5215426 2015-09-01 false true 2016-08-312016-08-31 5215426 2015-09-01 2016-08-31 5215426 2016-08-31 5215426 2015-08-31 5215426 c:FixturesFittingsToolsEquipment 2015-09-01 2016-08-31 5215426 d:OrdinaryShareClass1 2016-08-31 5215426 d:OrdinaryShareClass1 2015-08-31 5215426 d:OrdinaryShareClass1 2015-09-01 2016-08-31 5215426 d:Director1 2015-09-01 2016-08-31 5215426 c:OfficeEquipment 2015-09-01 2016-08-31 xbrli:shares iso4217:GBP

Registered number: 5215426









MARTIN PRYKE TAILORING LIMITED








ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2016


 
MARTIN PRYKE TAILORING LIMITED
REGISTERED NUMBER: 5215426

ABBREVIATED BALANCE SHEET
AS AT 31 AUGUST 2016

2016
2015
Note
£
£
£
£
 
FIXED ASSETS





 
Tangible assets
 
2
659
223
 
CURRENT ASSETS





 
Stocks
4,455
4,894

 
Debtors
45,369
50,492

 
Cash at bank and in hand

10,347
14,635







 
60,171
70,021
 
CREDITORS: amounts falling due within one year
(60,758)
(69,676)
 
NET CURRENT (LIABILITIES)/ASSETS


(587)

345
 
TOTAL ASSETS LESS CURRENT LIABILITIES
 72

 568
  
CAPITAL AND RESERVES

 
Called up share capital
3
2
2
 
Profit and loss account
70
566
 
SHAREHOLDERS' FUNDS
 

 72

 568


The directors consider that the company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 ("the Act") and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Act. 

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and for preparing financial statements which give a true and fair view of the state of affairs of the company as at 31 August 2016 and of its profit for the year in accordance with the requirements of sections 394 and 395 of the Act 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, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006, were approved and authorised for issue by the board and were signed on its behalf on 22 December 2016.







Mr M E Pryke
Director

The notes on pages 2 to 3 form part of these financial statements.

Page 1


 
MARTIN PRYKE TAILORING LIMITED
 
 
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2016

1.ACCOUNTING POLICIES

1.1
Basis of preparation of financial statements

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 January 2015).

1.2
Cash flow

The financial statements do not include a Cash flow statement because the company, as a small reporting entity, is exempt from the requirement to prepare such a statement under the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.3
Turnover

Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.

1.4
Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation.  Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & fittings
-
25% reducing balance
Office equipment
-
33% straight line

1.5
Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

1.6
Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at rates of exchange ruling at the balance sheet date.
Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction.
Exchange gains and losses are recognised in the Profit and loss account.

1.7
Pensions

The company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the company to the fund in respect of the year.

Page 2


 
MARTIN PRYKE TAILORING LIMITED
 
 
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2016

2.TANGIBLE FIXED ASSETS



£


Cost 


At 1 September 2015
7,535

Additions
738


At 31 August 2016

8,273



Depreciation


At 1 September 2015
7,312

Charge for the year
302


At 31 August 2016

7,614




Net book value


At 31 August 2016
 659


At 31 August 2015

 223


3.SHARE CAPITAL
        2016
        2015
        £

        £

Allotted, called up and fully paid



2 Ordinary shares of £1 each
 2
 2


4.DIRECTORS' BENEFITS: ADVANCES, CREDIT AND GUARANTEES

Included in other creditors due within one year is a loan from the directorsMr M Pryke and Mrs J Pryke, amounting to £(23,142) [2015 - £(28,915)].  
 

5.CONTROLLING PARTY

The company was controlled throughout the current and previous period by its director, M E Pryke and its company secretary, Mrs J L Pryke by virtue of the fact that between them they own all of the company's ordinary issued share capital.

Page 3