Registered Number 01286298

THOMAS PANTON (WINE MERCHANTS) LIMITED

Abbreviated Accounts

31 January 2016

THOMAS PANTON (WINE MERCHANTS) LIMITED Registered Number 01286298

Abbreviated Balance Sheet as at 31 January 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 6,289 8,749
6,289 8,749
Current assets
Stocks 479,567 486,253
Debtors 66,810 58,242
Cash at bank and in hand 50 50
546,427 544,545
Creditors: amounts falling due within one year (326,630) (328,262)
Net current assets (liabilities) 219,797 216,283
Total assets less current liabilities 226,086 225,032
Creditors: amounts falling due after more than one year (244,135) (244,135)
Total net assets (liabilities) (18,049) (19,103)
Capital and reserves
Called up share capital 3 33,400 33,400
Profit and loss account (51,449) (52,503)
Shareholders' funds (18,049) (19,103)
  • For the year ending 31 January 2016 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 28 October 2016

And signed on their behalf by:
Tom Panton, Director

THOMAS PANTON (WINE MERCHANTS) LIMITED Registered Number 01286298

Notes to the Abbreviated Accounts for the period ended 31 January 2016

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 the invoiced value of goods and services supplied by the company net of Value Added Tax and applicable trade discounts

Tangible assets depreciation policy
Tangible fixed assets are included at cost less accumulated depreciation.

Depreciation is calculated to write off the cost of each asset over its estimated useful life at the following rates
Land and Building - 0% on cost
Motor vehicles - 25% on reducing balance
Fixtures and fittings 20% on cost

2Tangible fixed assets
£
Cost
At 1 February 2015 71,417
Additions 312
Disposals -
Revaluations -
Transfers -
At 31 January 2016 71,729
Depreciation
At 1 February 2015 62,668
Charge for the year 2,772
On disposals -
At 31 January 2016 65,440
Net book values
At 31 January 2016 6,289
At 31 January 2015 8,749
3Called Up Share Capital
Allotted, called up and fully paid:
2016
£
2015
£
33,400 Ordinary shares of £1 each 33,400 33,400