Peter J.Perkins & Co.Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 00617295 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2018

for

Peter J.Perkins & Co.Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R J Perkins

N.J.N. Perkins

SECRETARY:

R J Perkins

REGISTERED OFFICE:

Hendre Farm

Fishguard Road

NEWPORT

Pembrokeshire

SA42 0UF

REGISTERED NUMBER:

00617295 (England and Wales)

FIXED ASSETS

Tangible assets

4

126,122

142,418

Investments

5

250

250

126,372

142,668

CURRENT ASSETS

Stocks

351,645

374,525

Debtors

6

6,757

3,056

Cash at bank

31,477

76,526

389,879

454,107

CREDITORS

Amounts falling due within one year

7

156,557

164,945

NET CURRENT ASSETS

233,322

289,162

TOTAL ASSETS LESS CURRENT LIABILITIES

359,694

431,830

PROVISIONS FOR LIABILITIES

8,399

11,752

NET ASSETS

351,295

420,078

CAPITAL AND RESERVES

Called up share capital

593,000

593,000

Share premium

20,317

20,317

Retained earnings

(262,022

)

(193,239

)

SHAREHOLDERS' FUNDS

351,295

420,078

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 29 July 2019 and were signed on its behalf by:

R J Perkins - Director

N.J.N. Perkins - Director

1.	STATUTORY INFORMATION

Peter J.Perkins & Co.Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The accounts have been prepared on a going concern basis.

The directors continue to offer their support to the company. The directors are of the opinion that the going

concern basis of accounting is appropriate.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

10% on revalued amount

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

Motor

property

property

machinery

vehicles

Totals

£

£

£

£

£

COST

At 1 January 2018

72,558

78,345

334,254

16,995

502,152

Additions

-

-

13,380

-

13,380

Disposals

-

-

(18,177

)

-

(18,177

)

At 31 December 2018

72,558

78,345

329,457

16,995

497,355

DEPRECIATION

At 1 January 2018

72,558

59,072

218,071

10,033

359,734

Charge for year

-

4,637

18,694

1,392

24,723

Eliminated on disposal

-

-

(13,224

)

-

(13,224

)

At 31 December 2018

72,558

63,709

223,541

11,425

371,233

NET BOOK VALUE

At 31 December 2018

-

14,636

105,916

5,570

126,122

At 31 December 2017

-

19,273

116,183

6,962

142,418

5.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

31.12.18

31.12.17

£

£

Farmers First

250

250

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.12.17

£

£

Other debtors

6,757

3,056

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.12.17

£

£

Trade creditors

1,848

-

Other creditors

154,709

164,945

156,557

164,945

8.	RELATED PARTY DISCLOSURES

Rent in the sum of £23,275 was paid to Mr R J Perkins (Director/Shareholder) during the year in respect of land

and buildings occupied by the company for purpose of the trade.