Abbreviated Company Accounts - PEEL AWAY LIMITED

Registered Number 01709896

PEEL AWAY LIMITED

Abbreviated Accounts

31 March 2015

PEEL AWAY LIMITED Registered Number 01709896

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	247	329
		247	329
Current assets
Stocks		22,293	3,292
Debtors		10,209	9,731
Cash at bank and in hand		24,392	34,868
		56,894	47,891
Creditors: amounts falling due within one year		(31,339)	(31,702)
Net current assets (liabilities)		25,555	16,189
Total assets less current liabilities		25,802	16,518
Total net assets (liabilities)		25,802	16,518
Capital and reserves
Called up share capital		100	100
Profit and loss account		25,702	16,418
Shareholders' funds		25,802	16,518

For the year ending 31 March 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 30 December 2015

And signed on their behalf by:
S Dormon, Director

PEEL AWAY LIMITED Registered Number 01709896

Notes to the Abbreviated Accounts for the period ended 31 March 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Equipment - 20% Straight Line

Valuation information and policy
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

2Tangible fixed assets

	£
Cost
At 1 April 2014	3,736
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2015	3,736
Depreciation
At 1 April 2014	3,407
Charge for the year	82
On disposals	-
At 31 March 2015	3,489
Net book values
At 31 March 2015	247
At 31 March 2014	329