PEMBROKE_BOW_LIMITED - Accounts

PEMBROKE BOW LIMITED - Company Information

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Company Registration No. 05284107 (England and Wales)

PEMBROKE BOW LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2016

PEMBROKE BOW LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

PEMBROKE BOW LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 NOVEMBER 2016

- 1 -

2016

2015

Notes

Fixed assets

Intangible assets

516,103

539,414

Tangible assets

475,915

471,364

992,018

1,010,778

Current assets

Debtors

67,503

96,069

Cash at bank and in hand

482,886

455,057

550,389

551,126

Creditors: amounts falling due within one year

(1,633,852)

(1,620,504)

Net current liabilities

(1,083,463)

(1,069,378)

Total assets less current liabilities

(91,445)

(58,600)

Capital and reserves

Called up share capital

100

Profit and loss account

(91,545)

(58,700)

Shareholder's funds

(91,445)

(58,600)

For the financial year ended 30 November 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board and authorised for issue on 24 August 2017

R L Hone

Director

Company Registration No. 05284107

PEMBROKE BOW LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention.

At the year end the company was insolvent as its liabilities exceeded its assets. However, the company has borrowed funds to purchase the assets and the loan provider has confirmed that it has no intention to require the loan to be repaid in the near future.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for the leasing of assets net of VAT.

1.4

Patents

Patents are valued at cost less accumulated amortisation. Amortisation is calculated to write off the cost in equal annual instalments over their estimated useful lives.

1.5

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

10% reducing balance

Motor vehicles

25% reducing balance

1.6

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

PEMBROKE BOW LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 NOVEMBER 2016

- 3 -

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 December 2015

652,892

636,563

1,289,455

Additions

58,551

At 30 November 2016

652,892

695,114

1,348,006

Depreciation

At 1 December 2015

113,478

165,199

278,677

Charge for the year

23,311

54,000

77,311

At 30 November 2016

136,789

219,199

355,988

Net book value

At 30 November 2016

516,103

475,915

992,018

At 30 November 2015

539,414

471,364

1,010,778

Share capital

2016

2015

Allotted, called up and fully paid

100 Ordinary Share of £1 each

100