Pattern Textiles Limited - Abbreviated accounts

PATTERN TEXTILES LIMITED - Company Information

Registered number

05577006

Pattern Textiles Limited

Abbreviated Accounts

31 December 2015

Pattern Textiles Limited
Registered number:		05577006
Abbreviated Balance Sheet
as at 31 December 2015

Notes			2015			2014
£				£
Current assets
Debtors		131,525			127,514
Cash at bank and in hand		32,840			49,253
		164,365			176,767

Creditors: amounts falling due within one year		(113,887)			(114,543)

Net current assets			50,478			62,224

Total assets less current liabilities			50,478			62,224

Creditors: amounts falling due after more than one year			(48,888)			(60,509)



Net assets			1,590			1,715

Capital and reserves
Called up share capital	2		1,500			1,500
Profit and loss account			90			215

Shareholders' funds			1,590			1,715

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



R Ward-Jackson			S Neal
Director			Director
Approved by the board on 21 April 2016

Pattern Textiles Limited
Notes to the Abbreviated Accounts
for the year ended 31 December 2015

1	Accounting policies

	Basis of preparation
	The accounts 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 the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

	Stocks
	Stock is valued at the lower of cost and net realisable value.

	Foreign currencies
	Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.

	Leasing and hire purchase commitments
	Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding. Rentals paid under operating leases are charged to income on a straight line basis over the lease term.


2	Share capital	Nominal		2015		2015		2014
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		1,500		1,500		1,500