P M Wall Ltd - Abbreviated accounts 16.3

P M Wall Ltd - Abbreviated accounts 16.3

P M WALL LTD - Company Information

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P M WALL LTD

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016






P M WALL LTD (REGISTERED NUMBER: 06062157)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

P M WALL LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2016







DIRECTORS: P M Wall
Mrs M Wall





SECRETARY: Mrs M Wall





REGISTERED OFFICE: 3/5 College Street
Burnham on Sea
Somerset
TA8 1AR





REGISTERED NUMBER: 06062157 (England and Wales)





ACCOUNTANTS: Albert Goodman Lewis Limited
Chartered Accountants
3/5 College Street
Burnham on Sea
Somerset
TA8 1AR
Page 1
P M WALL LTD (REGISTERED NUMBER: 06062157)

ABBREVIATED BALANCE SHEET
31 MARCH 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 1,826 3,692
Tangible assets 3 4,047 4,984
5,873 8,676

CURRENT ASSETS
Stocks 1,750 2,000
Debtors 21,736 13,137
23,486 15,137
CREDITORS
Amounts falling due within one year 28,099 22,170
NET CURRENT LIABILITIES (4,613 ) (7,033 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,260
1,643

PROVISIONS FOR LIABILITIES 809 997
NET ASSETS 451 646

CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit and loss account 351 546
SHAREHOLDERS' FUNDS 451 646

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 notes form part of these abbreviated accounts

Page 2 continued...
P M WALL LTD (REGISTERED NUMBER: 06062157)

ABBREVIATED BALANCE SHEET - continued
31 MARCH 2016


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 4 December 2016 and were signed on its behalf
by:





P M Wall - Director


The notes form part of these abbreviated accounts

Page 3
P M WALL LTD (REGISTERED NUMBER: 06062157)

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 net invoiced supply and installation of flooring materials, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being 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.

Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

Cost is calculated on a first in, first out basis.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2015
and 31 March 2016 18,660
AMORTISATION
At 1 April 2015 14,968
Amortisation for year 1,866
At 31 March 2016 16,834
NET BOOK VALUE

At 31 March 2016 1,826
At 31 March 2015 3,692

Page 4 continued...
P M WALL LTD (REGISTERED NUMBER: 06062157)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 MARCH 2016

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2015 13,952
Additions 349
At 31 March 2016 14,301
DEPRECIATION
At 1 April 2015 8,968
Charge for year 1,286
At 31 March 2016 10,254
NET BOOK VALUE
At 31 March 2016 4,047
At 31 March 2015 4,984

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
100 Ordinary £1 100 100

5. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2016 and
31 March 2015:

2016 2015
£    £   
P M Wall and Mrs M Wall
Balance outstanding at start of year 6,555 14,236
Amounts advanced 31,412 37,436
Amounts repaid (28,500 ) (45,117 )
Balance outstanding at end of year 9,467 6,555

The loan was repaid within 9 months of the 31 March 2016. The loan was interest free and repayable on demand.

Page 5