Power To the People Ltd |
Registered number: |
08153838 |
Abbreviated Balance Sheet |
as at 31 July 2016 |
|
Notes |
|
|
2016 |
|
|
2015 |
£ |
£ |
Fixed assets |
Tangible assets |
2 |
|
|
1,151 |
|
|
1,089 |
|
Current assets |
Debtors |
|
|
6,989 |
|
|
9,652 |
Cash at bank and in hand |
|
|
8,879 |
|
|
5,263 |
|
|
|
15,868 |
|
|
14,915 |
|
Creditors: amounts falling due within one year |
|
|
(13,009) |
|
|
(10,811) |
|
Net current assets |
|
|
|
2,859 |
|
|
4,104 |
|
Net assets |
|
|
|
4,010 |
|
|
5,193 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
3 |
|
|
10 |
|
|
10 |
Profit and loss account |
|
|
|
4,000 |
|
|
5,183 |
|
Shareholder's funds |
|
|
|
4,010 |
|
|
5,193 |
|
|
|
|
|
|
|
|
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
J Slingsby |
Director |
Approved by the board on 28 April 2017 |
|
Power To the People Ltd |
Notes to the Abbreviated Accounts |
for the year ended 31 July 2016 |
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts 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 the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Plant and machinery |
20% Reducing Balance method |
|
0 |
|
|
0 |
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. |
|
|
2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 August 2015 |
1,883 |
|
Additions |
62 |
|
At 31 July 2016 |
1,945 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 August 2015 |
794 |
|
At 31 July 2016 |
794 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 July 2016 |
1,151 |
|
At 31 July 2015 |
1,089 |
|
|
|
|
|
|
|
|
3 |
Share capital |
Nominal |
|
2016 |
|
2016 |
|
2015 |
value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
- |
|
10 |
|
10 |
|
|
|
|
|
|
|
|
|