PV Generation Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 07721561 (England and Wales)

PV GENERATION LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

A A Yazdabadi

A J C Newman

R F Chamberlayne

S W Mahon

REGISTERED OFFICE:

Delta Place

27 Bath Road

Cheltenham

Gloucestershire

GL53 7TH

REGISTERED NUMBER:

07721561 (England and Wales)

FIXED ASSETS

Tangible assets

2

849,846

889,608

CURRENT ASSETS

Debtors

65,313

68,225

Cash at bank

96,682

14,103

161,995

82,328

CREDITORS

Amounts falling due within one year

3

36,217

5,979

NET CURRENT ASSETS

125,778

76,349

TOTAL ASSETS LESS CURRENT
LIABILITIES

975,624

965,957

CREDITORS

Amounts falling due after more than one
year

3

700,000

NET ASSETS

275,624

265,957

CAPITAL AND RESERVES

Called up share capital

4

6,000

Share premium

297,000

Profit and loss account

(27,376

)

(37,043

)

SHAREHOLDERS' FUNDS

275,624

265,957

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2015 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 9 June 2016 and were signed on its behalf by:

A A Yazdabadi - 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 January 2015).

Exemption from preparing a cash flow statement

The company has not prepared a cashflow statement as it qualifies as a small company under the Companies Act

2006 and as such has taken the exemption conferred under FRS Cash Flow Statements and the small companies

regime.

Turnover

Turnover represents sales of electricity net of value added tax. During the year all turnover was attributable to

markets within the UK.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

4% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Going concern

The directors have a reasonable expectation that the company has adequate resources to continue in operational

existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in

preparing the annual financial statements.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2014

and 30 September 2015

994,044

DEPRECIATION

At 1 October 2014

104,436

Charge for year

39,762

At 30 September 2015

144,198

NET BOOK VALUE

At 30 September 2015

849,846

At 30 September 2014

889,608

3.

CREDITORS

Creditors include an amount of £ 700,000 (2014 - £ 700,000 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

300,000

Ordinary 'A'

.01

3,000

300,000

Ordinary 'B'

.01

3,000

6,000