Abbreviated Company Accounts - PENNINGTONS PROFESSIONAL SERVICES LIMITED

PENNINGTONS PROFESSIONAL SERVICES LIMITED - Company Information

03096685 PENNINGTONS PROFESSIONAL SERVICES LIMITED 2014-08-31 false 2013-09-01 2014-08-31 true 03096685 2013-09-01 2014-08-31 03096685 2014-08-31 03096685 2013-08-31 03096685 uk-gaap-cd-bus:Director1 2013-09-01 2014-08-31 03096685 uk-gaap-cd-bus:Director2 2013-09-01 2014-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-09-01 2014-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-08-31 iso4217:GBP shares

Registered Number 03096685

PENNINGTONS PROFESSIONAL SERVICES LIMITED

Abbreviated Accounts

31 August 2014

PENNINGTONS PROFESSIONAL SERVICES LIMITED Registered Number 03096685

Abbreviated Balance Sheet as at 31 August 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	430	850
		430	850
Current assets
Stocks		3,533	-
Debtors		7,062	3,830
Cash at bank and in hand		4,344	703
		14,939	4,533
Creditors: amounts falling due within one year		(17,627)	(16,473)
Net current assets (liabilities)		(2,688)	(11,940)
Total assets less current liabilities		(2,258)	(11,090)
Total net assets (liabilities)		(2,258)	(11,090)
Capital and reserves
Called up share capital	3	2	2
Profit and loss account		(2,260)	(11,092)
Shareholders' funds		(2,258)	(11,090)

For the year ending 31 August 2014 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 29 October 2014

And signed on their behalf by:
Mrs E J Kensdale, Director

PENNINGTONS PROFESSIONAL SERVICES LIMITED Registered Number 03096685

Notes to the Abbreviated Accounts for the period ended 31 August 2014

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.

Turnover policy
Turnover represents net invoiced sales of services, excluding value added tax.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 25% reducing balance
Computer equipment - 25% straight line

Other accounting policies
Stocks
Work in progress is valued at the lower of cost and net realisable value.
Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

2Tangible fixed assets

	£
Cost
At 1 September 2013	7,573
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 August 2014	7,573
Depreciation
At 1 September 2013	6,723
Charge for the year	420
On disposals	-
At 31 August 2014	7,143
Net book values
At 31 August 2014	430
At 31 August 2013	850

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
2 Ordinary shares of £1 each	2	2