Abbreviated Company Accounts - PINION PROJECT MANAGEMENT LIMITED

Abbreviated Company Accounts - PINION PROJECT MANAGEMENT LIMITED

PINION PROJECT MANAGEMENT LIMITED - Company Information

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Registered Number 06164701

PINION PROJECT MANAGEMENT LIMITED

Abbreviated Accounts

31 March 2016

PINION PROJECT MANAGEMENT LIMITED Registered Number 06164701

Abbreviated Balance Sheet as at 31 March 2016

Notes 2016 2015
£ £
Called up share capital not paid - -
Fixed assets
Tangible assets 2 129 335
129 335
Current assets
Debtors 41,421 30,653
Cash at bank and in hand 126,033 106,147
167,454 136,800
Creditors: amounts falling due within one year (51,350) (31,471)
Net current assets (liabilities) 116,104 105,329
Total assets less current liabilities 116,233 105,664
Provisions for liabilities (26) (67)
Total net assets (liabilities) 116,207 105,597
Capital and reserves
Called up share capital 3 8 2
Profit and loss account 116,199 105,595
Shareholders' funds 116,207 105,597
  • For the year ending 31 March 2016 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 16 September 2016

And signed on their behalf by:
Mr G P Scullion, Director

PINION PROJECT MANAGEMENT LIMITED Registered Number 06164701

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
The turnover shown in the profit and loss account represents services provided during the year, exclusive of Value Added Tax.

Tangible assets depreciation policy
Fixed assets
All fixed assets are initially recorded at cost.

Depreciation
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Equipment - 25% straight line

Other accounting policies
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

2Tangible fixed assets
£
Cost
At 1 April 2015 825
Additions -
Disposals -
Revaluations -
Transfers -
At 31 March 2016 825
Depreciation
At 1 April 2015 490
Charge for the year 206
On disposals -
At 31 March 2016 696
Net book values
At 31 March 2016 129
At 31 March 2015 335
3Called Up Share Capital
Allotted, called up and fully paid:
2016
£		 2015
£
6 Ordinary shares of £1 each (2 shares for 2015) 6 2
2 A Ordinary shares of £1 each (0 shares for 2015) 2 0

During the year four Ordinary and two Ordinary A shares were issued and fully paid at par.