Pentatonic Marketing Ltd - Accounts to registrar - small 16.3d

REGISTERED NUMBER: 08848619 (England and Wales)

Unaudited Financial Statements

For The Year Ended 31 January 2017

for

Pentatonic Marketing Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

C J Washington-Sare

REGISTERED OFFICE:

Hampton House

Hampton Farm Lane

Swanmore

Southampton

Hampshire

SO32 2GH

REGISTERED NUMBER:

08848619 (England and Wales)

ACCOUNTANTS:

Butler & Co (Bishops Waltham) Limited

Chartered Accountants

Avalon House

Waltham Business Park

Brickyard Road, Swanmore

Southampton

Hampshire

SO32 2SA

FIXED ASSETS

Tangible assets

4

2,307

105

CURRENT ASSETS

Debtors

5

19,638

21,040

Cash at bank

111,771

154,060

131,409

175,100

CREDITORS

Amounts falling due within one year

6

31,534

45,153

NET CURRENT ASSETS

99,875

129,947

TOTAL ASSETS LESS CURRENT LIABILITIES

102,182

130,052

PROVISIONS FOR LIABILITIES

461

21

NET ASSETS

101,721

130,031

CAPITAL AND RESERVES

Called up share capital

7

1

1

Retained earnings

101,720

130,030

SHAREHOLDERS' FUNDS

101,721

130,031

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 24 March 2017 and were signed by:

C J Washington-Sare - Director

1.	STATUTORY INFORMATION

Pentatonic Marketing Ltd is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

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 equipment

-

25% on cost

Computer equipment

-

25% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2016 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

equipment

equipment

Totals

£

£

£

COST

At 1 February 2016

211

-

211

Additions

-

3,007

3,007

At 31 January 2017

211

3,007

3,218

DEPRECIATION

At 1 February 2016

106

-

106

Charge for year

53

752

805

At 31 January 2017

159

752

911

NET BOOK VALUE

At 31 January 2017

52

2,255

2,307

At 31 January 2016

105

-

105

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.17

31.1.16

£

£

Trade debtors

18,215

20,717

Social security and other tax

139

139

Prepayments

1,284

184

19,638

21,040

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.17

31.1.16

£

£

Tax

17,482

29,420

VAT

12,221

14,220

Directors' current accounts

1,171

673

Accrued expenses

660

840

31,534

45,153

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.17

31.1.16

value:

£

£

1

Ordinary

£1

1

1

8.	RELATED PARTY DISCLOSURES

During the year, total dividends of £100,000 (2016 - £58,000) were paid to the director .

9.	FIRST YEAR ADOPTION

The financial statements for the year ended 31 January 2017 are the first financial statements that comply with

FRS 102 Section 1A. The date of transition is 1 February 2015. The transition to FRS 102 Section 1A for small

entities has resulted in a number of changes in accounting policies compared to those under the previously

applied FRSSE 2015. The accounting policy changes have resulted in no material changes to financial

transactions or balances as at 1 February 2015 and 31 January 2016.