Company Registration No. 1405058 (England and Wales)
A & N PENNINGTON (MANCHESTER) LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2016
A & N PENNINGTON (MANCHESTER) LIMITED
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
A & N PENNINGTON (MANCHESTER) LIMITED
ABBREVIATED BALANCE SHEET
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
20,894
28,572
Current assets
Stocks
19,387
31,725
Debtors
340,124
346,630
Cash at bank and in hand
71,029
271,862
430,540
650,217
Creditors: amounts falling due within one year
(381,231)
(378,916)
Net current assets
49,309
271,301
Total assets less current liabilities
70,203
299,873
Creditors: amounts falling due after more than one year
(50,000)
-
Provisions for liabilities
(4,179)
(5,715)
16,024
294,158
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
15,924
294,058
Shareholders' funds
16,024
294,158
A & N PENNINGTON (MANCHESTER) LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
- 2 -
For the financial year ended 31 May 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 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 director acknowledges her 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 11 January 2017
Ms A Dennis
Director
Company Registration No. 1405058
A & N PENNINGTON (MANCHESTER) LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MAY 2016
- 3 -
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
Computer equipment
25% straight line
Motor vehicles
25% reducing balance
1.5
Leasing
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
1.6
Stock
Stock is valued at the lower of cost and net realisable value.
A & N PENNINGTON (MANCHESTER) LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2016
- 4 -
2
Fixed assets
Tangible assets
£
Cost
At 1 June 2015
109,271
Additions
4,600
Disposals
(22,980)
At 31 May 2016
90,891
Depreciation
At 1 June 2015
80,699
On disposals
(19,255)
Charge for the year
8,553
At 31 May 2016
69,997
Net book value
At 31 May 2016
20,894
At 31 May 2015
28,572
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 Ordinary shares of £1 each
100
100
4
Ultimate parent company
Throughout the year, the company was controlled by the director.