Pentagon (NW) Limited - Abbreviated accounts

Pentagon (NW) Limited - Abbreviated accounts

PENTAGON (NW) LIMITED - Company Information

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Registered number
07808895
Pentagon (NW) Limited
Abbreviated Accounts
31 March 2014
Pentagon (NW) Limited
Chartered Accountants' report to the board of directors on the preparation of the unaudited abbreviated accounts of Pentagon (NW) Limited for the period ended 31 March 2014
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of Pentagon (NW) Limited for the period ended 31 March 2014 which comprise of the balance sheet 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, we are subject to its ethical and other professional requirements which are detailed at
icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 2/10 as detailed at icaew.com/compilation.
Nero Accounting Limited
Chartered Accountants
Crows Nest Business Park
Ashton Road
Billinge
Wigan
WN5 7XX
19 December 2014
Pentagon (NW) Limited
Registered number: 07808895
Abbreviated Balance Sheet
as at 31 March 2014
Notes 2014 2012
£ £
Fixed assets
Intangible assets 2 - -
Tangible assets 3 4,426 6,000
Investments 4 - -
4,426 6,000
Current assets
Stocks - -
Debtors 5 53,299 6,896
Investments held as current assets - -
Cash at bank and in hand 53,085 32,558
106,384 39,454
Creditors: amounts falling due within one year (94,377) (29,746)
Net current assets 12,007 9,708
Total assets less current liabilities 16,433 15,708
Creditors: amounts falling due after more than one year - -
Provisions for liabilities - -
Net assets 16,433 15,708
Capital and reserves
Called up share capital 7 100 100
Share premium - -
Revaluation reserve - -
Capital redemption reserve - -
Profit and loss account 16,333 15,608
Shareholder's funds 16,433 15,708
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
V Davies
Director
Approved by the board on 19 December 2014
Pentagon (NW) Limited
Notes to the Abbreviated Accounts
for the period ended 31 March 2014
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Going Concern
The accounts have been prepared on a going concern basis which is dependent upon the continued support of the bank and related parties.
Turnover
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and machinery 25% straight line
Office equipment 25% straight line
Motor vehicles 25% straight line
Stocks
Stock is valued at the lower of cost and net realisable value.
Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.
Foreign currencies
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.
Leasing and hire purchase commitments
Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.

The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Rentals paid under operating leases are charged to income on a straight line basis over the lease term.
Pensions
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2 Intangible fixed assets £
Cost
At 1 November 2012 -
Additions -
Disposals -
At 31 March 2014 -
Amortisation
At 1 November 2012 -
Provided during the period -
On disposals -
At 31 March 2014 -
Net book value
At 31 March 2014 -
At 31 October 2012 -
3 Tangible fixed assets £
Cost
At 1 November 2012 8,000
Additions 1,313
Surplus on revaluation -
Disposals -
At 31 March 2014 9,313
Depreciation
At 1 November 2012 2,000
Charge for the period 2,887
Surplus on revaluation -
On disposals -
At 31 March 2014 4,887
Net book value
At 31 March 2014 4,426
At 31 October 2012 6,000
4 Investments £
Cost
At 1 November 2012 -
Additions -
Disposals -
At 31 March 2014 -
The company holds 20% or more of the share capital of the following companies:
Capital and Profit (loss)
Company Shares held reserves for the year
Class % £ £
[Company name 1] Ordinary - - -
[Company name 2] Ordinary - - -
[Company name 3] Ordinary - - -
[Company name 4] Ordinary - - -
5 Debtors 2014 2012
£ £
Debtors include:
Amounts due after more than one year - -
6 Loans 2014 2012
£ £
Creditors include:
Amounts falling due for payment after more than five years - -
Secured bank loans - -
7 Share capital Nominal 2014 2014 2012
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 100 100 100
B Ordinary shares £1 each - - -
100 100
? Preference shares £1 each - - -
100 100
Nominal Number Amount
value £
Shares issued during the period:
Ordinary shares £1 each - -
B Ordinary shares £1 each - -
-
? Preference shares £1 each - -
-
8 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
V W Davies
[Loan 1] - - - -
[Loan 2] - - - -
[Director 2]
[Loan 1] - - - -
[Loan 2] - - - -
[Director 3]
[Loan 1] - - - -
[Loan 2] - - - -
[Director 4]
[Loan 1] - - - -
[Loan 2] - - - -
[Director 5]
[Loan 1] - - - -
[Loan 2] - - - -
[Director 6]
[Loan 1] - - - -
[Loan 2] - - - -
[Director 7]
[Loan 1] - - - -
[Loan 2] - - - -
[Director 8]
[Loan 1] - - - -
[Loan 2] - - - -
[Director 9]
[Loan 1] - - - -
[Loan 2] - - - -
- - - -
9 Guarantees made by the company on behalf of directors
Description and terms Maximum Amount paid
liability and incurred
£ £
V W Davies
[Guarantee 1] - -
[Guarantee 2] - -
[Director 2]
[Guarantee 1] - -
[Guarantee 2] - -
[Director 3]
[Guarantee 1] - -
[Guarantee 2] - -
[Director 4]
[Guarantee 1] - -
[Guarantee 2] - -
[Director 5]
[Guarantee 1] - -
[Guarantee 2] - -
[Director 6]
[Guarantee 1] - -
[Guarantee 2] - -
[Director 7]
[Guarantee 1] - -
[Guarantee 2] - -
[Director 8]
[Guarantee 1] - -
[Guarantee 2] - -
[Director 9]
[Guarantee 1] - -
[Guarantee 2] - -
- -
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