Company Registration No. 05044369 (England and Wales)
PENCOED REINFORCEMENTS LTD
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 5 APRIL 2016
PENCOED REINFORCEMENTS LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
PENCOED REINFORCEMENTS LTD
ABBREVIATED BALANCE SHEET
AS AT
5 APRIL 2016
05 April 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
36,513
37,667
Current assets
Stocks
-
896
Debtors
14,880
16,076
Cash at bank and in hand
6,538
6,705
21,418
23,677
Creditors: amounts falling due within one year
(3,575)
(9,690)
Net current assets
17,843
13,987
Total assets less current liabilities
54,356
51,654
Provisions for liabilities
(6,056)
(6,869)
48,300
44,785
Capital and reserves
Called up share capital
3
2
2
Profit and loss account
48,298
44,783
Shareholders' funds
48,300
44,785
For the financial year ended 5 April 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their 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 4 January 2017
M Pengelly
Director
Company Registration No. 05044369
PENCOED REINFORCEMENTS LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 5 APRIL 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
15% Reducing balance
Fixtures, fittings & equipment
15% Reducing balance
Motor vehicles
15% Reducing balance
2
Fixed assets
Tangible assets
£
Cost
At 6 April 2015
124,743
Additions
4,549
At 5 April 2016
129,292
Depreciation
At 6 April 2015
87,076
Charge for the year
5,703
At 5 April 2016
92,779
Net book value
At 5 April 2016
36,513
At 5 April 2015
37,667
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
2 Ordinary shares of £1 each
2
2