Pineworx Limited - Period Ending 2015-12-31

Registration number: 04824926

Pineworx Limited Unaudited Abbreviated Accounts for the Year Ended 31 December 2015

A Wood and Co LLP
Chartered Accountants
18-20 Moorland Road
Burslem
Stoke-on-Trent
Staffordshire
ST6 1DW

Pineworx Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Pineworx Limited
(Registration number: 04824926)
Abbreviated Balance Sheet at 31 December 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					3,459			4,319
Current assets
Debtors					6,205			16,981
Cash at bank and in hand					4,481			8
					10,686			16,989
Creditors: Amounts falling due within one year					(13,983)			(21,145)
Net current liabilities					(3,297)			(4,156)
Net assets					162			163
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					62			63
Shareholders' funds					162			163

For the year ending 31 December 2015 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 28 September 2016 and signed on its behalf by:

.........................................
P Holding
Director

.........................................
RI Kyles
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Pineworx Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Going concern

The financial statements have been prepared on a going concern basis.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant and machinery	20% Reducing balance
Fixtures and fittings	25% Reducing balance
Office equipment	15% Reducing balance

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 2

Pineworx Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 January 2015		36,322			36,322
At 31 December 2015		36,322			36,322
Depreciation
At 1 January 2015		32,003			32,003
Charge for the year		860			860
At 31 December 2015		32,863			32,863
Net book value
At 31 December 2015		3,459			3,459
At 31 December 2014		4,319			4,319

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary shares of £1 each		100			100			100			100

Page 3