P&P Joinery Limited - Accounts to registrar - small 17.1

REGISTERED NUMBER: SC457246 (Scotland)

Unaudited Financial Statements for the Year Ended 31 August 2016

for

P&P Joinery Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A Parlane

C Pender

REGISTERED OFFICE:

17E East Street

Helensburgh

G84 7QQ

REGISTERED NUMBER:

SC457246 (Scotland)

ACCOUNTANTS:

Macleod Fulton

17E East King Street

Helensburgh

Argyll

G84 7QQ

FIXED ASSETS

Tangible assets

4

4,384

5,846

CURRENT ASSETS

Debtors

5

1,317

40,250

Cash at bank

7,818

-

9,135

40,250

CREDITORS

Amounts falling due within one year

6

10,631

14,071

NET CURRENT (LIABILITIES)/ASSETS

(1,496

)

26,179

TOTAL ASSETS LESS CURRENT LIABILITIES

2,888

32,025

CREDITORS

Amounts falling due after more than one year

7

2,706

-

NET ASSETS

182

32,025

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

82

31,925

SHAREHOLDERS' FUNDS

182

32,025

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 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 31 May 2017 and were signed on its behalf by:

A Parlane - Director

1.	STATUTORY INFORMATION

P&P Joinery Limited is a private company, limited by shares , registered in Scotland. 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.

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 etc

-

25% on reducing balance

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2015

and 31 August 2016

7,794

DEPRECIATION

At 1 September 2015

1,948

Charge for year

1,462

At 31 August 2016

3,410

NET BOOK VALUE

At 31 August 2016

4,384

At 31 August 2015

5,846

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.16

31.8.15

£

£

Trade debtors

1,182

-

Other debtors

135

40,250

1,317

40,250

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.16

31.8.15

£

£

Taxation and social security

6,529

6,677

Other creditors

4,102

7,394

10,631

14,071

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.16

31.8.15

£

£

Hire purchase contracts

2,706

-

8.	CONTINGENT LIABILITIES

As at 31 August 2016 the company had no contingent liabilities (2015 - £nil).

9.	CAPITAL COMMITMENTS

As at 31 August 2016 the company had no capital commitments (2015 - £nil).

10.	RELATED PARTY DISCLOSURES