P Train Limited - Abbreviated accounts 16.1
P Train Limited - Abbreviated accounts 16.1
| REGISTERED NUMBER: |
| ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2016 |
| FOR |
| P TRAIN LIMITED |
| P TRAIN LIMITED (REGISTERED NUMBER: 04741647) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| for the year ended 31 March 2016 |
| Page |
| Abbreviated Balance Sheet | 1 |
| Notes to the Abbreviated Accounts | 2 |
| P TRAIN LIMITED (REGISTERED NUMBER: 04741647) |
| ABBREVIATED BALANCE SHEET |
| 31 March 2016 |
| 2016 | 2015 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 2 |
| Tangible assets | 3 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 4 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 4 | ( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 5 |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| 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 financial statements were approved by the Board of Directors on |
| P TRAIN LIMITED (REGISTERED NUMBER: 04741647) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| for the year ended 31 March 2016 |
| 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 goods and services supplied, excluding value added tax. |
| Goodwill |
| Goodwill has been amortised evenly over its estimated useful life of ten years. |
| Tangible fixed assets |
| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
| Warehouse | - 10% on cost |
| Equipment | - 25% on reducing balance |
| Motor vehicles | - 25% on reducing balance |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value. |
| Deferred tax |
| Deferred tax is recognised as a liability or asset if the transactions or events that give an obligation to pay more tax in future |
| or a right to pay less tax in future have occurred by the balance sheet date. |
| Hire purchase and leasing commitments |
| Assets acquired under finance lease agreements, including hire purchase agreements, are capitalised and the corresponding |
| liability is included in creditors. Finance lease interest is charged to the profit and loss account on a straight line basis over |
| the period of the agreement. Operating lease rentals are charged against profits of the period to which they relate. |
| 2. | INTANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 April 2015 |
| and 31 March 2016 |
| AMORTISATION |
| At 1 April 2015 |
| and 31 March 2016 |
| NET BOOK VALUE |
| At 31 March 2016 |
| At 31 March 2015 |
| P TRAIN LIMITED (REGISTERED NUMBER: 04741647) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| for the year ended 31 March 2016 |
| 3. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 April 2015 |
| Additions |
| Disposals | ( |
) |
| At 31 March 2016 |
| DEPRECIATION |
| At 1 April 2015 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 31 March 2016 |
| NET BOOK VALUE |
| At 31 March 2016 |
| At 31 March 2015 |
| 4. | CREDITORS |
| Creditors include an amount of £ |
| 5. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2016 | 2015 |
| value: | £ | £ |
| Ordinary 'A' | £1 |
| Ordinary 'B' | £1 |
| 200 | 200 |