Peter Adderley Limited - Period Ending 2018-12-31

Registration number: 01366973

Peter Adderley Limited

Unaudited Financial Statements

for the Year Ended 31 December 2018

Alextra Group Ltd
Chartered Certified Accountants
7-9 Macon Court
Crewe
Cheshire
CW1 6EA

Peter Adderley Limited

Contents

Balance Sheet	1 to 2
Notes to the Financial Statements	3 to 6

Peter Adderley Limited

(Registration number: 01366973)
Balance Sheet as at 31 December 2018

	Note	2018 £	2017 £
Fixed assets
Tangible assets	4	4,589	3,125
Current assets
Stocks	5	5,447	5,408
Debtors	6	32,431	34,225
Cash at bank and in hand		39,044	23,186
		76,922	62,819
Creditors: Amounts falling due within one year	7	(34,177)	(25,944)
Net current assets		42,745	36,875
Net assets		47,334	40,000
Capital and reserves
Called up share capital		8,000	8,000
Capital redemption reserve		7,000	7,000
Profit and loss account		32,334	25,000
Total equity		47,334	40,000

For the financial year ending 31 December 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements 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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account and Directors' Report has been taken.

The notes on pages 3 to 6 form an integral part of these financial statements.

Page 1

Peter Adderley Limited

(Registration number: 01366973)
Balance Sheet as at 31 December 2018

Approved and authorised by the Board on 5 August 2019 and signed on its behalf by:
 

.........................................

Mr B J Latham
Director

The notes on pages 3 to 6 form an integral part of these financial statements.

Page 2

Peter Adderley Limited

Notes to the Financial Statements for the Year Ended 31 December 2018

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit P
Herald Drive
Crewe
CW1 6EA

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are prepared in Sterling, which is the functional currency of the company. All monetary amounts are rounded to the nearest £.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Page 3

Peter Adderley Limited

Notes to the Financial Statements for the Year Ended 31 December 2018

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	20% on cost
Fixtures and fittings	25% on cost
Motor vehicles	25% on cost

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2017 - 7).

Page 4

Peter Adderley Limited

Notes to the Financial Statements for the Year Ended 31 December 2018

4	Tangible assets

	Fixtures and fittings  £	Motor vehicles  £	Plant and machinery £	Total £
Cost or valuation
At 1 January 2018	7,210	6,000	179,239	192,449
Additions	-	-	3,386	3,386
Disposals	-	-	(149,024)	(149,024)
At 31 December 2018	7,210	6,000	33,601	46,811
Depreciation
At 1 January 2018	5,661	6,000	177,663	189,324
Charge for the period	623	-	1,192	1,815
Eliminated on disposal	-	-	(148,917)	(148,917)
At 31 December 2018	6,284	6,000	29,938	42,222
Carrying amount
At 31 December 2018	926	-	3,663	4,589
At 31 December 2017	1,549	-	1,576	3,125

5

Stocks

	2018 £	2017 £
Stock	5,447	5,408

6

Debtors

	2018 £	2017 £
Trade debtors	27,097	27,722
Prepayments	5,334	4,353
Other debtors	-	2,150
	32,431	34,225

Page 5

Peter Adderley Limited

Notes to the Financial Statements for the Year Ended 31 December 2018

7

Creditors

Creditors: amounts falling due within one year

	2018 £	2017 £
Due within one year
Trade creditors	7,471	9,807
Taxation and social security	9,955	11,746
Accruals and deferred income	4,645	4,083
Other creditors	12,106	308
	34,177	25,944

Page 6