P Thomas Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 05871948

P THOMAS LTD

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

P J A Thomas

Mrs A O Thomas

SECRETARY:

R I Thomas

REGISTERED OFFICE:

Russett House

Red House Lane

Elstead

Godalming

Surrey

GU8 6DR

REGISTERED NUMBER:

05871948

ACCOUNTANTS:

HPCA Limited

Chartered Accountants

Station House

Connaught Road

Brookwood

Woking

Surrey

GU24 0ER

FIXED ASSETS

Tangible assets

2

906

2,126

CURRENT ASSETS

Debtors

1,780

29,587

Cash at bank

150,238

131,624

152,018

161,211

CREDITORS

Amounts falling due within one year

48,961

56,925

NET CURRENT ASSETS

103,057

104,286

TOTAL ASSETS LESS CURRENT
LIABILITIES

103,963

106,412

CAPITAL AND RESERVES

Called up share capital

3

10

Profit and loss account

103,953

106,402

SHAREHOLDERS' FUNDS

103,963

106,412

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 directors acknowledge their 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 Board of Directors on 21 April 2017 and were signed on its behalf by:

P J A Thomas - 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).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a

small company.

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax, except in respect of service contracts

where turnover is recognised when the company obtains the right to consideration.

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

-

25% on cost

Computer equipment

-

33% on cost

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 the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2015

and 31 July 2016

10,449

DEPRECIATION

At 1 August 2015

8,323

Charge for year

1,220

At 31 July 2016

9,543

NET BOOK VALUE

At 31 July 2016

906

At 31 July 2015

2,126

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

10

Ordinary

£1.00

10

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, dividends of £68,000 were paid to the directors.