Pentagon Bakery Systems Limited - Accounts to registrar - small 17.1

Pentagon Bakery Systems Limited - Accounts to registrar - small 17.1

PENTAGON BAKERY SYSTEMS LTD. - Company Information

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REGISTERED NUMBER: 03887807 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2016

FOR

PENTAGON BAKERY SYSTEMS LIMITED

PENTAGON BAKERY SYSTEMS LIMITED (REGISTERED NUMBER: 03887807)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2016










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PENTAGON BAKERY SYSTEMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2016







DIRECTORS: Mr R Greenwood
Mr S Greenwood





REGISTERED OFFICE: Charter House
Stansfield Street
Nelson
Lancashire
BB9 9XY





REGISTERED NUMBER: 03887807 (England and Wales)





ACCOUNTANTS: Ainsworths Limited
Chartered Accountants
Charter House
Stansfield Street
Nelson
Lancashire
BB9 9XY
Page 1
PENTAGON BAKERY SYSTEMS LIMITED (REGISTERED NUMBER: 03887807)

BALANCE SHEET
31ST DECEMBER 2016

31.12.16 31.12.15
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,601 1,883

CURRENT ASSETS
Stocks 11,368 15,000
Debtors 5 3,365 57,401
Cash at bank 30,062 5,198
44,795 77,599
CREDITORS
Amounts falling due within one year 6 24,246 58,212
NET CURRENT ASSETS 20,549 19,387
TOTAL ASSETS LESS CURRENT
LIABILITIES
22,150
21,270

PROVISIONS FOR LIABILITIES 301 353
NET ASSETS 21,849 20,917

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 21,846 20,914
SHAREHOLDERS' FUNDS 21,849 20,917

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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 notes form part of these financial statements

Page 2 continued...
PENTAGON BAKERY SYSTEMS LIMITED (REGISTERED NUMBER: 03887807)

BALANCE SHEET - continued
31ST DECEMBER 2016


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 Board of Directors on 25th April 2017 and were signed on its behalf by:





Mr R Greenwood - Director


The notes form part of these financial statements

Page 3
PENTAGON BAKERY SYSTEMS LIMITED (REGISTERED NUMBER: 03887807)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2016


1. STATUTORY INFORMATION

Pentagon Bakery Systems Limited 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.

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.

The shareholders have given assurances that they will continue to support the company financially for the
foreseeable future. As a result of this the accounts have been prepared on the basis that the company is a going
concern.

However without the support of the shareholders it is doubtful as to whether the company could continue to meet
its liabilities in the long term.

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.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

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.

Page 4 continued...
PENTAGON BAKERY SYSTEMS LIMITED (REGISTERED NUMBER: 03887807)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2016


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1st January 2016
and 31st December 2016 6,479 2,585 9,064
DEPRECIATION
At 1st January 2016 5,969 1,212 7,181
Charge for year 76 206 282
At 31st December 2016 6,045 1,418 7,463
NET BOOK VALUE
At 31st December 2016 434 1,167 1,601
At 31st December 2015 510 1,373 1,883

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.16 31.12.15
£    £   
Trade debtors 3,365 57,401

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.16 31.12.15
£    £   
Trade creditors 6,217 16,524
Tax 2,079 4,458
Social security and other taxes - 171
VAT 2,493 8,758
Directors' loan accounts 12,159 27,101
Accruals 1,298 1,200
24,246 58,212

7. RELATED PARTY DISCLOSURES

Mr R Greenwood, a director and shareholder, was owed £11,931 (2015 : £17,042) at the balance sheet date.

Mr S Greenwood, a director and shareholder, was owed £228 (2015 : £10,059) at the balance sheet date.

8. ULTIMATE CONTROLLING PARTY

The controlling party is Mr S Greenwood.

Page 5