PNL Agency Ltd - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 02495245 (England and Wales)

PNL Agency Ltd

Abbreviated Unaudited Accounts for the Year Ended 31st December 2013

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

P Stojcevic

REGISTERED OFFICE:

Decimal Place

8 Blandfield Road

London

SW12 8BG

REGISTERED NUMBER:

02495245 (England and Wales)

ACCOUNTANTS:

The Decimal Place

8 Blandfield Road

London

SW12 8BG

BANKERS:

Lloyds TSB

West Dulwich

London

SE21

FIXED ASSETS

Tangible assets

2

62,597

65,796

CURRENT ASSETS

Debtors

19,857

20,192

Cash at bank

7,173

7,129

27,030

27,321

CREDITORS

Amounts falling due within one year

172,823

179,790

NET CURRENT LIABILITIES

(145,793

)

(152,469

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(83,196

)

(86,673

)

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

(83,296

)

(86,773

)

SHAREHOLDERS' FUNDS

(83,196

)

(86,673

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2013 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 12th September 2014 and were signed by:

P Stojcevic - Director

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 April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% on cost

Plant and machinery

-

25% on cost

Fixtures and fittings

-

25% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated

but not reversed at the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st January 2013

and 31st December 2013

158,123

DEPRECIATION

At 1st January 2013

92,327

Charge for year

3,199

At 31st December 2013

95,526

NET BOOK VALUE

At 31st December 2013

62,597

At 31st December 2012

65,796

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2013

2012

value:

£

£

100

Ordinary

£1

100

100