Abbreviated Company Accounts - POWDIN & CO LIMITED

POWDIN & CO LIMITED - Company Information

Registered Number 08723379

POWDIN & CO LIMITED

Abbreviated Accounts

30 April 2016

POWDIN & CO LIMITED Registered Number 08723379

Abbreviated Balance Sheet as at 30 April 2016

	Notes	2016	2015
		£	£
Fixed assets
Intangible assets	2	19,175	20,300
		19,175	20,300
Current assets
Stocks		1,500	3,250
Debtors		8,450	6,250
Cash at bank and in hand		1,172	1,173
		11,122	10,673
Creditors: amounts falling due within one year		(6,982)	(4,352)
Net current assets (liabilities)		4,140	6,321
Total assets less current liabilities		23,315	26,621
Creditors: amounts falling due after more than one year		(22,550)	(25,889)
Total net assets (liabilities)		765	732
Capital and reserves
Called up share capital		100	100
Profit and loss account		665	632
Shareholders' funds		765	732

For the year ending 30 April 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 31 January 2017

And signed on their behalf by:
Mr L J Powell, Director

POWDIN & CO LIMITED Registered Number 08723379

Notes to the Abbreviated Accounts for the period ended 30 April 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 the value of services provided in the normal course of business, excluding Value Added Tax, similar taxes and trade discounts.

Turnover in respect of service contracts is recognised when the company obtains the right to receive consideration for services provided.

Intangible assets amortisation policy
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Goodwill - 10 years

Other accounting policies
Work in progress is valued on the basis of the hourly charge out rate. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

2Intangible fixed assets

	£
Cost
At 1 May 2015	22,550
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 April 2016	22,550
Amortisation
At 1 May 2015	2,250
Charge for the year	1,125
On disposals	-
At 30 April 2016	3,375
Net book values
At 30 April 2016	19,175
At 30 April 2015	20,300