Pneu-Store (UK) Ltd - Abbreviated accounts 16.3

Pneu-Store (UK) Ltd - Abbreviated accounts 16.3

PNEU-STORE (UK) LTD - Company Information

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REGISTERED NUMBER: SC305068 (Scotland)










Abbreviated Unaudited Accounts

for the Year Ended

31 July 2016

for

PNEU-STORE (UK) LTD

PNEU-STORE (UK) LTD (REGISTERED NUMBER: SC305068)






Contents of the Abbreviated Accounts
for the Year Ended 31 July 2016

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Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

PNEU-STORE (UK) LTD

Company Information
for the Year Ended 31 July 2016







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DIRECTOR: C Curness





REGISTERED OFFICE: 10 Graham Place
Ashgill
Larkhall
Strathclyde
ML9 3BA





REGISTERED NUMBER: SC305068 (Scotland)





ACCOUNTANTS: WDM Associates
Oakfield House
378 Brandon Street
Motherwell
ML1 1XA
Page 1
PNEU-STORE (UK) LTD (REGISTERED NUMBER: SC305068)

Abbreviated Balance Sheet
31 July 2016

2016 2015
Notes £    £   
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FIXED ASSETS
Intangible assets 2 - -
Tangible assets 3 9,814 11,056
9,814 11,056

CURRENT ASSETS
Stocks 15,000 15,000
Debtors 71,811 65,798
Cash at bank 16,375 1,798
103,186 82,596
CREDITORS
Amounts falling due within one year (103,494 ) (85,122 )
NET CURRENT LIABILITIES (308 ) (2,526 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
9,506
8,530

PROVISIONS FOR LIABILITIES (1,944 ) (2,188 )
NET ASSETS 7,562 6,342

CAPITAL AND RESERVES
Called up share capital 4 10 10
Profit and loss account 7,552 6,332
SHAREHOLDERS' FUNDS 7,562 6,342

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the
Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at
the end of each financial year and of its profit or loss for each financial year in accordance with the
requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies
Act 2006 relating to financial statements, so far as applicable to the company.

The notes form part of these abbreviated accounts

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PNEU-STORE (UK) LTD (REGISTERED NUMBER: SC305068)

Abbreviated Balance Sheet - continued
31 July 2016

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The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the director on 15 March 2017 and were signed by:





C Curness - Director


The notes form part of these abbreviated accounts

Page 3
PNEU-STORE (UK) LTD (REGISTERED NUMBER: SC305068)

Notes to the Abbreviated Accounts
for the Year Ended 31 July 2016
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1. ACCOUNTING POLICIES

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

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 10% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete
and slow moving items.

Deferred tax
Provision is made for deferred taxation in so far as a liability or asset arose as a result of transactions
that had occurred by the balance sheet date and gave rise to an obligation to pay more tax in the future, or
a right to pay less tax in the future with the following exception: Deferred tax assets are recognised only
to the extent that the Directors consider that it is more likely than not that there will be suitable taxable
profits from which the future reversal of the underlying timing differences can be deducted. Deferred
tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in
which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the
balance sheet date.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 August 2015
and 31 July 2016 4,500
AMORTISATION
At 1 August 2015
and 31 July 2016 4,500
NET BOOK VALUE

At 31 July 2016 -
At 31 July 2015 -

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PNEU-STORE (UK) LTD (REGISTERED NUMBER: SC305068)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 July 2016
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3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 August 2015
and 31 July 2016 22,954
DEPRECIATION
At 1 August 2015 11,898
Charge for year 1,242
At 31 July 2016 13,140
NET BOOK VALUE
At 31 July 2016 9,814
At 31 July 2015 11,056

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
10 Ordinary £1.00 10 10

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