Abbreviated Company Accounts - POLISH COALING AND TRADING COMPANY LIMITED

POLISH COALING AND TRADING COMPANY LIMITED - Company Information

00444533 POLISH COALING AND TRADING COMPANY LIMITED 2015-03-31 false 2014-04-01 2015-03-31 true 00444533 2014-04-01 2015-03-31 00444533 2015-03-31 00444533 2014-03-31 00444533 uk-gaap-cd-bus:Director1 2014-04-01 2015-03-31 00444533 uk-gaap-cd-bus:Director2 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 iso4217:GBP shares

Registered Number 00444533

POLISH COALING AND TRADING COMPANY LIMITED

Abbreviated Accounts

31 March 2015

POLISH COALING AND TRADING COMPANY LIMITED Registered Number 00444533

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	1,367	1,709
		1,367	1,709
Current assets
Debtors		57,113	110,346
Investments		2,000	2,000
Cash at bank and in hand		202,713	451,626
		261,826	563,972
Creditors: amounts falling due within one year		(58,307)	(359,879)
Net current assets (liabilities)		203,519	204,093
Total assets less current liabilities		204,886	205,802
Total net assets (liabilities)		204,886	205,802
Capital and reserves
Called up share capital	3	980	980
Profit and loss account		203,906	204,822
Shareholders' funds		204,886	205,802

For the year ending 31 March 2015 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 21 December 2015

And signed on their behalf by:
A Walsh, Director

POLISH COALING AND TRADING COMPANY LIMITED Registered Number 00444533

Notes to the Abbreviated Accounts for the period ended 31 March 2015

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 invoiced amounts from coal trading, ship freights and freight commissions provided in the year net of VAT.

Tangible assets depreciation policy
Depreciation has been calculated to write off the cost of tangible fixed assets over their expected useful lives, on the following basis:- 20% per annum on a reducing balance basis.

Other accounting policies
Foreign Currencies
Assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Currency fluctuations arising from the settled transactions are taken to the profit and loss account.

Pension Contributions
Contributions to defined contribution schemes are charged to the profit and loss account as they fall due.

2Tangible fixed assets

	£
Cost
At 1 April 2014	6,154
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2015	6,154
Depreciation
At 1 April 2014	4,445
Charge for the year	342
On disposals	-
At 31 March 2015	4,787
Net book values
At 31 March 2015	1,367
At 31 March 2014	1,709

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
980 Ordinary shares of £1 each	980	980