Pash Limited - Accounts to registrar (filleted) - small 17.3
Pash Limited - Accounts to registrar (filleted) - small 17.3
| REGISTERED NUMBER: |
| PASH LIMITED |
| Financial Statements |
| for the Year Ended 31 October 2016 |
| PASH LIMITED (REGISTERED NUMBER: 06715509) |
| Contents of the Financial Statements |
| for the year ended 31 October 2016 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 | to | 3 |
| Notes to the Financial Statements | 4 | to | 8 |
| PASH LIMITED |
| Company Information |
| for the year ended 31 October 2016 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Certified Accountants |
| PASH LIMITED (REGISTERED NUMBER: 06715509) |
| Balance Sheet |
| 31 October 2016 |
| 2016 | 2015 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 3 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 4 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES | 6 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 7 |
| Profit and loss account | 8 |
| SHAREHOLDERS' FUNDS |
| 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. |
| PASH LIMITED (REGISTERED NUMBER: 06715509) |
| Balance Sheet - continued |
| 31 October 2016 |
| The financial statements were approved by the Board of Directors on its behalf by: |
| PASH LIMITED (REGISTERED NUMBER: 06715509) |
| Notes to the Financial Statements |
| for the year ended 31 October 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. |
| Tangible fixed assets |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Computer equipment | - |
| 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. |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at |
| the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of |
| exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at |
| the operating result. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to the profit and loss account on a straight line basis |
| over the period of the lease. |
| PASH LIMITED (REGISTERED NUMBER: 06715509) |
| Notes to the Financial Statements - continued |
| for the year ended 31 October 2016 |
| 2. | TANGIBLE FIXED ASSETS |
| Fixtures |
| and | Motor | Computer |
| fittings | vehicles | equipment | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 November 2015 |
| Additions |
| At 31 October 2016 |
| DEPRECIATION |
| At 1 November 2015 |
| Charge for year |
| At 31 October 2016 |
| NET BOOK VALUE |
| At 31 October 2016 |
| At 31 October 2015 |
| 3. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2016 | 2015 |
| £ | £ |
| Trade debtors | 65,573 | 20,119 |
| Other debtors | 39,096 | 30,017 |
| 4. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2016 | 2015 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| PASH LIMITED (REGISTERED NUMBER: 06715509) |
| Notes to the Financial Statements - continued |
| for the year ended 31 October 2016 |
| 5. | LOANS |
| An analysis of the maturity of loans is given below: |
| 2016 | 2015 |
| £ | £ |
| Amounts falling due within one year or on demand: |
| Bank overdrafts |
| Bank loans |
| 10,525 | 9,811 |
| 6. | PROVISIONS FOR LIABILITIES |
| 2016 | 2015 |
| £ | £ |
| Deferred tax |
| Accelerated capital allowances |
| Deferred |
| tax |
| £ |
| Balance at 1 November 2015 |
| Credit to Profit and Loss Account during year | ( |
) |
| Balance at 31 October 2016 |
| 7. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2016 | 2015 |
| value: | £ | £ |
| Ordinary | £ 1 |
| 8. | RESERVES |
| Profit |
| and loss |
| account |
| £ |
| At 1 November 2015 |
| Profit for the year |
| Dividends | ( |
) |
| At 31 October 2016 |
| PASH LIMITED (REGISTERED NUMBER: 06715509) |
| Notes to the Financial Statements - continued |
| for the year ended 31 October 2016 |
| 9. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to directors subsisted during the years ended 31 October 2016 and |
| 31 October 2015: |
| 2016 | 2015 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Balance outstanding at end of year |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid |
| Balance outstanding at end of year |
| Interest is charged at the official rate. |
| 10. | RELATED PARTY DISCLOSURES |
| A director of the company |
| The above has given a personal guarantee in respect of the companies bank loan. |
| Dividends of £5,000 (2015 - NIL) were paid during the year. |
| 2016 | 2015 |
| £ | £ |
| Amount due from/(to) related party at the balance sheet date | ( |
) |
| A director of the company |
| The above has given a personal guarantee in respect of the companies bank loan. |
| Dividends of £5,000 (2015 - NIL) were paid during the year. |
| 2016 | 2015 |
| £ | £ |
| Amount due from related party at the balance sheet date |
| PASH LIMITED (REGISTERED NUMBER: 06715509) |
| Notes to the Financial Statements - continued |
| for the year ended 31 October 2016 |
| 10. | RELATED PARTY DISCLOSURES - continued |
| AP Imports Limited |
| A company in which APL Hall and P Sills are directors. |
| The company is renting storage facilities from A P Imports Limited, rent of £10,800 was paid during |
| the year. |
| 2016 | 2015 |
| £ | £ |
| Amount due from related party at the balance sheet date |
| 11. | ULTIMATE CONTROLLING PARTY |
| The company is controlled by its directors. |