Company Registration No. 06467209 (England and Wales)
Piojito Limited
Unaudited abbreviated financial statements
For the year ended 31 January 2016
PIOJITO LIMITED
Piojito Limited
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
PIOJITO LIMITED
Piojito Limited
ABBREVIATED BALANCE SHEET
AS AT
31 JANUARY 2016
31 January 2016
- 1 -
2016
2015
Notes
£
£
£
£
Current assets
Stocks
39,980
31,265
Debtors
59,131
68,564
Cash at bank and in hand
58,737
17,602
157,848
117,431
Creditors: amounts falling due within one year
(41,373)
(40,834)
Total assets less current liabilities
116,475
76,597
Capital and reserves
Called up share capital
2
1
1
Profit and loss account
116,474
76,596
Shareholders' funds
116,475
76,597
For the financial year ended 31 January 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 28 October 2016
D Lazarus
Director
Company Registration No. 06467209
PIOJITO LIMITED
Piojito Limited
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JANUARY 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Turnover
Turnover represents royalties received for physical and digital sales and fees received for licensing and consultancy net of VAT and trade discounts.
1.3
Stock
Stock is valued at the lower of cost and net realisable value.
1.4
Foreign currency translation
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.
2
Share capital
2016
2015
£
£
Allotted, called up and fully paid
1 Ordinary Share of £1 each
1
1