PECI Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: SC450699 (Scotland)

Abbreviated Unaudited Accounts

for the Year Ended 31 May 2016

for

PECI Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

A A Cochrane

SECRETARY:

A A Cochrane

REGISTERED OFFICE:

Chapelshade House

78-84 Bell Street

Dundee

DD1 1HN

REGISTERED NUMBER:

SC450699 (Scotland)

ACCOUNTANT:

MMG Archbold Ltd

Chartered Accountants

Chapelshade House

78-84 Bell Street

Dundee

DD1 1RQ

FIXED ASSETS

Tangible assets

2

25,062

50,125

CURRENT ASSETS

Debtors

123,517

120,125

Cash at bank

86,914

14,092

210,431

134,217

CREDITORS

Amounts falling due within one year

75,125

122,986

NET CURRENT ASSETS

135,306

11,231

TOTAL ASSETS LESS CURRENT LIABILITIES

160,368

61,356

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

160,268

61,256

SHAREHOLDERS' FUNDS

160,368

61,356

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2016 in accordance with Section 476 of the Companies Act 2006.

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.

The abbreviated accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies.

The financial statements were approved by the director on 29 October 2019 and were signed by:

A A Cochrane - Director

1.	ACCOUNTING POLICIES

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).

Tangible fixed assets

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

Plant and machinery etc

-

25% on cost

Deferred tax

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

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2015

and 31 May 2016

100,250

DEPRECIATION

At 1 June 2015

50,125

Charge for year

25,063

At 31 May 2016

75,188

NET BOOK VALUE

At 31 May 2016

25,062

At 31 May 2015

50,125

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

100

Ordinary

£1

100

100