Abbreviated Company Accounts - PANDORGAS LIMITED

Registered Number 03378780

PANDORGAS LIMITED

Abbreviated Accounts

31 March 2016

PANDORGAS LIMITED Registered Number 03378780

Abbreviated Balance Sheet as at 31 March 2016

	Notes	31/03/2016	30/06/2015
		£	£
Fixed assets
Tangible assets	2	464	551
		464	551
Current assets
Debtors		22,205	13,019
Cash at bank and in hand		6,713	8,274
		28,918	21,293
Creditors: amounts falling due within one year		(29,090)	(17,447)
Net current assets (liabilities)		(172)	3,846
Total assets less current liabilities		292	4,397
Provisions for liabilities		(111)	(111)
Total net assets (liabilities)		181	4,286
Capital and reserves
Called up share capital		100	100
Profit and loss account		81	4,186
Shareholders' funds		181	4,286

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 11 December 2016

And signed on their behalf by:
R Murray, Director

PANDORGAS LIMITED Registered Number 03378780

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

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
Turnover comprises revenue recognised by the company in respect of services supplied during the period, exclusive of Value Added Tax and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & fittings 10% reducing balance basis
Office equipment 25% reducing balance basis

2Tangible fixed assets

	£
Cost
At 1 July 2015	5,435
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	5,435
Depreciation
At 1 July 2015	4,884
Charge for the year	87
On disposals	-
At 31 March 2016	4,971
Net book values
At 31 March 2016	464
At 30 June 2015	551