Paper Enhancement Technology Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 06381105 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 September 2016

for

Paper Enhancement Technology Ltd

Trading as

MicroCapture

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mrs C A Brown

E J Brown

Mrs S L Fells

SECRETARY:

Mrs C A Brown

REGISTERED OFFICE:

Cabourn House

Station Street

Bingham

Nottinghamshire

NG13 8AQ

REGISTERED NUMBER:

06381105 (England and Wales)

ACCOUNTANTS:

bostockwhite Limited

Chartered Accountants

Cabourn House

Station Street

Bingham

Nottinghamshire

NG13 8AQ

FIXED ASSETS

Tangible assets

2

4,410

3,569

CURRENT ASSETS

Stocks

4,333

3,085

Debtors

87,596

100,226

Cash at bank and in hand

150,824

109,362

242,753

212,673

CREDITORS

Amounts falling due within one year

88,334

65,060

NET CURRENT ASSETS

154,419

147,613

TOTAL ASSETS LESS CURRENT LIABILITIES

158,829

151,182

PROVISIONS FOR LIABILITIES

882

714

NET ASSETS

157,947

150,468

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

157,847

150,368

SHAREHOLDERS' FUNDS

157,947

150,468

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 19 December 2016 and were signed on its behalf by:

Mrs C A Brown - 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

Stocks

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

items.

Deferred tax

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

date.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet

date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of

transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of

the lease.

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 October 2015

8,416

Additions

1,590

At 30 September 2016

10,006

DEPRECIATION

At 1 October 2015

4,847

Charge for year

749

At 30 September 2016

5,596

NET BOOK VALUE

At 30 September 2016

4,410

At 30 September 2015

3,569

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.16

30.9.15

value:

£

£

100

Ordinary

£1.00

100

100