Abbreviated Company Accounts - ABOUT PRESENTATION LIMITED

ABOUT PRESENTATION LIMITED Registered Number 03342169

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	6,432	8,309
		6,432	8,309
Current assets
Stocks		30,226	25,037
Debtors	3	47,278	65,842
Cash at bank and in hand		6	558
		77,510	91,437
Creditors: amounts falling due within one year		(58,628)	(68,223)
Net current assets (liabilities)		18,882	23,214
Total assets less current liabilities		25,314	31,523
Creditors: amounts falling due after more than one year		(25,312)	(31,503)
Total net assets (liabilities)		2	20
Capital and reserves
Called up share capital	4	2	2
Profit and loss account		-	18
Shareholders' funds		2	20

For the year ending 31 March 2016 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 17 November 2016

And signed on their behalf by:
J Marsden, Director

ABOUT PRESENTATION LIMITED Registered Number 03342169

Notes to the Abbreviated Accounts for the period ended 31 March 2016

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 the total invoice value, excluding value added tax, of sales made during the year.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Plant and machinery - 15% reducing balance
Motor vehicles - 25% reducing balance

Other accounting policies
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 constant periodic rates of charge on the net obligations outstanding in each period.

Stock
Stock is valued at the lower of cost and net realisable value.

Pensions
The pension costs charged in the financial statements represent the contribution payable by the
company during the year.
The regular cost of providing retirement pensions and related benefits is charged to the profit and loss account over the employees' service lives on the basis of a constant percentage of earnings.

2Tangible fixed assets

	£
Cost
At 1 April 2015	31,516
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	31,516
Depreciation
At 1 April 2015	23,207
Charge for the year	1,877
On disposals	-
At 31 March 2016	25,084
Net book values
At 31 March 2016	6,432
At 31 March 2015	8,309

3Debtors

The director ( J Marsden) had interest free loans during the year: 2016 - £5,014, 2015 £12,595.

4Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
2 Ordinary shares of £1 each	2	2