Pinewood Electrical Controls Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 08412042 (England and Wales)

PINEWOOD ELECTRICAL CONTROLS LIMITED

ABBREVIATED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

J Parfitt

Mrs A Parfitt

REGISTERED OFFICE:

3 Roberts Mews

Orpington

Kent

BR6 0JP

REGISTERED NUMBER:

08412042 (England and Wales)

ACCOUNTANTS:

Perrys Accountants Limited

Chartered Accountants

Perry House

32-34 St Johns Road

Tunbridge Wells

Kent

TN4 9NT

FIXED ASSETS

Tangible assets

2

6,802

9,380

CURRENT ASSETS

Debtors

8,450

10,879

Cash at bank

28,892

7,522

37,342

18,401

CREDITORS

Amounts falling due within one year

38,811

27,877

NET CURRENT LIABILITIES

(1,469

)

(9,476

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

5,333

(96

)

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

5,331

(98

)

SHAREHOLDERS' FUNDS

5,333

(96

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2016 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 9 September 2016 and were signed on
its behalf by:

J Parfitt - 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 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

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on cost

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to the profit and loss account in the period to which they

relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 March 2015

and 29 February 2016

16,712

DEPRECIATION

At 1 March 2015

7,332

Charge for year

2,578

At 29 February 2016

9,910

NET BOOK VALUE

At 29 February 2016

6,802

At 28 February 2015

9,380

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

1

Ordinary A

£1

1

Ordinary B

£1

1

2

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet there was a directors' loan account balance of £16,043, this was included within

other creditors.