Perry Penn Limited,Ltd - Accounts

Perry Penn Limited,Ltd - Accounts

PERRY PENN LIMITED - Company Information

Print Friendly Version

2013-01-01 true false Private Limited Company 06033951 2013-12-31 06033951 2013-01-01 2013-12-31 06033951 2012-12-31 06033951 2012-01-01 2012-12-31 06033951 uk-bus:Director1 2013-01-01 2013-12-31 06033951 uk-gaap:PlantMachinery 2013-01-01 2013-12-31 06033951 uk-bus:OrdinaryShareClass1 2013-12-31 iso4217:GBP
Perry Penn Limited
For the year ended 31 December 2013
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 06033951
2
Contents Page
Perry Penn Limited
For the year ended 31 December 2013
1
Accountants' Report
2
Balance Sheet
3 to 4
Notes to the Abbreviated Financial Statements
3
Perry Penn Limited
Accountants' Report
For the year ended 31 December 2013
As described on the balance sheet you are responsible for the preparation of the financial statements for the year
ended 31 December 2013 and you consider that the company is exempt from an audit under the Companies Act
2006.
In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you
to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.
Vernon Barrow Ltd
Wessex House
66 High Street
Honiton
Devon
EX14 1PD
1 of 4
4
Abbreviated Balance Sheet
Perry Penn Limited
As at 31 December 2013
06033951
Registered Number :
£
£
2013
Notes
2012
Fixed assets
Tangible assets
2
-
1,315
-
1,315
Current assets
Debtors
3
809,063
650
Cash at bank and in hand
2
11,513
652
820,576
Creditors: amounts falling due within one year
(22,240)
(696)
798,336
(44)
Net current liabilities
Total assets less current liabilities
(44)
799,651
Creditors: amounts falling due after more than one year
4
(716,855)
(6,778)
(6,822)
Net assets/liabilities
82,796
Capital and reserves
Called up share capital
1
5
1
Profit and loss account
(6,823)
82,795
(6,822)
82,796
Shareholders funds
For the year ended 31 December 2013 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476,
2) The director acknowledges his 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.
Date approved by the board: 11 April 2014
Mr AP Harwood Director
Signed on behalf of the board of directors
2 of 4
5
Notes to the Abbreviated Financial Statements
Perry Penn Limited
For the year ended 31 December 2013
1 Accounting Policies
Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Going Concern
The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the director who has undertaken to provide such support for the foreseeable future. If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.
Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.
Foreign currency
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange
ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the
transaction. All foreign exchange differences are included to the profit and loss account.
Deferred taxation
Deferred taxation arises when items are charged or credited in accounts in different periods to those in which they are included in the company's tax computations.Deferred tax is provided in full on timing differences that result in an obligation to pay more (or less) tax at a future date. Deferred tax is calculated at the average rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. The resulting deferred tax asset or liability is not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
25% Reducing balance
3 of 4
6
Notes to the Abbreviated Financial Statements
Perry Penn Limited
For the year ended 31 December 2013
2 Tangible fixed assets
Tangible fixed
assets
Cost or valuation
£
4,363
At 01 January 2013
(4,363)
Disposals
At 31 December 2013
-
Depreciation
3,048
At 01 January 2013
(3,048)
Disposals
-
At 31 December 2013
Net book values
At 31 December 2013
-
1,315
At 31 December 2012
Debtors include an amount of £0 (2012: £801479) falling due after more than one year
3 Debtors:
4 Creditors due after more than one year
As at the 31st December 2013 £6,538 (2012: £467,633) was owed to AP Harwood.
5 Share capital
Allotted called up and fully paid
2013
2012
£
£
1 Ordinary shares of £1.00 each
1
1
1
1
4 of 4