Panorama Management Limited - Abbreviated accounts

Panorama Management Limited - Abbreviated accounts


Registered number
06142482
Panorama Management Limited
Abbreviated Accounts
31 March 2016
Panorama Management Limited
Registered number: 06142482
Abbreviated Balance Sheet
as at 31 March 2016
Notes 2016 2015
£ £
Current assets
Debtors 68,570 14,649
Cash at bank and in hand 24,109 6,978
92,679 21,627
Creditors: amounts falling due within one year (46,590) (17,279)
Net current assets 46,089 4,348
Net assets 46,089 4,348
Capital and reserves
Called up share capital 3 100 100
Profit and loss account 45,989 4,248
Shareholders' funds 46,089 4,348
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
Stephen Richardson
Director
Approved by the board on 10 November 2016
Panorama Management Limited
Notes to the Abbreviated Accounts
for the year ended 31 March 2016
1 Accounting policies
Basis of preparation
The accounts 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 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.
Depreciation
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
Pensions
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2 Tangible fixed assets £
Cost
Additions 608
At 31 March 2016 608
Depreciation
Charge for the year 608
At 31 March 2016 608
Net book value
At 31 March 2016 -
3 Share capital Nominal 2016 2016 2015
value Number £ £
Allotted, called up but not fully paid:
Ordinary shares £1 each 100 100 100
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