Panbride Associates Limited
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For the year ended 31 July 2016
Unaudited Abbreviated Report and Financial Statements
Scotland
Registered Number: SC406592
Panbride Associates Limited
For the year ended 31 July 2016
1
Balance Sheet
2
Notes to the Abbreviated Financial Statements
Abbreviated Balance Sheet
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Panbride Associates Limited
2016
2015
8,048
5,173
7,557
6,725
12,730
14,773
Creditors
:
amounts falling due within one year
|
(13,695)
(12,674)
1,078
56
Net current assets
Total assets less current liabilities
|
56
1,078
56
Net assets
1,078
10
2
10
46
1,068
56
1,078
Shareholders funds
For the year ended 31 July 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
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2) The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts
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These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
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Date approved by the board: 24 April 2017
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Signed on behalf of the board of directors
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Notes to the Abbreviated Financial Statements
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Panbride Associates Limited
For the year ended 31 July 2016
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
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Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
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Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
The company operates a defined contribution pension scheme for the benefit of its directors
/
and employees
.
Contributions
|
payable are charged to the profit and loss account in the period in which they are payable
.
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Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the
|
balance sheet date
.
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction
.
All foreign
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exchange differences are included to the profit and loss account
.
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Proposed dividends are only included as liabilities in the financial statements when their payment has been approved by the
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shareholders prior to the balance sheet date
.
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Allotted called up and fully paid
|
2016
2015
10
Class A shares of £
1
.
00
each
|
10
10
10
10
2 of 2