Abbreviated Company Accounts - PORCELAIN STONES LIMITED

PORCELAIN STONES LIMITED - Company Information

08717863 PORCELAIN STONES LIMITED 2016-07-31 false 2015-08-01 2016-07-31 true 08717863 2015-08-01 2016-07-31 08717863 2016-07-31 08717863 2015-07-31 08717863 uk-gaap-cd-bus:Director1 2015-08-01 2016-07-31 08717863 uk-gaap-cd-bus:Director2 2015-08-01 2016-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-08-01 2016-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-07-31 iso4217:GBP shares

Registered Number 08717863

PORCELAIN STONES LIMITED

Abbreviated Accounts

31 July 2016

PORCELAIN STONES LIMITED Registered Number 08717863

Abbreviated Balance Sheet as at 31 July 2016

	Notes	2016	2015
		£	£
Current assets
Stocks		662,960	-
Debtors		65,939	55,268
Cash at bank and in hand		71,794	522
		800,693	55,790
Creditors: amounts falling due within one year		(712,187)	(16,667)
Net current assets (liabilities)		88,506	39,123
Total assets less current liabilities		88,506	39,123
Total net assets (liabilities)		88,506	39,123
Capital and reserves
Called up share capital	2	1	1
Profit and loss account		88,505	39,122
Shareholders' funds		88,506	39,123

For the year ending 31 July 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 January 2017

And signed on their behalf by:
Mrs H Hendi, Director

PORCELAIN STONES LIMITED Registered Number 08717863

Notes to the Abbreviated Accounts for the period ended 31 July 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 represents net invoiced sales of goods, excluding value added tax.

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

2Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
1 Ordinary shares of £1 each	1	1