Pentagon Bakery Systems Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 03887807 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31ST DECEMBER 2015

FOR

PENTAGON BAKERY SYSTEMS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr R Greenwood

Mr S Greenwood

REGISTERED OFFICE:

Charter House

Stansfield Street

Nelson

Lancashire

BB9 9XY

REGISTERED NUMBER:

03887807 (England and Wales)

ACCOUNTANTS:

Ainsworths Limited

Chartered Accountants

Charter House

Stansfield Street

Nelson

Lancashire

BB9 9XY

FIXED ASSETS

Tangible assets

2

1,883

2,216

CURRENT ASSETS

Stocks

15,000

Debtors

57,401

52,110

Cash at bank

5,198

14,413

77,599

81,523

CREDITORS

Amounts falling due within one year

58,212

39,608

NET CURRENT ASSETS

19,387

41,915

TOTAL ASSETS LESS CURRENT
LIABILITIES

21,270

44,131

PROVISIONS FOR LIABILITIES

353

415

NET ASSETS

20,917

43,716

CAPITAL AND RESERVES

Called up share capital

3

Profit and loss account

20,914

43,713

SHAREHOLDERS' FUNDS

20,917

43,716

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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 8th August 2016 and were signed on its behalf by:

Mr R Greenwood - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The shareholders have given assurances that they will continue to support the company financially for the

foreseeable future. As a result of this the accounts have been prepared on the basis that the company is a going

concern.

However without the support of the shareholders it is doubtful as to whether the company could continue to meet

its liabilities in the long term.

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).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

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

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

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

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st January 2015

and 31st December 2015

9,064

DEPRECIATION

At 1st January 2015

6,848

Charge for year

333

At 31st December 2015

7,181

NET BOOK VALUE

At 31st December 2015

1,883

At 31st December 2014

2,216

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.15

31.12.14

value:

£

2

Ordinary

£1

2

1

Ordinary A

£1

1

3

4.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr S Greenwood.