Peter Mathias Associates Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 03240854 (England and Wales)

Abbreviated Accounts for the Year Ended 31st August 2015

for

Peter Mathias Associates Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mr P Mathias

REGISTERED OFFICE:

36 Alexandra Court

The Esplanade

Penarth

South Glamorgan

CF64 3LA

REGISTERED NUMBER:

03240854 (England and Wales)

FIXED ASSETS

Tangible assets

2

87,042

87,116

CURRENT ASSETS

Debtors

17,521

18,128

Cash at bank

-

186

17,521

18,314

CREDITORS

Amounts falling due within one year

3

48,774

50,626

NET CURRENT LIABILITIES

(31,253

)

(32,312

)

TOTAL ASSETS LESS CURRENT LIABILITIES

55,789

54,804

CREDITORS

Amounts falling due after more than one year

3

52,488

49,120

NET ASSETS

3,301

5,684

CAPITAL AND RESERVES

Called up share capital

4

1

1

Profit and loss account

3,300

5,683

SHAREHOLDERS' FUNDS

3,301

5,684

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 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 29th April 2016 and were signed by:

Mr P Mathias - 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 amounts receivable for goods and services provided in the normal course of

business, net of trade discounts, VAT (due under the flat rate scheme) and other sales related taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

not provided

Plant and machinery etc

-

20% 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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st September 2014

and 31st August 2015

90,651

DEPRECIATION

At 1st September 2014

3,535

Charge for year

74

At 31st August 2015

3,609

NET BOOK VALUE

At 31st August 2015

87,042

At 31st August 2014

87,116

3.

CREDITORS

Creditors include an amount of £ 62,297 (2014 - £ 65,008 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

1

Ordinary

£1

1

1

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st August 2015

and 31st August 2014:

2015

2014

£

£

Mr P Mathias

Balance outstanding at start of year

14,141

10,912

Amounts advanced

12,028

29,080

Amounts repaid

(16,842

)

(25,851

)

Balance outstanding at end of year

9,327

14,141