Abbreviated Company Accounts - PENSARN LTD

Registered Number 08318478

PENSARN LTD

Abbreviated Accounts

31 December 2013

PENSARN LTD Registered Number 08318478

Abbreviated Balance Sheet as at 31 December 2013

	Notes	2013
		£
Called up share capital not paid		-
Fixed assets
Intangible assets		-
Tangible assets		-
Investments		-
		-
Current assets
Stocks		-
Debtors		1
Investments		-
Cash at bank and in hand		18
		19
Prepayments and accrued income		-
Creditors: amounts falling due within one year		0
Net current assets (liabilities)		19
Total assets less current liabilities		19
Creditors: amounts falling due after more than one year		0
Provisions for liabilities		0
Accruals and deferred income		0
Total net assets (liabilities)		19
Capital and reserves
Called up share capital		1
Profit and loss account		18
Shareholders' funds		19

For the year ending 31 December 2013 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 30 May 2014

And signed on their behalf by:
John B. Grimmett, Director

PENSARN LTD Registered Number 08318478

Notes to the Abbreviated Accounts for the period ended 31 December 2013

1Accounting Policies

Basis of measurement and preparation of accounts
These accounts have been prepared in accordance with the provisions applicable to
companies subject to the small companies regime.

Turnover policy
The turnover shown in the profit and loss account represents revenue recognised by the company in respect of goods and services supplied during the period, exclusive of Value Added Tax and trade discounts.

Tangible assets depreciation policy
Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life. Freehold buildings - 2% on cost or revalued amounts, Plant and Machinery - 15% on cost, Fixtures and fittings - 10% on cost, Motor vehicles - 25% on cost.

Intangible assets amortisation policy
Research and Development Expenditure on research and development is written off in the year in which it is incurred.