Abbreviated Company Accounts - PANIKOS PHOTOGRAPHY LIMITED

PANIKOS PHOTOGRAPHY LIMITED - Company Information

04251928 PANIKOS PHOTOGRAPHY LIMITED 2016-06-29 false 2015-06-30 2016-06-29 true 04251928 2015-06-30 2016-06-29 04251928 2016-06-29 04251928 2015-06-29 04251928 uk-gaap-cd-bus:Director1 2015-06-30 2016-06-29 04251928 uk-gaap-cd-bus:Director2 2015-06-30 2016-06-29 uk-gaap-cd-bus:OrdinaryShareClass1 2015-06-30 2016-06-29 uk-gaap-cd-bus:OrdinaryShareClass1 2016-06-29 uk-gaap-cd-bus:OrdinaryShareClass1 2015-06-29 iso4217:GBP shares

Registered Number 04251928

PANIKOS PHOTOGRAPHY LIMITED

Abbreviated Accounts

29 June 2016

PANIKOS PHOTOGRAPHY LIMITED Registered Number 04251928

Abbreviated Balance Sheet as at 29 June 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	23,222	21,696
		23,222	21,696
Current assets
Debtors		499	499
Cash at bank and in hand		2,342	2,862
		2,841	3,361
Creditors: amounts falling due within one year		(103,227)	(105,710)
Net current assets (liabilities)		(100,386)	(102,349)
Total assets less current liabilities		(77,164)	(80,653)
Creditors: amounts falling due after more than one year		(101,837)	(101,837)
Total net assets (liabilities)		(179,001)	(182,490)
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		(179,101)	(182,590)
Shareholders' funds		(179,001)	(182,490)

For the year ending 29 June 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 28 March 2017

And signed on their behalf by:
P Hajistilly, Director

PANIKOS PHOTOGRAPHY LIMITED Registered Number 04251928

Notes to the Abbreviated Accounts for the period ended 29 June 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 the total invoice value, excluding value added tax, of sales made during the year.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Fixtures, fittings and equipment - 20% Reducing balance

2Tangible fixed assets

	£
Cost
At 30 June 2015	130,143
Additions	6,773
Disposals	-
Revaluations	-
Transfers	-
At 29 June 2016	136,916
Depreciation
At 30 June 2015	108,447
Charge for the year	5,247
On disposals	-
At 29 June 2016	113,694
Net book values
At 29 June 2016	23,222
At 29 June 2015	21,696

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
100 Ordinary shares of £1 each	100	100