Abbreviated Company Accounts - PORTWELL DEVELOPMENTS LTD

Abbreviated Company Accounts - PORTWELL DEVELOPMENTS LTD

PORTWELL DEVELOPMENTS LTD - Company Information

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Registered Number 06345909

PORTWELL DEVELOPMENTS LTD

Abbreviated Accounts

31 October 2015

PORTWELL DEVELOPMENTS LTD Registered Number 06345909

Abbreviated Balance Sheet as at 31 October 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 6,424 6,835
6,424 6,835
Current assets
Stocks 185,826 127,541
Debtors 831 3,122
Cash at bank and in hand 3,544 11,034
190,201 141,697
Creditors: amounts falling due within one year (177,850) (69,371)
Net current assets (liabilities) 12,351 72,326
Total assets less current liabilities 18,775 79,161
Accruals and deferred income (1,620) (1,620)
Total net assets (liabilities) 17,155 77,541
Capital and reserves
Called up share capital 20 20
Profit and loss account 17,135 77,521
Shareholders' funds 17,155 77,541
  • For the year ending 31 October 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 31 May 2016

And signed on their behalf by:
Timothy Jewell, Director
Neil Porter, Director

PORTWELL DEVELOPMENTS LTD Registered Number 06345909

Notes to the Abbreviated Accounts for the period ended 31 October 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.

2Tangible fixed assets
£
Cost
At 1 November 2014 20,452
Additions 1,500
Disposals -
Revaluations -
Transfers -
At 31 October 2015 21,952
Depreciation
At 1 November 2014 13,617
Charge for the year 1,911
On disposals -
At 31 October 2015 15,528
Net book values
At 31 October 2015 6,424
At 31 October 2014 6,835