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Registration number: 03849985

Pendle Stained Glass Ltd

Unaudited Abbreviated Accounts

for the Year Ended 30 September 2012
 

MacMahon Leggate
Chartered Accountants
Charter House
18-20 Finsley Gate
Burnley
BB11 2HA

 
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Pendle Stained Glass Ltd
Contents

Accountants' Report

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3 to 4

 

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Pendle Stained Glass Ltd
for the Year Ended 30 September 2012

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Pendle Stained Glass Ltd for the year ended 30 September 2012 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Pendle Stained Glass Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Pendle Stained Glass Ltd and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Pendle Stained Glass Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Pendle Stained Glass Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Pendle Stained Glass Ltd. You consider that Pendle Stained Glass Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Pendle Stained Glass Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

MacMahon Leggate
Chartered Accountants
Charter House
18-20 Finsley Gate
Burnley
Lancashire
BB11 2HA

18 January 2013

 

Pendle Stained Glass Ltd
(Registration number: 03849985)
Abbreviated Balance Sheet at 30 September 2012

 

Note

   

2012
£

   

2011
£

 

Fixed assets

 

   

   

 

Tangible fixed assets

 

   

99,145

   

100,464

 

Current assets

 

   

   

 

Stocks

 

   

33,783

   

61,782

 

Debtors

 

   

26,516

   

6,583

 

Cash at bank and in hand

 

   

39,788

   

72,669

 

 

   

100,087

   

141,034

 

Creditors: Amounts falling due within one year

 

   

(21,932)

   

(53,914)

 

Net current assets

 

   

78,155

   

87,120

 

Net assets

 

   

177,300

   

187,584

 

Capital and reserves

 

   

   

 

Called up share capital

 

3

   

1

   

1

 

Profit and loss account

 

   

177,299

   

187,583

 

Shareholders' funds

 

   

177,300

   

187,584

 

For the year ending 30 September 2012 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 director acknowledges his 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 director on 18 January 2013

.........................................
Mr D H Moore
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

 

Pendle Stained Glass Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 September 2012
......... continued

1

Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

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

Plant and machinery

25% reducing balance basis

Office equipment

25% reducing balance basis

Motor vehicles

25% reducing balance basis

Work in progress

Work in progress is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

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.

 

Pendle Stained Glass Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 September 2012
......... continued

2

Fixed assets

 

Tangible assets
£

   

Total
£

 

Cost

 

   

 

At 1 October 2011

 

115,424

   

115,424

 

At 30 September 2012

 

115,424

   

115,424

 

Depreciation

 

   

 

At 1 October 2011

 

14,960

   

14,960

 

Charge for the year

 

1,319

   

1,319

 

At 30 September 2012

 

16,279

   

16,279

 

Net book value

 

   

 

At 30 September 2012

 

99,145

   

99,145

 

At 30 September 2011

 

100,464

   

100,464

 

3

Share capital

Allotted, called up and fully paid shares

 

2012

2011

   

No.

   

£

   

No.

   

£

 

Ordinary of £1 each

 

1

   

1

   

1

   

1