Peter Wheeler Limited - Filleted accounts

Peter Wheeler Limited - Filleted accounts

PETER WHEELER LIMITED - Company Information

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Registered number
09051503
Peter Wheeler Limited
Filleted Accounts
31 May 2021
Peter Wheeler Limited
Registered number: 09051503
Balance Sheet
as at 31 May 2021
Notes 2021 2020
£ £
Current assets
Cash at bank and in hand 6,866 11,390
Creditors: amounts falling due within one year 3 (6,052) (7,827)
Net current assets 814 3,563
Net assets 814 3,563
Capital and reserves
Called up share capital 100 100
Profit and loss account 714 3,463
Shareholder's funds 814 3,563
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
P Wheeler
Director
Approved by the board on 28 January 2022
Peter Wheeler Limited
Notes to the Accounts
for the year ended 31 May 2021
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover comprises revenue earned from the rendering of services.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments.
2 Employees 2021 2020
Number Number
Average number of persons employed by the company 1 1
3 Creditors: amounts falling due within one year 2021 2020
£ £
Taxation and social security costs 847 1,492
Accruals 5,000 5,000
Other creditors 205 1,335
6,052 7,827
4 Controlling party
The company is controlled by its director.
5 Other information
Peter Wheeler Limited is a private company limited by shares and incorporated in England. Its registered office is:
60 Verulam Road
St Albans
AL3 4DH
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