Micro-entity Accounts - PHILLIPS TEXTILES MACHINERY LTD

PHILLIPS TEXTILES MACHINERY LTD - Company Information

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Registered Number 05699569

PHILLIPS TEXTILES MACHINERY LTD

Micro-entity Accounts

28 February 2017

PHILLIPS TEXTILES MACHINERY LTD Registered Number 05699569

Micro-entity Balance Sheet as at 28 February 2017

	Notes	2017	2016
		£	£
Fixed assets
Tangible assets	1	4,434	583
		4,434	583
Current assets
Stocks		5,775	9,498
Debtors	2	31,695	36,064
Cash at bank and in hand		2,636	675
		40,106	46,237
Creditors: amounts falling due within one year		(76,636)	(67,531)
Net current assets (liabilities)		(36,530)	(21,294)
Total assets less current liabilities		(32,096)	(20,711)
Total net assets (liabilities)		(32,096)	(20,711)
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		(32,196)	(20,811)
Shareholders' funds		(32,096)	(20,711)

For the year ending 28 February 2017 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 11 May 2017

And signed on their behalf by:
A.Booth, Director

PHILLIPS TEXTILES MACHINERY LTD Registered Number 05699569

Notes to the Micro-entity Accounts for the period ended 28 February 2017

1Tangible fixed assets

	£
Cost
At 29 February 2016	2,250
Additions	4,500
Disposals	-
Revaluations	-
Transfers	-
At 28 February 2017	6,750
Depreciation
At 29 February 2016	1,667
Charge for the year	649
On disposals	-
At 28 February 2017	2,316
Net book values
At 28 February 2017	4,434
At 28 February 2016	583

2Debtors

	2017 £	2016 £
Debtors include the following amounts due after more than one year	31,695	36,064

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

	2017 £	2016 £
100 Ordinary shares of £1 each	100	100