Poundinmypocket Limited - Accounts to registrar - small 17.2

Poundinmypocket Limited - Accounts to registrar - small 17.2

POUNDINMYPOCKET LIMITED - Company Information

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REGISTERED NUMBER: 07882935 (England and Wales)














Unaudited Financial Statements for the Year Ended 31 December 2016

for

Poundinmypocket Limited

Poundinmypocket Limited (Registered number: 07882935)






Contents of the Financial Statements
for the Year Ended 31 December 2016




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

Poundinmypocket Limited

Company Information
for the Year Ended 31 December 2016







DIRECTORS: Mr A C Waldman
Mr A L Greenberg





REGISTERED OFFICE: The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY





REGISTERED NUMBER: 07882935 (England and Wales)





ACCOUNTANTS: Nordens
The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY
Page 1
Poundinmypocket Limited (Registered number: 07882935)

Statement of Financial Position
31 December 2016

31.12.16 31.12.15 1.1.15
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 1,527 2,035 -

CURRENT ASSETS
Debtors 5 23,276 - -
Cash at bank and in hand 5,312 8,106 -
28,588 8,106 -
CREDITORS
Amounts falling due within one year 6 (29,268 ) (9,581 ) -
NET CURRENT LIABILITIES (680 ) (1,475 ) -
TOTAL ASSETS LESS CURRENT
LIABILITIES
847
560
-
NET ASSETS 847 560 -

CAPITAL AND RESERVES
Called up share capital 100 100 -
Retained earnings 7 747 460 -
SHAREHOLDERS' FUNDS 847 560 -

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 2 September 2017 and were signed on its behalf
by:



Mr A C Waldman - Director


The notes form part of these financial statements

Page 2
Poundinmypocket Limited (Registered number: 07882935)

Notes to the Financial Statements
for the Year Ended 31 December 2016

1. STATUTORY INFORMATION

Poundinmypocket Limited is a private company, limited by shares , registered in England and Wales. 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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2015 - 2 ) .

Page 3 continued...
Poundinmypocket Limited (Registered number: 07882935)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2016

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2016
and 31 December 2016 3,624
DEPRECIATION
At 1 January 2016 1,589
Charge for year 508
At 31 December 2016 2,097
NET BOOK VALUE
At 31 December 2016 1,527
At 31 December 2015 2,035

5. DEBTORS
31.12.16 31.12.15
£    £   
Amounts falling due within one year:
Other debtors 22,901 -

Amounts falling due after more than one year:
Amounts owed by participating interests 375 -

Aggregate amounts 23,276 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.16 31.12.15
£    £   
Taxation and social security 11,504 820
Other creditors 17,764 8,761
29,268 9,581

7. RESERVES
Retained
earnings
£   

At 1 January 2016 460
Profit for the year 44,287
Dividends (44,000 )
At 31 December 2016 747

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £44,000 (2015 - £2,000) were paid to the directors .

Page 4 continued...
Poundinmypocket Limited (Registered number: 07882935)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2016

8. RELATED PARTY DISCLOSURES - continued

Both of the directors, Mr A Waldman and Mr A Greenberg received a salary of £11,750.

The directors Mr A Greenberg and Mr A Waldman are both considered to be key management personnel.

Page 5
Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Poundinmypocket Limited

The following reproduces the text of the report prepared for the directors and members in respect of the
company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is
only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and
certain other primary statements and the Report of the Directors are not required to be filed with the Registrar
of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements of Poundinmypocket Limited for the year ended 31 December 2016 which comprise the Income
Statement, Statement of Financial Position and the related notes from the company's accounting records and from
information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Poundinmypocket Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Poundinmypocket Limited and state those matters that we have agreed to state to the Board of Directors of Poundinmypocket Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Poundinmypocket Limited Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Poundinmypocket Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Poundinmypocket Limited. You consider that Poundinmypocket Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Poundinmypocket Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Nordens
The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY


Date: .............................................

This page does not form part of the statutory financial statements

Page 6