P.T.F. Glass Limited - Abbreviated accounts 16.1

P.T.F. Glass Limited - Abbreviated accounts 16.1

P.T.F. GLASS LIMITED - Company Information

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REGISTERED NUMBER: 06492890 (England and Wales)















Abbreviated Unaudited Accounts for the Year Ended 31 January 2016

for

P.T.F. Glass Limited

P.T.F. Glass Limited (Registered number: 06492890)






Contents of the Abbreviated Accounts
for the Year Ended 31 January 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

P.T.F. Glass Limited

Company Information
for the Year Ended 31 January 2016







DIRECTORS: P T French
Mrs D French





SECRETARY: Mrs D French





REGISTERED OFFICE: Vaynol Gate
Rooms Lane
Morley
Leeds
West Yorkshire
LS27 9PA





REGISTERED NUMBER: 06492890 (England and Wales)





ACCOUNTANTS: Frank W Dobby & Co Limited
Chartered Certified Accountants
55 Fountain Street
Morley
Leeds
West Yorkshire
LS27 0AA
Page 1
P.T.F. Glass Limited (Registered number: 06492890)

Abbreviated Balance Sheet
31 January 2016

31.1.16 31.1.15
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 - -
Tangible assets 3 7,669 9,069
7,669 9,069

CURRENT ASSETS
Stocks 1,000 850
Debtors 39,768 41,597
Cash at bank 2,812 6,040
43,580 48,487
CREDITORS
Amounts falling due within one year 48,965 55,099
NET CURRENT LIABILITIES (5,385 ) (6,612 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
2,284
2,457

PROVISIONS FOR LIABILITIES 1,122 1,311
NET ASSETS 1,162 1,146

CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit and loss account 1,062 1,046
SHAREHOLDERS' FUNDS 1,162 1,146

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act
2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394
and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The notes form part of these abbreviated accounts

Page 2 continued...
P.T.F. Glass Limited (Registered number: 06492890)

Abbreviated Balance Sheet - continued
31 January 2016


The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 4 March 2016 and were signed on its behalf by:





P T French - Director


The notes form part of these abbreviated accounts

Page 3
P.T.F. Glass Limited (Registered number: 06492890)

Notes to the Abbreviated Accounts
for the Year Ended 31 January 2016

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the
Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 February 2015
and 31 January 2016 40,000
AMORTISATION
At 1 February 2015
and 31 January 2016 40,000
NET BOOK VALUE

At 31 January 2016 -
At 31 January 2015 -

Page 4 continued...
P.T.F. Glass Limited (Registered number: 06492890)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 January 2016

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 February 2015
and 31 January 2016 20,140
DEPRECIATION
At 1 February 2015 11,071
Charge for year 1,400
At 31 January 2016 12,471
NET BOOK VALUE
At 31 January 2016 7,669
At 31 January 2015 9,069

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.16 31.1.15
value: £    £   
100 Ordinary 1.00 100 100

Page 5