Postilion Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 05588215 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 October 2016

for

Postilion Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

M Awad

REGISTERED OFFICE:

100 High Ash Drive

Alwoodley

Leeds

West Yorkshire

LS17 8RE

REGISTERED NUMBER:

05588215 (England and Wales)

ACCOUNTANTS:

Leon & Company

Chartered Accountants

100 High Ash Drive

Alwoodley

Leeds

West Yorkshire

LS17 8RE

FIXED ASSETS

Tangible assets

2

476

131

CURRENT ASSETS

Debtors

2,360

2,834

Cash at bank and in hand

1,226

1,444

3,586

4,278

CREDITORS

Amounts falling due within one year

3,977

4,358

NET CURRENT LIABILITIES

(391

)

(80

)

TOTAL ASSETS LESS CURRENT LIABILITIES

85

51

CAPITAL AND RESERVES

Called up share capital

3

10

1

Profit and loss account

75

50

SHAREHOLDERS' FUNDS

85

51

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2016 in accordance with Section 476 of the Companies Act 2006.

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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 22 June 2017 and were signed by:

M Awad - Director

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 services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

33% on reducing balance

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

Total

£

COST

At 1 November 2015

1,567

Additions

580

At 31 October 2016

2,147

DEPRECIATION

At 1 November 2015

1,436

Charge for year

235

At 31 October 2016

1,671

NET BOOK VALUE

At 31 October 2016

476

At 31 October 2015

131

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.16

31.10.15

value:

£

£

10

Ordinary Shares

£1

10

1

(31.10.15 - 1 )

9 Ordinary Shares shares of £1 were issued during the year as a bonus out of reserves.

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included in other debtors is an amount of £1,763 owed from the director (2015 £2,422). This loan is

interest free and repayable on demand.