Povey Little Management Limited - Full Accounts

POVEY LITTLE MANAGEMENT LIMITED - Company Information

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Povey Little Management Limited

FINANCIAL STATEMENTS

for the year ended 30th April 2016

Povey Little Management Limited

CONTENTS

for the year ended 30th April 2016

The Accounts are comprised of the following:

Statement of Financial Position

Notes to the Accounts

Povey Little Management Limited

Company No. 07578401

STATEMENT OF FINANCIAL POSITION

as at 30th April 2016

				2015
	Note	£	£	£
FIXED ASSETS
Property, plant and equipment	4		866	993
			866	993
CURRENT ASSETS
Debtors	5	12883		14199
Cash at bank and in hand		613		612
		13496		14811
CURRENT LIABILITIES
Creditors: amounts falling due
within one year	6	10556		14097
NET CURRENT ASSETS			2940	714
TOTAL ASSETS LESS CURRENT LIABILITIES			3806	1707

Creditors: amounts falling due
after more than one year			-	-

NET ASSETS			3806	1707

CAPITAL AND RESERVES
Called up share capital			5	5
Retained earnings			3801	1702

SHAREHOLDERS FUNDS			3806	1707

The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies which are subject to the small companies' regime. The Income Statement has not been delivered to the Registrar of Companies.

For the year ended 30th April 2016 the Company is entitled to the exemption from the requirement to obtain an audit conferred by section 477 of the Companies Act 2006 and the members have not required the company to obtain an audit in accordance with section 476 of the Act.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

Approved by the Board on 31 January 2017

A M Povey

Director

Company Number 07578401 (England)

Povey Little Management Limited

NOTES TO THE ACCOUNTS

for the year ended 30th April 2016

1 Statutory information

Povey Little Management Limited is a private company limited by shares and registered under company number 07578401 in England. Its registered office address is 12 Hatherley Road, Sidcup, Kent DA14 4DT.

These financial statements are presented in Sterling, which is the functional currency of the company.

2 Accounting policies

Basis of preparation of financial statements

The accounts have been prepared under the historical cost convention in accordance with the accounting policies set out below, and in accordance with Financial Reporting Standard 102 Section 1A and the Companies Act 2006.

Depreciation

Depreciation is provided on all property, plant and equipment, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

Plant, machinery and vehicles

20% Reducing Balance

3 Employee information

The average number of employees during the accounting period was 8 (2015 - 7).

4 Property, plant and equipment

	Plant
	and
	Machinery	Total
	£	£
Cost
At 1st May 2015 and
At 30th April 2016	1404	1404

Depreciation
At 1st May 2015	411	411
Charge for year	127	127
At 30th April 2016	538	538

Net Book Value
At 30th April 2016	866	866
At 30th April 2015	993	993

5 Debtors	2016	2015
	£	£

Trade Debtors	12883	14199
	12883	14199

6 Creditors: amounts falling due within one year	2016	2015
	£	£

Corporation tax	10556	11197
Other creditors	-	2900
	10556	14097

7 Transactions with Directors

There were no transactions with Directors except as reflected in the Director's loan account for each Director. The closing balances of each account are as detailed below. Credit balances are shown without brackets. These balances are included in the figure for "Creditors and Accruals" in the accounts. Overdrawn balances are included in the figure for "Other Debtors".

	2016	2015
	£	£

A M Povey	-	2900
	-	2900