINECONE_LOG_HOMES_LIMITE - Accounts
PINECONE_LOG_HOMES_LIMITE - Accounts
Company Registration No. 05184899 (England and Wales)
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2015
Chartered Accountants
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
ABBREVIATED BALANCE SHEET
AS AT
31 JULY 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
-
Current assets
Cash at bank and in hand
Creditors: amounts falling due within one year
(83,996 )
(81,146 )
Net current liabilities
(79,300 )
(71,423 )
Total assets less current liabilities
(79,300 )
(71,306 )
Capital and reserves
Called up share capital
3
Profit and loss account
(79,302 )
(71,308 )
Shareholders' funds
(79,300 )
(71,306 )
Director's responsibilities:
-
-
Approved by the Board and authorised for issue on 31 December 2015
Director
Company Registration No. 05184899
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The company meets its day to day working capital requirements through a loan from the director.
The nature of the company's business is such that there can be considerable unpredictable variation in the timing of cash inflows. The director has prepared projected cash flow information for the period ending 12 months from the date of his approval of these financial statements. On the basis of this cash flow information, and the assurance by the director that his continued support will be forthcoming, the director considers that the company will continue to operate as a going concern. On this basis, the director considers it appropriate to prepare the financial statements on the going concern basis.
The nature of the company's business is such that there can be considerable unpredictable variation in the timing of cash inflows. The director has prepared projected cash flow information for the period ending 12 months from the date of his approval of these financial statements. On the basis of this cash flow information, and the assurance by the director that his continued support will be forthcoming, the director considers that the company will continue to operate as a going concern. On this basis, the director considers it appropriate to prepare the financial statements on the going concern basis.
The company has taken advantage of the exemption in Financial Reporting Standard No 1 from the requirement to produce a cash flow statement on the grounds that it is a small company.
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
1.4
Tangible fixed assets and depreciation
Fixtures, fittings and equipment
1.5
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2015
- 3 -
2
Fixed assets
Tangible assets
£
Cost
At 1 August 2014 & at 31 July 2015
1,932
Depreciation
At 1 August 2014
1,815
Charge for the year
117
At 31 July 2015
1,932
Net book value
At 31 July 2015
-
At 31 July 2014
117
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid