Pegpak Supplies Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 01712662 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 5 April 2015

for

Pegpak Supplies Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

J Peggs

SECRETARY:

G Peggs

REGISTERED OFFICE:

Unit 6

The Sidings Business Park

Skipton

West Yorkshire

BD23 1TB

REGISTERED NUMBER:

01712662 (England and Wales)

ACCOUNTANTS:

Frank W Dobby & Co Limited

Chartered Certified Accountants

55 Fountain Street

Morley

Leeds

West Yorkshire

LS27 0AA

FIXED ASSETS

Tangible assets

2

1,780

1,866

CURRENT ASSETS

Stocks

3,454

4,270

Debtors

3,921

7,530

Cash at bank and in hand

202

2,958

7,577

14,758

CREDITORS

Amounts falling due within one year

4,076

5,860

NET CURRENT ASSETS

3,501

8,898

TOTAL ASSETS LESS CURRENT LIABILITIES

5,281

10,764

CAPITAL AND RESERVES

Called up share capital

3

150

150

Profit and loss account

5,131

10,614

SHAREHOLDERS' FUNDS

5,281

10,764

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 25 November 2015 and were signed by:

J Peggs - 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.

Leasehold Property

-

2% on cost

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

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 6 April 2014

and 5 April 2015

8,413

DEPRECIATION

At 6 April 2014

6,547

Charge for year

86

At 5 April 2015

6,633

NET BOOK VALUE

At 5 April 2015

1,780

At 5 April 2014

1,866

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

5.4.15

5.4.14

value:

£

£

150

Ordinary

£1

150

150

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 5 April 2015 and 5 April 2014:

5.4.15

5.4.14

£

£

J Peggs

Balance outstanding at start of year

(1,110

)

(876

)

Amounts advanced

258

244

Amounts repaid

(497

)

(478

)

Balance outstanding at end of year

(1,349

)

(1,110

)