REGISTERED NUMBER:
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P.M.L. WOODWORKING MACHINERY LIMITED |
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ABBREVIATED ACCOUNTS |
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FOR THE YEAR ENDED 30 SEPTEMBER 2016 |
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REGISTERED NUMBER:
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P.M.L. WOODWORKING MACHINERY LIMITED |
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ABBREVIATED ACCOUNTS |
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FOR THE YEAR ENDED 30 SEPTEMBER 2016 |
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P.M.L. WOODWORKING MACHINERY LIMITED (REGISTERED NUMBER: SC237775) |
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CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 30 SEPTEMBER 2016 |
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Page |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 3 |
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Chartered Accountants' Report | 5 |
P.M.L. WOODWORKING MACHINERY LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 30 SEPTEMBER 2016 |
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DIRECTOR: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
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P.M.L. WOODWORKING MACHINERY LIMITED (REGISTERED NUMBER: SC237775) |
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ABBREVIATED BALANCE SHEET |
30 SEPTEMBER 2016 |
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2016 | 2015 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 2 |
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Tangible assets | 3 |
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CURRENT ASSETS |
Debtors |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT ASSETS/(LIABILITIES) |
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( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital | 4 |
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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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The director acknowledges his responsibilities for: |
(a) |
ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and |
(b) |
preparing financial statements which give a true and fair view of the state of affairs of the company as at the end
of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
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The financial statements were approved by the director on
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P.M.L. WOODWORKING MACHINERY LIMITED (REGISTERED NUMBER: SC237775) |
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NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 30 SEPTEMBER 2016 |
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1. | ACCOUNTING POLICIES |
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Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance with the |
Financial Reporting Standard for Smaller Entities (effective January 2015). |
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Turnover |
Turnover represents net commission earned, excluding value added tax, attributable to the one principal activity |
of the company being that of manufacturer's agent. |
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Goodwill |
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Tangible fixed assets |
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Plant and machinery | - |
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Computer equipment | - |
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Deferred tax |
Deferred taxation is provided in full on timing differences which result in an obligation at the balance sheet date |
to pay more tax, or a right to pay less tax, at rates expected to apply when they reverse based on current tax rates |
and law. Timing differences arise from the inclusion of items of income and expenditure in taxation |
computations in periods different from those in which they are included in financial statements. Deferred tax |
assets are recognised to the extent that it is regarded as more likely than not that they will be recovered. Deferred |
tax assets and liabilities are not discounted. |
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Going concern |
The company has cash resources and has no requirement for external funding. The directors have a reasonable |
expectation that the company has adequate resources to continue in operational existence for the foreseeable |
future. They continue to believe the going concern basis of accounting appropriate in preparing the annual |
financial statements. |
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2. | INTANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 October 2015 |
and 30 September 2016 |
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AMORTISATION |
At 1 October 2015 |
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Amortisation for year |
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At 30 September 2016 |
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NET BOOK VALUE |
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At 30 September 2016 |
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At 30 September 2015 |
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P.M.L. WOODWORKING MACHINERY LIMITED (REGISTERED NUMBER: SC237775) |
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NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 30 SEPTEMBER 2016 |
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3. | TANGIBLE FIXED ASSETS |
Total |
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COST |
At 1 October 2015 |
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Additions |
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At 30 September 2016 |
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DEPRECIATION |
At 1 October 2015 |
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Charge for year |
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At 30 September 2016 |
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NET BOOK VALUE |
At 30 September 2016 |
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At 30 September 2015 |
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4. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2016 | 2015 |
value: | £ | £ |
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Ordinary | £1 |
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CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
P.M.L. WOODWORKING MACHINERY LIMITED |
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The following reproduces the text of the report prepared for the director in respect of the company's annual |
unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to four) |
have been prepared. |
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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
financial statements of P.M.L. Woodworking Machinery Limited for the year ended 30 September 2016 which comprise |
the Profit and Loss Account, the Balance Sheet, and the related notes from the company's accounting records and from |
information and explanations you have given us. |
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As a practising member firm of the Institute of Chartered Accountants of Scotland, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.org.uk/accountspreparationguidance. |
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This report is made solely to the director of P.M.L. Woodworking Machinery Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of P.M.L. Woodworking Machinery Limited and state those matters that we have agreed to state to the director of P.M.L. Woodworking Machinery Limited in this report in accordance with the requirements of the Institute of Chartered Accountants of Scotland as detailed at http://www.icas.org.uk/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report. |
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It is your duty to ensure that P.M.L. Woodworking Machinery Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of P.M.L. Woodworking Machinery Limited. You consider that P.M.L. Woodworking Machinery Limited is exempt from the statutory audit requirement for the year. |
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We have not been instructed to carry out an audit or a review of the financial statements of P.M.L. Woodworking Machinery Limited. 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 financial statements. |
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Chartered Accountants |
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12 January 2017 |