Pygmalion Interiors Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 03667792 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2016

FOR

PYGMALION INTERIORS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mrs R Hamel Cooke

SECRETARY:

Mrs C J Williams

REGISTERED OFFICE:

The Old Tannery

66 Hensington Road

Woodstock

Oxfordshire

OX20 1JL

REGISTERED NUMBER:

03667792 (England and Wales)

ACCOUNTANTS:

Philip Deane Accountancy Limited

Units 1 & 2, Field View

Baynards Green Business Park

Baynards Green

Nr Bicester

Oxfordshire

OX27 7SG

FIXED ASSETS

Intangible assets

2

18,800

37,600

Tangible assets

3

3,048

1,842

21,848

39,442

CURRENT ASSETS

Debtors

12,028

8,433

Cash at bank

66,788

152,933

78,816

161,366

CREDITORS

Amounts falling due within one year

(15,636

)

(55,879

)

NET CURRENT ASSETS

63,180

105,487

TOTAL ASSETS LESS CURRENT
LIABILITIES

85,028

144,929

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

84,928

144,829

SHAREHOLDERS' FUNDS

85,028

144,929

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

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

The director acknowledges her 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 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 28 March 2017 and were signed by:

Mrs R Hamel Cooke - Director

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not

reversed at the balance sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2015

and 31 May 2016

94,000

AMORTISATION

At 1 June 2015

56,400

Amortisation for year

18,800

At 31 May 2016

75,200

NET BOOK VALUE

At 31 May 2016

18,800

At 31 May 2015

37,600

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2015

2,638

Additions

2,000

At 31 May 2016

4,638

DEPRECIATION

At 1 June 2015

796

Charge for year

794

At 31 May 2016

1,590

NET BOOK VALUE

At 31 May 2016

3,048

At 31 May 2015

1,842

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.16

31.5.15

value:

£

100

Ordinary

£1

100