Peter Kelly (GB) Limited - Limited company - abbreviated - 11.6

Peter Kelly (GB) Limited - Limited company - abbreviated - 11.6


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PETER KELLY (GB) LIMITED

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2014






PETER KELLY (GB) LIMITED (REGISTERED NUMBER: 03206343)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2014




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

PETER KELLY (GB) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2014







DIRECTORS: Mr P Kelly
Mrs D Kelly
Mr L Kelly
Miss J Kelly





SECRETARY:





REGISTERED OFFICE: 62/63 Westborough
Scarborough
North Yorkshire
YO11 1TS





REGISTERED NUMBER: 03206343 (England and Wales)





ACCOUNTANTS: Winn & Co
Chartered Accountants
62/63 Westborough
Scarborough
North Yorkshire
YO11 1TS

PETER KELLY (GB) LIMITED (REGISTERED NUMBER: 03206343)

ABBREVIATED BALANCE SHEET
31 DECEMBER 2014

2014 2013
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 5,736 6,374

CURRENT ASSETS
Stocks 619,270 538,101
Cash at bank 288,765 451,173
908,035 989,274
CREDITORS
Amounts falling due within one year 686,595 857,743
NET CURRENT ASSETS 221,440 131,531
TOTAL ASSETS LESS CURRENT
LIABILITIES

227,176

137,905

CAPITAL AND RESERVES
Called up share capital 3 101 101
Profit and loss account 227,075 137,804
SHAREHOLDERS' FUNDS 227,176 137,905

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 1 July 2015 and were signed on its behalf by:





Mrs D Kelly - Director


PETER KELLY (GB) LIMITED (REGISTERED NUMBER: 03206343)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2014

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The principal accounting policies adopted in the preparation of the financial statements are set out below.

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 April 2008).

The effect of events relating to the period ended 31 December 2014, which occurred before the date of approval
of the financial statements by the Board of Directors, have been included to the extent required to show a true
and fair view of the state of affairs of the company at 31 December 2014 and of its results for the period ended
on that date.

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

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


Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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 January 2014
and 31 December 2014 9,250
DEPRECIATION
At 1 January 2014 2,876
Charge for year 638
At 31 December 2014 3,514
NET BOOK VALUE
At 31 December 2014 5,736
At 31 December 2013 6,374

PETER KELLY (GB) LIMITED (REGISTERED NUMBER: 03206343)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2014

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2014 2013
value: £    £   
100 Ordinary £1 100 100
1 Ordinary B shares £1 1 1
101 101

4. RELATED PARTY DISCLOSURES

At the year end the company owed its director £627,321.

5. CONTROLLING PARTY

The company is under the control of Mrs D Kelly who own 80% of the share capital.