P.A.G.E. Group (Peterborough) Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 03215245 (England and Wales)

P.A.G.E. GROUP (PETERBOROUGH) LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

R Ricorda

Mrs J Ricorda

SECRETARY:

Mrs J Ricorda

REGISTERED OFFICE:

Commerce House

18 West Street

Bourne

Lincolnshire

PE10 9NE

REGISTERED NUMBER:

03215245 (England and Wales)

ACCOUNTANTS:

Dexter & Sharpe

Chartered Certified Accountants

Commerce House

18 West Street

Bourne

Lincolnshire

PE10 9NE

FIXED ASSETS

Tangible assets

2

107,565

111,868

Investments

3

10

10

107,575

111,878

CURRENT ASSETS

Stocks

240,796

344,961

Debtors

721,848

594,764

Cash at bank and in hand

24,404

35,463

987,048

975,188

CREDITORS

Amounts falling due within one year

4

671,252

667,138

NET CURRENT ASSETS

315,796

308,050

TOTAL ASSETS LESS CURRENT LIABILITIES

423,371

419,928

CREDITORS

Amounts falling due after more than one year

4

-

(990

)

PROVISIONS FOR LIABILITIES

(11,575

)

(8,434

)

NET ASSETS

411,796

410,504

CAPITAL AND RESERVES

Called up share capital

5

2

2

Profit and loss account

411,794

410,502

SHAREHOLDERS' FUNDS

411,796

410,504

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 19 April 2016 and were signed on its behalf by:

R Ricorda - 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 January 2015).

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property

-

10% on cost

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2014

294,309

Additions

21,668

Disposals

(19,719

)

At 31 July 2015

296,258

DEPRECIATION

At 1 August 2014

182,441

Charge for year

24,816

Eliminated on disposal

(18,564

)

At 31 July 2015

188,693

NET BOOK VALUE

At 31 July 2015

107,565

At 31 July 2014

111,868

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 August 2014

and 31 July 2015

10

NET BOOK VALUE

At 31 July 2015

10

At 31 July 2014

10

The company's investments at the Balance Sheet date in the share capital of companies include the following:

PAGE Architectural Systems Ltd

Nature of business: Dormant

%

Class of shares:

holding

Ordinary

100.00

2015

2014

£

£

Aggregate capital and reserves

5

5

PAGE Enterprises Ltd

Nature of business: Property rental

%

Class of shares:

holding

Ordinary

100.00

2015

2014

£

£

Aggregate capital and reserves

257,981

238,008

Profit for the year

19,973

34,158

4.

CREDITORS

Creditors include an amount of £ 990 (2014 - £ 9,358 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

2

Ordinary

£1

2

2