Peoples Systems Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: SC212870 (Scotland)

Abbreviated Unaudited Accounts for the Year Ended 30 November 2014

for

Peoples Systems Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

G Peoples

SECRETARY:

Mrs R Peoples

REGISTERED OFFICE:

c/o KJM Accountancy

69 Buchanan Street

Glasgow

G1 3HL

REGISTERED NUMBER:

SC212870 (Scotland)

ACCOUNTANTS:

KJM Accountancy

15 Collylinn Road

Glasgow

G61 4PN

FIXED ASSETS

Tangible assets

2

1

1

CURRENT ASSETS

Debtors

3,908

43,346

Cash at bank

40,044

30,204

43,952

73,550

CREDITORS

Amounts falling due within one year

21,942

24,218

NET CURRENT ASSETS

22,010

49,332

TOTAL ASSETS LESS CURRENT LIABILITIES

22,011

49,333

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

22,009

49,331

SHAREHOLDERS' FUNDS

22,011

49,333

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2014 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 of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 28 August 2015 and were signed by:

G Peoples - 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 April 2008).

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.

Plant and machinery etc

-

33% 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are

charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2013

and 30 November 2014

6,736

DEPRECIATION

At 1 December 2013

and 30 November 2014

6,735

NET BOOK VALUE

At 30 November 2014

1

At 30 November 2013

1

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.14

30.11.13

value:

£

£

2

Ordinary

£1

2

2