Abbreviated Company Accounts - PENATRADA LIMITED

Registered Number 08172868

PENATRADA LIMITED

Abbreviated Accounts

31 December 2015

PENATRADA LIMITED Registered Number 08172868

Abbreviated Balance Sheet as at 31 December 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	4,925	7,382
		4,925	7,382
Current assets
Debtors		1,000	1,000
Cash at bank and in hand		12,492	17,553
		13,492	18,553
Creditors: amounts falling due within one year		(8,319)	(21,923)
Net current assets (liabilities)		5,173	(3,370)
Total assets less current liabilities		10,098	4,012
Total net assets (liabilities)		10,098	4,012
Capital and reserves
Called up share capital		35,000	35,000
Share premium account		25,560	-
Profit and loss account		(50,462)	(30,988)
Shareholders' funds		10,098	4,012

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 15 April 2016

And signed on their behalf by:
Luis Hui, Director

PENATRADA LIMITED Registered Number 08172868

Notes to the Abbreviated Accounts for the period ended 31 December 2015

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 January 2015).

Turnover policy
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.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their
estimated useful lives.
Plant and machinery 20% straight line
Motor vehicles 25% straight line

Valuation information and policy
Stock is valued at the lower of cost and net realisable value.

Other accounting policies
Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the
recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred
taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the
periods when the timing differences will reverse.

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

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.

2Tangible fixed assets

	£
Cost
At 1 January 2015	9,832
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2015	9,832
Depreciation
At 1 January 2015	2,450
Charge for the year	2,457
On disposals	-
At 31 December 2015	4,907
Net book values
At 31 December 2015	4,925
At 31 December 2014	7,382