Registered Number 01286298

THOMAS PANTON (WINE MERCHANTS) LIMITED

Abbreviated Accounts

31 January 2013

THOMAS PANTON (WINE MERCHANTS) LIMITED Registered Number 01286298

Abbreviated Balance Sheet as at 31 January 2013

Notes 2013 2012
£ £
Fixed assets
Tangible assets 2 16,399 22,174
16,399 22,174
Current assets
Stocks 495,426 493,754
Debtors 104,234 109,900
Cash at bank and in hand 50 -
599,710 603,654
Creditors: amounts falling due within one year (321,200) (340,215)
Net current assets (liabilities) 278,510 263,439
Total assets less current liabilities 294,909 285,613
Creditors: amounts falling due after more than one year (300,000) (214,370)
Total net assets (liabilities) (5,091) 71,243
Capital and reserves
Called up share capital 3 33,400 33,400
Profit and loss account (38,491) 37,843
Shareholders' funds (5,091) 71,243
  • For the year ending 31 January 2013 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • 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.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 27 November 2013

And signed on their behalf by:
A T Panton, Director

THOMAS PANTON (WINE MERCHANTS) LIMITED Registered Number 01286298

Notes to the Abbreviated Accounts for the period ended 31 January 2013

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents amounts receivable by the company for goods and services supplied net of Value Added Tax

Tangible assets depreciation policy
Tangible fixed assets are included at cost less accumulated depreciation. Depreciation is provided at rates calculated to write off the asset less any estimated residual value over its estimated useful life.

Rates used are as follows
Land and Buildings - Over the life of the lease
Motor Vehicles - 25% on a reducing balance basis
Fixtures and Fittings - 20% on cost

2Tangible fixed assets
£
Cost
At 1 February 2012 68,993
Additions 539
Disposals -
Revaluations -
Transfers -
At 31 January 2013 69,532
Depreciation
At 1 February 2012 46,819
Charge for the year 6,314
On disposals -
At 31 January 2013 53,133
Net book values
At 31 January 2013 16,399
At 31 January 2012 22,174
3Called Up Share Capital
Allotted, called up and fully paid:
2013
£
2012
£
33,400 Ordinary shares of £1 each 33,400 33,400