Peter Farrett Associates Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 05575792 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2015

for

Peter Farrett Associates Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

P Farrett

SECRETARY:

B Farrett

REGISTERED OFFICE:

Ascentia House

Lyndhurst Road

South Ascot

Berkshire

SL5 9ED

REGISTERED NUMBER:

05575792 (England and Wales)

ACCOUNTANTS:

Mehta & Company

Chartered Certified Accountants

Ascentia House

Lyndhurst Road

South Ascot

Berkshire

SL5 9ED

FIXED ASSETS

Tangible assets

2

5,305

6,971

CURRENT ASSETS

Debtors

53,400

9,000

Cash at bank

110,177

189,266

163,577

198,266

CREDITORS

Amounts falling due within one year

23,069

46,565

NET CURRENT ASSETS

140,508

151,701

TOTAL ASSETS LESS CURRENT LIABILITIES

145,813

158,672

PROVISIONS FOR LIABILITIES

1,455

1,394

NET ASSETS

144,358

157,278

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

144,258

157,178

SHAREHOLDERS' FUNDS

144,358

157,278

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 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 18 October 2015 and were signed by:

P Farrett - 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 services, 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

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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 April 2014

14,429

Additions

2,728

Disposals

(7,783

)

At 31 March 2015

9,374

DEPRECIATION

At 1 April 2014

7,458

Charge for year

1,768

Eliminated on disposal

(5,157

)

At 31 March 2015

4,069

NET BOOK VALUE

At 31 March 2015

5,305

At 31 March 2014

6,971

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.15

31.3.14

value:

£

£

100

Ordinary

£1

100

100

4.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is P Farrett.