PENTON_ENTERPRISE_LIMITED - Accounts

PENTON ENTERPRISE LIMITED - Company Information

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Company Registration No. 06242530 (England and Wales)

PENTON ENTERPRISE LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2016

Chartered Accountants

Company Registration No. 06242530 (England and Wales)

PENTON ENTERPRISE LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2016

Richard Anthony

Chartered Accountants

PENTON ENTERPRISE LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

PENTON ENTERPRISE LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 APRIL 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

9,190

10,524

Current assets

Debtors

715,018

428,294

Cash at bank and in hand

22,343

407,728

737,361

836,022

Creditors: amounts falling due within one year

(51,779)

(102,817)

Net current assets

685,582

733,205

Total assets less current liabilities

694,772

743,729

Capital and reserves

Called up share capital

Profit and loss account

694,770

743,727

Shareholders' funds

694,772

743,729

For the financial year ended 30 April 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 25 August 2016

Dr A Sadana

Director

Company Registration No. 06242530

PENTON ENTERPRISE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

25% Reducing balance

Fixtures, fittings & equipment

25% Reducing balance

Fixed assets

Tangible assets

Cost

At 1 May 2015

44,912

Additions

1,397

At 30 April 2016

46,309

Depreciation

At 1 May 2015

34,388

Charge for the year

2,731

At 30 April 2016

37,119

Net book value

At 30 April 2016

9,190

At 30 April 2015

10,524

Share capital

2016

2015

Allotted, called up and fully paid

2 Ordinary Shares of £1 each

PENTON ENTERPRISE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 APRIL 2016

- 3 -

Share capital

2016

2015

Allotted, called up and fully paid

2 Ordinary shares of £1 each

Related party relationships and transactions

Advances and credits granted to the directors during the year are outlined in the table below:

% Rate

Opening Balance

Amounts Advanced

Interest Charged

Amounts Repaid

Closing Balance

Dr A Sadana - Director Loan account

3,294

486,449

208,700

281,043

3,294

486,449

208,700

281,043

£280,000 of the closing balance of the Directors Loan Account was repaid on 14 June 2016.

Related party relationships and transactions

Advances and credits granted to the directors during the year are outlined in the table below:

% Rate

Opening Balance

Amounts Advanced

Interest Charged

Amounts Repaid

Closing Balance

Dr A Sadana - Director Loan account

3,294

486,449

208,700

281,043

3,294

486,449

208,700

281,043

£280,000 of the closing balance of the Directors Loan Account was repaid on 14 June 2016.