PNL Agency Limited - Accounts to registrar

REGISTERED NUMBER: 02495245 (England and Wales)

PNL Agency Limited

Unaudited Financial Statements for the Year Ended 31st December 2016

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

P Stojcevic

REGISTERED OFFICE:

8 Blandfield Road

London

SW12 8BG

REGISTERED NUMBER:

02495245 (England and Wales)

ACCOUNTANTS:

The Decimal Place

8 Blandfield Road

London

SW12 8BG

BANKERS:

Lloyds TSB

West Dulwich

London

SE21

FIXED ASSETS

Tangible assets

3

58,580

CURRENT ASSETS

Debtors

4

8,049

Cash at bank

44,712

52,761

CREDITORS

Amounts falling due within one
year

5

193,528

NET CURRENT LIABILITIES

(140,767

)

(140,767

)

TOTAL ASSETS LESS
CURRENT LIABILITIES

(82,187

)

(82,187

)

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

(82,287

)

(82,287

)

SHAREHOLDERS' FUNDS

(82,187

)

(82,187

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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 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 director on 27th September 2017 and were
signed by:

P Stojcevic - Director

1.	STATUTORY INFORMATION

PNL Agency 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.

Freehold property

-

2% on cost

Plant and machinery

-

25% on cost

Fixtures and fittings

-

25% on cost

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated

but not reversed at the balance sheet 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.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

Totals

£

COST

At 1st January 2016

and 31st December 2016

100,405

12,256

45,462

158,123

DEPRECIATION

At 1st January 2016

and 31st December 2016

41,827

12,255

45,461

99,543

NET BOOK VALUE

At 31st December 2016

58,578

1

58,580

At 31st December 2015

58,578

1

58,580

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR

2016

2015

£

Trade debtors

137

Other debtors

6,852

VAT

960

Called up share capital not paid

100

8,049

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR

2016

2015

£

Trade creditors

12,624

Social security and other taxes

68

Other creditors

133,104

Directors' current accounts

45,732

Accruals and deferred income

2,000

193,528

PNL Agency Limited - Accounts to registrar - small 17.2

PNL Agency Limited - Accounts to registrar - small 17.2