PNAU_LTD - Accounts

PNAU LIMITED - Company Information

Print Friendly Version

Company Registration No. 07008125 (England and Wales)

PNAU LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2015

PNAU LTD

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

PNAU LTD

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

6,658

9,149

Current assets

Debtors

743

Cash at bank and in hand

12,875

20,314

12,875

21,057

Creditors: amounts falling due within one year

(41,103)

(40,098)

Net current liabilities

(28,228)

(19,041)

Total assets less current liabilities

(21,570)

(9,892)

Capital and reserves

Called up share capital

Profit and loss account

(21,572)

(9,894)

Shareholders' funds

(21,570)

(9,892)

For the financial year ended 31 December 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 23 September 2016

P Mayes

Director

Company Registration No. 07008125

PNAU LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

- 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 royalty and rental income .royalty and rental income.

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

33.3% reducing balance

Fixtures, fittings & equipment

25% reducing balance

1.5

Foreign currency translation

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

Fixed assets

Tangible assets

Cost

At 1 January 2015 & at 31 December 2015

46,257

Depreciation

At 1 January 2015

37,107

Charge for the year

2,492

At 31 December 2015

39,599

Net book value

At 31 December 2015

6,658

At 31 December 2014

9,149

PNAU LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2015

- 3 -

Share capital

2015

2014

Authorised

1,000 Ordinary of £1 each

1,000

Allotted, called up and fully paid

2 Ordinary of £1 each