Pimento Hill Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 08469337 (England and Wales)

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 30TH APRIL 2016

FOR

PIMENTO HILL LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr S A Smith

Mrs D M Smith

REGISTERED OFFICE:

10 Town Quay Wharf

Abbey Road

Barking

Essex

IG11 7BZ

REGISTERED NUMBER:

08469337 (England and Wales)

ACCOUNTANTS:

Garrod Beckett & Co. Ltd.

Chartered Accountants

10 Town Quay Wharf

Abbey Road

Barking

Essex

IG11 7BZ

FIXED ASSETS

Tangible assets

2

1,774

1,897

CURRENT ASSETS

Stocks

3,750

1,650

Debtors

5,104

7,266

Cash at bank and in hand

1,612

500

10,466

9,416

CREDITORS

Amounts falling due within one year

25,783

16,223

NET CURRENT LIABILITIES

(15,317

)

(6,807

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(13,543

)

(4,910

)

CAPITAL AND RESERVES

Called up share capital

3

500

Profit and loss account

(14,043

)

(5,410

)

SHAREHOLDERS' FUNDS

(13,543

)

(4,910

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 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 30th January 2017 and were signed on
its behalf by:

Mr S A Smith - 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% straight line

Stocks

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

obsolete and slow moving items.

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st May 2015

1,897

Additions

469

At 30th April 2016

2,366

DEPRECIATION

Charge for year

592

At 30th April 2016

592

NET BOOK VALUE

At 30th April 2016

1,774

At 30th April 2015

1,897

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

1,000,000

Ordinary

0.05p

500

4.	GOING CONCERN

The financial statements have been prepared on a going concern basis as the directors will ensure that

continued finance is made available.