Company Registration No. 3907182 (England and Wales)
POLE TO POLE WORLDWIDE LIMITED
Unaudited abbreviated financial statements
For the year ended 30 June 2016
POLE TO POLE WORLDWIDE LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
POLE TO POLE WORLDWIDE LIMITED
ABBREVIATED BALANCE SHEET
As at 30 June 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
10,999
16,623
Current assets
Stocks
675
-
Debtors
53,399
48,584
Cash at bank and in hand
-
2,117
54,074
50,701
Creditors: amounts falling due within one year
3
(61,241)
(47,836)
Net current liabilities/(assets)
(7,167)
2,865
Total assets less current liabilities
3,832
19,488
Creditors: amounts falling due after more than one year
4
(3,645)
(8,019)
187
11,469
Capital and reserves
Called up share capital
5
100
100
Profit and loss account
87
11,369
Shareholder's funds
187
11,469
For the financial year ended 30 June 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 28 March 2017
Mr D Cobley
Director
Company Registration No. 3907182
POLE TO POLE WORLDWIDE LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
For the year ended 30 June 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery
25% per annum reducing balance
Fixtures, fittings & equipment
25% per annum reducing balance
Motor vehicles
25% per annum reducing balance
1.5
Leasing and hire purchase commitments
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
POLE TO POLE WORLDWIDE LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
For the year ended 30 June 2016
- 3 -
2
Fixed assets
Tangible assets
£
Cost
At 1 July 2015
32,454
Additions
33
Disposals
(4,587)
At 30 June 2016
27,900
Depreciation
At 1 July 2015
15,831
On disposals
(2,598)
Charge for the year
3,668
At 30 June 2016
16,901
Net book value
At 30 June 2016
10,999
At 30 June 2015
16,623
3
Creditors: amounts falling due within one year
The aggregate amount of creditors for which security has been given amounted to £4,374 (2015 - £4,374).
4
Creditors: amounts falling due after more than one year
The aggregate amount of creditors for which security has been given amounted to £3,645 (2015 - £8,019).
5
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 Ordinary of £1 each
100
100
6
Transactions with directors
At 30 June 2016, £26,846 ( 2015 - £26,188) was owed by the director.
This loan was repaid after the year end.