Abbreviated Company Accounts - PURETECH ELECTRONICS LTD

PURETECH ELECTRONICS LTD - Company Information

08550354 PURETECH ELECTRONICS LTD 2016-05-31 false 2015-06-01 2016-05-31 true 08550354 2015-06-01 2016-05-31 08550354 2016-05-31 08550354 2015-05-31 08550354 uk-gaap-cd-bus:Director1 2015-06-01 2016-05-31 08550354 uk-gaap-cd-bus:Director2 2015-06-01 2016-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-06-01 2016-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-05-31 iso4217:GBP shares

Registered Number 08550354

PURETECH ELECTRONICS LTD

Abbreviated Accounts

31 May 2016

PURETECH ELECTRONICS LTD Registered Number 08550354

Abbreviated Balance Sheet as at 31 May 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	1,561	3,079
		1,561	3,079
Current assets
Stocks		69	-
Debtors		6,390	3,000
Cash at bank and in hand		1,008	83
		7,467	3,083
Creditors: amounts falling due within one year		(2,241)	(2,228)
Net current assets (liabilities)		5,226	855
Total assets less current liabilities		6,787	3,934
Total net assets (liabilities)		6,787	3,934
Capital and reserves
Called up share capital	3	1,000	1,000
Profit and loss account		5,787	2,934
Shareholders' funds		6,787	3,934

For the year ending 31 May 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 29 June 2016

And signed on their behalf by:
Mr Abdus Sattar, Director

PURETECH ELECTRONICS LTD Registered Number 08550354

Notes to the Abbreviated Accounts for the period ended 31 May 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 January 2015).

Turnover policy
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor Vehicles 33.3% straight line
Computer Equipment 33.3% straight line

Valuation information and policy
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2Tangible fixed assets

	£
Cost
At 1 June 2015	4,558
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2016	4,558
Depreciation
At 1 June 2015	1,479
Charge for the year	1,518
On disposals	-
At 31 May 2016	2,997
Net book values
At 31 May 2016	1,561
At 31 May 2015	3,079

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

	2016 £	2015 £
1,000 Ordinary shares of £1 each	1,000	1,000