Pawnbroker Limited - Period Ending 2016-11-30

Registration number: 05862822

Pawnbroker Limited

Annual Report and Unaudited Accounts

for the Year Ended 30 November 2016
 

Pawnbroker Limited
(Registration number: 05862822)
Balance Sheet at 30 November 2016

		Note			2016 £			2015 £
Creditors: Amounts falling due within one year		2			(3,713)			(3,713)
Capital and reserves
Called up share capital		3			10			10
Profit and loss account					(3,723)			(3,723)
Shareholders' deficit					(3,713)			(3,713)

For the year ending 30 November 2016 the company was entitled to exemption under section 480 of the Companies Act 2006 relating to dormant companies.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2015).

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.

Approved and authorised for issue by the Board on 29 August 2017 and signed on its behalf by:

D Grimes
 Director

The notes on page 2 form an integral part of these financial statements.
Page 1

Pawnbroker Limited
Notes to the financial statements for the Year Ended 30 November 2016
......... continued

1	Accounting policies

Trading status

The company was dormant and has not traded during the year.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Fixtures and fittings	15% on reducing balance basis
Computer equipment	33% straight line basis

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Creditors: Amounts falling due within one year

		2016 £			2015 £
Corporation tax		652			652
Other creditors		3,061			3,061
		3,713			3,713

Creditors amounts falling due within one year includes the following liabilities, on which security has been given by the company:

2016 £

2015 £

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
A Ordinary shares of £1 each		6			6			6			6
B Ordinary shares of £1 each		4			4			4			4
		10			10			10			10

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