P2ML Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: SC299864 (Scotland)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2016

for

P2ML Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

P Webster

J Murray

SECRETARY:

Graham & Co. (Accountants) Ltd

REGISTERED OFFICE:

76 Dumbarton Road

Clydebank

G81 1UQ

REGISTERED NUMBER:

SC299864 (Scotland)

ACCOUNTANTS:

Graham & Co. (Accountants) Limited

76 Dumbarton Road

Clydebank

Glasgow

G81 1UG

FIXED ASSETS

Tangible assets

2

90,089

71,764

CURRENT ASSETS

Debtors

426,457

374,208

Cash at bank and in hand

337,848

300,272

764,305

674,480

CREDITORS

Amounts falling due within one year

319,918

262,454

NET CURRENT ASSETS

444,387

412,026

TOTAL ASSETS LESS CURRENT LIABILITIES

534,476

483,790

PROVISIONS FOR LIABILITIES

18,018

3,285

NET ASSETS

516,458

480,505

CAPITAL AND RESERVES

Called up share capital

3

101

101

Profit and loss account

516,357

480,404

SHAREHOLDERS' FUNDS

516,458

480,505

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

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 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 Board of Directors on 23 August 2016 and were signed on its behalf by:

P Webster - 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 January 2015).

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.

Plant and machinery etc

-

25% on reducing balance and 15% 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

124,157

Additions

35,998

At 31 March 2016

160,155

DEPRECIATION

At 1 April 2015

52,393

Charge for year

17,673

At 31 March 2016

70,066

NET BOOK VALUE

At 31 March 2016

90,089

At 31 March 2015

71,764

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

£

1

Ordinary

1

100

100

1

Ordinary A

£1

1

1

101

101