Abbreviated Company Accounts - PORTWELL DEVELOPMENTS LTD

Abbreviated Company Accounts - PORTWELL DEVELOPMENTS LTD

PORTWELL DEVELOPMENTS LTD - Company Information

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Registered Number 06345909

PORTWELL DEVELOPMENTS LTD

Abbreviated Accounts

31 October 2016

PORTWELL DEVELOPMENTS LTD Registered Number 06345909

Abbreviated Balance Sheet as at 31 October 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 8,246 6,424
8,246 6,424
Current assets
Stocks 181,849 185,826
Debtors 8,832 831
Cash at bank and in hand 98,539 3,544
289,220 190,201
Creditors: amounts falling due within one year (278,690) (177,850)
Net current assets (liabilities) 10,530 12,351
Total assets less current liabilities 18,776 18,775
Creditors: amounts falling due after more than one year (2,556) -
Accruals and deferred income (1,620) (1,620)
Total net assets (liabilities) 14,600 17,155
Capital and reserves
Called up share capital 20 20
Profit and loss account 14,580 17,135
Shareholders' funds 14,600 17,155
  • For the year ending 31 October 2016 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 Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 28 July 2017

And signed on their behalf by:
Timothy Jewell, Director
Neil Porter, Director

PORTWELL DEVELOPMENTS LTD Registered Number 06345909

Notes to the Abbreviated Accounts for the period ended 31 October 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

2Tangible fixed assets
£
Cost
At 1 November 2015 21,952
Additions 4,375
Disposals -
Revaluations -
Transfers -
At 31 October 2016 26,327
Depreciation
At 1 November 2015 15,528
Charge for the year 2,553
On disposals -
At 31 October 2016 18,081
Net book values
At 31 October 2016 8,246
At 31 October 2015 6,424