Abbreviated Company Accounts - PENNINE WAYS LIMITED

Abbreviated Company Accounts - PENNINE WAYS LIMITED

PENNINE WAYS LIMITED - Company Information

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Registered Number 06342973

PENNINE WAYS LIMITED

Abbreviated Accounts

31 March 2016

PENNINE WAYS LIMITED Registered Number 06342973

Abbreviated Balance Sheet as at 31 March 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 13,972 14,355
13,972 14,355
Current assets
Debtors 49,163 29,945
Cash at bank and in hand 3,136 182
52,299 30,127
Creditors: amounts falling due within one year (49,220) (67,833)
Net current assets (liabilities) 3,079 (37,706)
Total assets less current liabilities 17,051 (23,351)
Total net assets (liabilities) 17,051 (23,351)
Capital and reserves
Called up share capital 1 1
Profit and loss account 17,050 (23,352)
Shareholders' funds 17,051 (23,351)
  • For the year ending 31 March 2016 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 31 July 2016

And signed on their behalf by:
J P HIGGS, Director

PENNINE WAYS LIMITED Registered Number 06342973

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents net invoiced sales, excluding value added tax.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance

2Tangible fixed assets
£
Cost
At 1 April 2015 28,066
Additions 3,123
Disposals -
Revaluations -
Transfers -
At 31 March 2016 31,189
Depreciation
At 1 April 2015 13,711
Charge for the year 3,506
On disposals -
At 31 March 2016 17,217
Net book values
At 31 March 2016 13,972
At 31 March 2015 14,355