Pinewood Electronics Limited - Abbreviated accounts 16.3

Pinewood Electronics Limited - Abbreviated accounts 16.3


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REGISTERED NUMBER: 01742102(England and Wales)














Abbreviated accounts

for the year ended 31 July 2016

For

PINEWOOD ELECTRONICS LIMITED

PINEWOOD ELECTRONICS LIMITED (REGISTERED NUMBER: 01742102)

Contents of the abbreviated accounts
For The Year Ended 31 July 2016










Page

Company information 1

Abbreviated balance sheet 2

Notes to the abbreviated accounts 4

PINEWOOD ELECTRONICS LIMITED

Company information
For The Year Ended 31 July 2016







Director: D Lacey





Secretary: G M Lacey





Registered office: Second Floor, Kestrel House
Falconry Court
Bakers Lane
Epping
Essex
CM16 5BD





Registered number: 01742102(England and Wales)





Accountants: Gane Jackson Scott LLP
Chartered Certified Accountants
Second Floor, Kestrel House
Falconry Court
Bakers Lane
Epping
Essex
CM16 5BD

PINEWOOD ELECTRONICS LIMITED (REGISTERED NUMBER: 01742102)

Abbreviated balance sheet
31 July 2016

2016 2015
Notes £    £    £    £   
Fixed assets
Tangible assets 2 38,242 19,575

Current assets
Stocks 5,984 11,497
Debtors 134,909 118,676
Cash at bank 165,361 179,330
306,254 309,503
Creditors
Amounts falling due within one year 112,513 98,086
Net current assets 193,741 211,417
Total assets less current liabilities 231,983 230,992

Capital and reserves
Called up share capital 3 75 75
Capital redemption reserve 25 25
Profit and loss account 231,883 230,892
Shareholders' funds 231,983 230,992

PINEWOOD ELECTRONICS LIMITED (REGISTERED NUMBER: 01742102)

Abbreviated balance sheet - continued
31 July 2016


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

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

The director acknowledges his 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 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 director on 18 April 2017and were signed by:





D Lacey- Director


PINEWOOD ELECTRONICS LIMITED (REGISTERED NUMBER: 01742102)

Notes to the abbreviated accounts
For The Year Ended 31 July 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 revenue recognised in the accounts. Revenue is recognised when the
company fulfils its contractual obligations to customers by supplying goods and services and
excludes value added tax.

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

Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - Straight line over 3 years

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the
company's pension scheme are charged to the profit and loss account in the period to which they
relate.

2. Tangible fixed assets
Total
£   
Cost
At 1 August 2015 107,342
Additions 47,127
Disposals (70,623 )
At 31 July 2016 83,846
Depreciation
At 1 August 2015 87,767
Charge for year 10,792
Eliminated on disposal (52,955 )
At 31 July 2016 45,604
Net book value
At 31 July 2016 38,242
At 31 July 2015 19,575

PINEWOOD ELECTRONICS LIMITED (REGISTERED NUMBER: 01742102)

Notes to the abbreviated accounts - continued
For The Year Ended 31 July 2016


3. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
75 Ordinary £1 75 75