Micro-entity Accounts - PUFFIN HOMES LIMITED

PUFFIN HOMES LIMITED - Company Information

SC399125 PUFFIN HOMES LIMITED 2016-05-31 false 2015-06-01 2016-05-31 true SC399125 2015-06-01 2016-05-31 SC399125 2016-05-31 SC399125 2015-05-31 SC399125 uk-gaap-cd-bus:Director1 2015-06-01 2016-05-31 SC399125 uk-gaap-cd-bus:Director2 2015-06-01 2016-05-31 SC399125 uk-gaap-cd-bus:AllEntityOfficers 2015-06-01 2016-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-06-01 2016-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-05-31 iso4217:GBP shares

Registered Number SC399125

PUFFIN HOMES LIMITED

Micro-entity Accounts

31 May 2016

PUFFIN HOMES LIMITED Registered Number SC399125

Micro-entity Balance Sheet as at 31 May 2016

	Notes	2016	2015
		£	£
Fixed Assets		273	364
Current assets
Stocks		137,147	133,447
Debtors		147	217
Cash at bank and in hand		501	1,161
		137,795	134,825
Creditors: amounts falling due within one year		(151,792)	(148,584)
Net current assets (liabilities)		(13,997)	(13,759)
Total assets less current liabilities		(13,724)	(13,395)
Provisions for liabilities		(55)	-
Total net assets (liabilities)		(13,779)	(13,395)
Capital and reserves
Called up share capital	1	1,000	1,000
Profit and loss account		(14,779)	(14,395)
Shareholders' funds		(13,779)	(13,395)

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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 24 February 2017

And signed on their behalf by:
Julie Fraser, Director

PUFFIN HOMES LIMITED Registered Number SC399125

Notes to the Micro-entity Accounts for the period ended 31 May 2016

1Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
1,000 Ordinary shares of £1 each	1,000	1,000

2Accounting 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.

Tangible assets depreciation policy
Depreciation is provided by the company to write off the cost or valuation less the estimated residual value of its tangible fixed assets over their useful economic lives as follows:
Plant & Machinery - 25% reducing balance

Other accounting policies
Stocks
Stocks are stated at the lower of cost and net realisable value. In determining the cost of raw materials, consumables and goods purchased for resale, the weighted average purchase price is used. For work in progress and finished goods manufactured by the company, cost is taken as production cost, which includes an appropriate proportion of attributable overheads.

Going Concern
The directors have indicated that they intend to continue supporting the company with loans
as required.