Abbreviated Company Accounts - PUNCH & CO. LTD

07311304 PUNCH & CO. LTD 2016-06-30 false 2015-07-01 2016-06-30 true 07311304 2015-07-01 2016-06-30 07311304 2016-06-30 07311304 2015-06-30 07311304 uk-gaap-cd-bus:Director1 2015-07-01 2016-06-30 07311304 uk-gaap-cd-bus:Director2 2015-07-01 2016-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-07-01 2016-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2016-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-06-30 iso4217:GBP shares

Registered Number 07311304

PUNCH & CO. LTD

Abbreviated Accounts

30 June 2016

PUNCH & CO. LTD Registered Number 07311304

Abbreviated Balance Sheet as at 30 June 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	313	781
		313	781
Current assets
Debtors		5,204	6,529
Cash at bank and in hand		3,635	8,610
		8,839	15,139
Creditors: amounts falling due within one year		(3,457)	(12,811)
Net current assets (liabilities)		5,382	2,328
Total assets less current liabilities		5,695	3,109
Provisions for liabilities		-	(156)
Accruals and deferred income		(5,500)	0
Total net assets (liabilities)		195	2,953
Capital and reserves
Called up share capital	3	1	1
Profit and loss account		194	2,952
Shareholders' funds		195	2,953

For the year ending 30 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 31 March 2017

And signed on their behalf by:
MAGNUS GJOEN, Director

PUNCH & CO. LTD Registered Number 07311304

Notes to the Abbreviated Accounts for the period ended 30 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 amounts receivable for goods and services provided excluding Value Added Tax and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at costs less depreciation. Depreciation is provided at rates calculated to write off the cost less the estimated residual value of each asset over its expected useful life as follows:
Office equipment & Fixtures & Fittings: Straight line over 3 years

2Tangible fixed assets

	£
Cost
At 1 July 2015	4,007
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 June 2016	4,007
Depreciation
At 1 July 2015	3,226
Charge for the year	468
On disposals	-
At 30 June 2016	3,694
Net book values
At 30 June 2016	313
At 30 June 2015	781

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

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