Phoenix Embroidery Ltd. - Accounts to registrar - small 17.1
Phoenix Embroidery Ltd. - Accounts to registrar - small 17.1
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JULY 2016 |
| FOR |
| PHOENIX EMBROIDERY LTD. |
| PHOENIX EMBROIDERY LTD. (REGISTERED NUMBER: 02716403) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31ST JULY 2016 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| PHOENIX EMBROIDERY LTD. |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31ST JULY 2016 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| PHOENIX EMBROIDERY LTD. (REGISTERED NUMBER: 02716403) |
| BALANCE SHEET |
| 31ST JULY 2016 |
| 2016 | 2015 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| CURRENT ASSETS |
| Stocks |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 3 |
| NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 4 |
| Profit and loss account | 5 | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) |
| 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 were approved by the director on |
| PHOENIX EMBROIDERY LTD. (REGISTERED NUMBER: 02716403) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31ST JULY 2016 |
| 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). |
| Turnover |
| Turnover represents net invoiced sales of goods, excluding value added tax. |
| Tangible fixed assets |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving |
| items. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
| 2. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Freehold | Plant and | and |
| property | machinery | fittings | Totals |
| £ | £ | £ | £ |
| COST |
| At 1st August 2015 |
| Disposals | ( |
) | ( |
) | ( |
) | ( |
) |
| At 31st July 2016 |
| DEPRECIATION |
| At 1st August 2015 |
| Eliminated on disposal | ( |
) | ( |
) | ( |
) |
| At 31st July 2016 |
| NET BOOK VALUE |
| At 31st July 2016 |
| At 31st July 2015 |
| 3. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2016 | 2015 |
| £ | £ |
| Other creditors |
| PHOENIX EMBROIDERY LTD. (REGISTERED NUMBER: 02716403) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31ST JULY 2016 |
| 4. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2016 | 2015 |
| value: | £ | £ |
| Ordinary | £1.00 |
| 5. | RESERVES |
| Profit |
| and loss |
| account |
| £ |
| At 1st August 2015 | ( |
) |
| Profit for the year |
| Dividends | ( |
) |
| At 31st July 2016 |
| 6. | RELATED PARTY DISCLOSURES |
| The director, who is a related party, made loans to the company during the year. At the balance sheet date the amount |
| outstanding was £12,395 (2015 £292,265). |
| 7. | ULTIMATE CONTROLLING PARTY |
| The controlling party is |