REGISTERED NUMBER: 01742102 (England and Wales)

Abbreviated accounts

for the year ended 31 July 2016

For

PINEWOOD ELECTRONICS LIMITED

Page

Company information

1

Abbreviated balance sheet

2

Notes to the abbreviated accounts

4

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

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

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 2017 and were signed by:

D Lacey - Director

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

3.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

75

Ordinary

£1

75

75