Abbreviated Company Accounts - PENARTH STONE MASONRY LIMITED

Abbreviated Company Accounts - PENARTH STONE MASONRY LIMITED

PENARTH STONE MASONRY LIMITED - Company Information

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Registered Number 08539551

PENARTH STONE MASONRY LIMITED

Abbreviated Accounts

31 May 2016

PENARTH STONE MASONRY LIMITED Registered Number 08539551

Abbreviated Balance Sheet as at 31 May 2016

Notes 2016 2015
£ £
Fixed assets
Intangible assets 2 12,000 18,000
Tangible assets 3 29,771 17,755
41,771 35,755
Current assets
Stocks 1,371 10,399
Debtors 49,282 21,807
50,653 32,206
Creditors: amounts falling due within one year 4 (58,142) (63,195)
Net current assets (liabilities) (7,489) (30,989)
Total assets less current liabilities 34,282 4,766
Creditors: amounts falling due after more than one year 4 (750) (3,019)
Provisions for liabilities (5,568) -
Total net assets (liabilities) 27,964 1,747
Capital and reserves
Called up share capital 5 100 100
Profit and loss account 27,864 1,647
Shareholders' funds 27,964 1,747
  • For the year ending 31 May 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 14 February 2017

And signed on their behalf by:
J F Denning, Director

PENARTH STONE MASONRY LIMITED Registered Number 08539551

Notes to the Abbreviated Accounts for the period ended 31 May 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 amounts receivable for goods and services net of VAT 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 less estimated residual value of each asset over its expected useful life, as follows:
Plant & machinery - 25% straight line
Computer equipment - 25% straight line
Motor vehicles - 25% reducing balance

Intangible assets amortisation policy
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

Other accounting policies
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted

2Intangible fixed assets
£
Cost
At 1 June 2015 30,000
Additions -
Disposals -
Revaluations -
Transfers -
At 31 May 2016 30,000
Amortisation
At 1 June 2015 12,000
Charge for the year 6,000
On disposals -
At 31 May 2016 18,000
Net book values
At 31 May 2016 12,000
At 31 May 2015 18,000
3Tangible fixed assets
£
Cost
At 1 June 2015 30,576
Additions 30,605
Disposals (13,520)
Revaluations -
Transfers -
At 31 May 2016 47,661
Depreciation
At 1 June 2015 12,821
Charge for the year 10,985
On disposals (5,916)
At 31 May 2016 17,890
Net book values
At 31 May 2016 29,771
At 31 May 2015 17,755
4Creditors
2016
£		 2015
£
Secured Debts 1,875 8,534
5Called Up Share Capital
Allotted, called up and fully paid:
2016
£		 2015
£
100 Ordinary shares of £1 each 100 100

6Transactions with directors

Name of director receiving advance or credit: J Denning
Description of the transaction: Loan
Balance at 1 June 2015: £ 14,397
Advances or credits made: -
Advances or credits repaid: £ 1,769
Balance at 31 May 2016: £ 12,628