Pernitech Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 07389018 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2014

for

Pernitech Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

J H Hall

Mrs P J Hall

REGISTERED OFFICE:

Carlton House

High Street

Higham Ferrers

Northamptonshire

NN10 8BW

REGISTERED NUMBER:

07389018 (England and Wales)

ACCOUNTANTS:

P Willson & Co

Chartered Accountants

Carlton House

High Street

Higham Ferrers

Northamptonshire

NN10 8BW

FIXED ASSETS

Tangible assets

2

2,887

386

CURRENT ASSETS

Debtors

3,600

-

Cash at bank

112,167

21,713

115,767

21,713

CREDITORS

Amounts falling due within one year

52,740

7,876

NET CURRENT ASSETS

63,027

13,837

TOTAL ASSETS LESS CURRENT LIABILITIES

65,914

14,223

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

65,912

14,221

SHAREHOLDERS' FUNDS

65,914

14,223

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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 5 July 2014 and were signed on its behalf by:

J H Hall - 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 April 2008).

Turnover

Turnover represents the total invoice value of the sales made during the period. The company registered for VAT

under the flat rate scheme during the previous period - turnover includes VAT from this point. The payments due

to HMRC under the scheme are included within administrative expenses.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

Straight line over 3 years

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

1,156

Additions

4,310

At 31 March 2014

5,466

DEPRECIATION

At 1 April 2013

770

Charge for year

1,809

At 31 March 2014

2,579

NET BOOK VALUE

At 31 March 2014

2,887

At 31 March 2013

386

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.14

31.3.13

value:

£

£

2

Ordinary

£1

2

2