PEPLER FINE FENCING LIMITED - Accounts 2014


ABBREVIATED ACCOUNTS


FOR THE YEAR ENDED 30/04/2014

















INDEX TO THE ACCOUNTS




Abbreviated Balance Sheet		2

Notes to the Abbreviated Accounts		4



The company's registered number is 05428687


Registered Number: 05428687

BALANCE SHEET AT 30/04/2014

			2014		2013
	Notes		£		£

FIXED ASSETS
Intangible assets	2		3,000		6,000
Tangible assets	3		21,273		27,296

CURRENT ASSETS
Stock		460		440
Debtors (amounts falling due within one year)		10,199		14,717
Cash at bank and in hand		-		880
		10,659		16,037
CREDITORS: Amounts falling due within one year		56,239		57,894
NET CURRENT LIABILITIES			(45,580)		(41,857)
TOTAL ASSETS LESS CURRENT LIABILITIES			(21,307)		(8,561)


CREDITORS: Amounts falling due after more than one year	4		3,597		6,075


PROVISIONS FOR LIABILITIES			1,850		2,527

NET LIABILITIES			(26,754)		(17,163)

CAPITAL AND RESERVES

Called up share capital	5		1		1
Profit and loss account			(26,755)		(17,164)
SHAREHOLDERS' FUNDS			(26,754)		(17,163)


Registered Number: 05428687

For the year ending 30/04/2014 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 26/01/2015 and signed on their behalf by




Mr K Pepler
Director

1. ACCOUNTING POLICIES




1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).




1b. Cash Flow Statement
The Company is exempt from including a statement of cash flows in its accounts in accordance with Financial Reporting Standard for Smaller Entities (effective April 2008).




1c. Going Concern
These financial statements have been prepared on the going concern basis, which the director considers appropriate having given due consideration to the company's ability to continue trading.
Although the company has negative net assets at the balance sheet date, the director has reviewed the facilities available to the company and considers them to be sufficient to allow the company to continue trading for at least one year from the date of these accounts.




1d. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and Machinery		reducing balance 20%
Commercial Vehicles		reducing balance 25%




1e. Stocks
Stock and work in progress are valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks.




1f. Taxation
Corporation tax payable is provided on taxable profits at the current rates.
Provision is made for deferred taxation in so far as a liability or asset has arisen as a result of transactions that had occurred by the balance sheet date and have given rise to an obligation to pay more tax in the future, or the right to pay less tax in the future. An asset has not been recognised to the extent that the transfer of economic benefits in the future is uncertain. Deferred tax assets and liabilities recognised have not been discounted.




1g. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.




1h. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 20 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.




1i. Leases
Assets held under finance leases and hire purchase contracts are capitalised in the balance sheet at their fair value and depreciated over their expected useful lives. The interest element of leasing payments represents a constant proportion of the capital balance outstanding and is charged to the profit and loss account over the period of the lease. All other leases are regarded as operating leases and the payments made under them are charged to the profit and loss account on a straight line basis over the lease term.




3. TANGIBLE FIXED ASSETS

	Plant and	Commercial
	Machinery	Vehicles	Total
	£	£	£
Cost
At 01/05/2013	71,704	34,440	106,144
Additions	1,240	-	1,240
Disposals	-	(11,320)	(11,320)
At 30/04/2014	72,944	23,120	96,064
Depreciation
At 01/05/2013	58,402	20,446	78,848
Disposals	-	(10,179)	(10,179)
For the year	2,908	3,214	6,122
At 30/04/2014	61,310	13,481	74,791
Net Book Amounts
At 30/04/2014	11,634	9,639	21,273
At 30/04/2013	13,302	13,994	27,296
The company held assets under hire purchase agreements with a net book value of £8,727 (2013 : £11,637) at the balance sheet date. Depreciation of £2,910 (2013 : £2,327) was charged in respect of these assets.




4. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
	2014	2013
	£	£
Other creditors	3,597	6,075
	3,597	6,075


Included in other creditors are:
Obligations under hire purchase	3,597	6,075




5. SHARE CAPITAL	2014	2013
	£	£
Allotted, issued and fully paid:
1 Ordinary share of £1 each	1	1
	1	1




6. RELATED PARTY TRANSACTIONS
During the year the company paid £2,520 (2013 : £2,400) to the director for use of office and storage facilities at the director's home.




7. CONTROLLING PARTY
In the opinion of the director, the company was controlled throughout the year by its director and 100% shareholder, Mr K Pepler.