ST. PETER'S DEVELOPMENT TORBAY LIMITED

ST. PETER'S DEVELOPMENT TORBAY LIMITED

ST. PETER'S DEVELOPMENT TORBAY LIMITED - Company Information

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ST. PETER'S DEVELOPMENT TORBAY LIMITED

Company Registration Number:
02950224 (England and Wales)

Unaudited abridged accounts for the year ended 31 October 2018

Period of accounts

Start date: 01 November 2017

End date: 31 October 2018

ST. PETER'S DEVELOPMENT TORBAY LIMITED

Contents of the Financial Statements

for the Period Ended 31 October 2018

Balance sheet
Notes

ST. PETER'S DEVELOPMENT TORBAY LIMITED

Balance sheet

As at 31 October 2018


Notes
2018
2017


£
£
Fixed assets
Tangible assets: 3 23,686 30,774
Total fixed assets: 23,686 30,774
Current assets
Stocks: 645,000 437,500
Debtors:   22,385 18,279
Cash at bank and in hand: 8,061 114,497
Total current assets: 675,446 570,276
Creditors: amounts falling due within one year:   (541,248) (445,101)
Net current assets (liabilities): 134,198 125,175
Total assets less current liabilities: 157,884 155,949
Provision for liabilities: (5,847) (5,847)
Total net assets (liabilities): 152,037 150,102
Capital and reserves
Called up share capital: 70 70
Profit and loss account: 151,967 150,032
Shareholders funds: 152,037 150,102

The notes form part of these financial statements

ST. PETER'S DEVELOPMENT TORBAY LIMITED

Balance sheet statements

For the year ending 31 October 2018 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 31 July 2019
and signed on behalf of the board by:

Name: SA Procter
Status: Director

The notes form part of these financial statements

ST. PETER'S DEVELOPMENT TORBAY LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2018

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is stated excluding value added tax.

Tangible fixed assets and depreciation policy

Depreciation is calculated on the reducing balance method which aims to write down the cost of the assets over their normal expected lives and is provided at the rate of 25% on plant and equipment.

Valuation and information policy

Stocks and work in progress are valued at the lower of cost and net realisable value and after making due allowance for obsolete and slow moving items.

Other accounting policies

Deferred TaxDeferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

ST. PETER'S DEVELOPMENT TORBAY LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2018

2. Employees

2018 2017
Average number of employees during the period 2 2

ST. PETER'S DEVELOPMENT TORBAY LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2018

3. Tangible Assets

Total
Cost £
At 01 November 2017 98,342
Additions 807
At 31 October 2018 99,149
Depreciation
At 01 November 2017 67,568
Charge for year 7,895
At 31 October 2018 75,463
Net book value
At 31 October 2018 23,686
At 31 October 2017 30,774