Perfect U Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 06694029 (England and Wales)

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2015

FOR

PERFECT U LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Report of the Accountants

6

DIRECTOR:

M T Wilson

REGISTERED OFFICE:

27 St. Cuthberts Street

Bedford

Bedfordshire

MK40 3JG

REGISTERED NUMBER:

06694029 (England and Wales)

ACCOUNTANTS:

Novakovic & Co

27 St. Cuthberts Street

Bedford

Bedfordshire

MK40 3JG

FIXED ASSETS

Intangible assets

2

70,000

Tangible assets

3

29,428

99,428

CURRENT ASSETS

Stocks

-

880

Cash at bank and in hand

544

399

544

1,279

CREDITORS

Amounts falling due within one year

83,849

84,083

NET CURRENT LIABILITIES

(83,305

)

(82,804

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

16,123

16,624

CREDITORS

Amounts falling due after more than one
year

3,000

5,537

NET ASSETS

13,123

11,087

CAPITAL AND RESERVES

Called up share capital

4

2

Profit and loss account

13,121

11,085

SHAREHOLDERS' FUNDS

13,123

11,087

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 30 June 2016 and were signed by:

M T Wilson - 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.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% 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.

Hire purchase and leasing commitments

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.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2014

and 30 September 2015

70,000

NET BOOK VALUE

At 30 September 2015

70,000

At 30 September 2014

70,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2014

and 30 September 2015

77,712

DEPRECIATION

At 1 October 2014

and 30 September 2015

48,284

NET BOOK VALUE

At 30 September 2015

29,428

At 30 September 2014

29,428

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

2

Ordinary

1

2

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five)

have been prepared.

As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 30 September 2015 set out on pages nil to nil and you consider that the company is exempt from an audit.

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.

Novakovic & Co

27 St. Cuthberts Street

Bedford

Bedfordshire

MK40 3JG

Date: .............................................