PILOTFISH_TRADING_LIMITED - Accounts

PILOTFISH TRADING LIMITED - Company Information

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Company Registration No. 04892700 (England and Wales)

PILOTFISH TRADING LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2016

PILOTFISH TRADING LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

PILOTFISH TRADING LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 SEPTEMBER 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

24,880

33,387

Current assets

Stocks

258,921

204,650

Debtors

6,034

6,717

Cash at bank and in hand

48,349

2,172

313,304

213,539

Creditors: amounts falling due within one year

(223,886)

(167,363)

Net current assets

89,418

46,176

Total assets less current liabilities

114,298

79,563

Provisions for liabilities

(5,000)

(6,500)

109,298

73,063

Capital and reserves

Called up share capital

100

Profit and loss account

109,198

72,963

Shareholders' funds

109,298

73,063

For the financial year ended 30 September 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 28 February 2017

Mr. N Kershaw

Director

Company Registration No. 04892700

PILOTFISH TRADING LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

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 and machinery

3 to 8 years

1.5

Leasing

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

1.6

Stock

Stock is valued at the lower of cost and net realisable value.

1.7

Pensions

The company operates a defined contribution scheme. Contributions payable are charged to the profit and loss account in the year they are payable.

1.8

Deferred taxation

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.

PILOTFISH TRADING LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2016

- 3 -

Fixed assets

Tangible assets

Cost

At 1 October 2015

101,537

Additions

3,769

At 30 September 2016

105,306

Depreciation

At 1 October 2015

68,150

Charge for the year

12,276

At 30 September 2016

80,426

Net book value

At 30 September 2016

24,880

At 30 September 2015

33,387

Share capital

2016

2015

Allotted, called up and fully paid

100 Ordinary of £1 each

100