Pentire Designs Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 08802190 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2017

for

Pentire Designs Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Ms L S Webster

REGISTERED OFFICE:

18, The Lagger

Chalfont St. Giles

Bucks.

HP8 4DG

REGISTERED NUMBER:

08802190 (England and Wales)

ACCOUNTANTS:

Lawson & Co.

18, The Lagger

Chalfont St. Giles

Bucks.

HP8 4DG

FIXED ASSETS

Tangible assets

4

3,503

4,046

CURRENT ASSETS

Debtors

5

6,914

1,278

Cash at bank

17,411

24,879

24,325

26,157

CREDITORS

Amounts falling due within one year

6

10,291

13,182

NET CURRENT ASSETS

14,034

12,975

TOTAL ASSETS LESS CURRENT LIABILITIES

17,537

17,021

PROVISIONS FOR LIABILITIES

7

879

879

NET ASSETS

16,658

16,142

CAPITAL AND RESERVES

Called up share capital

8

1

1

Retained earnings

16,657

16,141

SHAREHOLDERS' FUNDS

16,658

16,142

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 21 September 2018 and were signed by:

Ms L S Webster - Director

1.	STATUTORY INFORMATION

Pentire Designs 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

-

20% 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 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2016 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2017

6,091

Additions

1,149

Disposals

(699

)

At 31 December 2017

6,541

DEPRECIATION

At 1 January 2017

2,045

Charge for year

1,168

Eliminated on disposal

(175

)

At 31 December 2017

3,038

NET BOOK VALUE

At 31 December 2017

3,503

At 31 December 2016

4,046

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Trade debtors

4,469

-

Other debtors

2,445

1,278

6,914

1,278

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Taxation and social security

9,824

8,117

Other creditors

467

5,065

10,291

13,182

7.	PROVISIONS FOR LIABILITIES

31.12.17

31.12.16

£

£

Deferred tax

879

879

Deferred

tax

£

Balance at 1 January 2017

879

Accelerated capital allowances

Balance at 31 December 2017

879

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.17

31.12.16

value:

£

£

1

Ordinary

£1

1

1

9.	RELATED PARTY DISCLOSURES

The company is controlled by director and shareholder Ms. L. Webster.

During the year the director, in her capacity as a shareholder, has received dividends amounting to £40,000

(2016: £26,000).