Pedersen Fishing Co Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 07879133 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 December 2015

for

Pedersen Fishing Co Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Accountants' Report

6

DIRECTORS:

P Pedersen

Mrs D Pedersen

REGISTERED OFFICE:

Faraday House

Wolfreton Drive

Anlaby

East Yorkshire

HU10 7BY

REGISTERED NUMBER:

07879133 (England and Wales)

ACCOUNTANTS:

Marshall & Co

Chartered Accountants

& Chartered Tax Advisers

Faraday House

Wolfreton Drive

Anlaby

Kingston upon Hull

East Yorkshire

HU10 7BY

FIXED ASSETS

Tangible assets

2

-

-

Investments

3

20

20

20

20

CURRENT ASSETS

Debtors

10,885

18,211

Cash at bank

10

1,895

10,895

20,106

CREDITORS

Amounts falling due within one year

10,577

11,642

NET CURRENT ASSETS

318

8,464

TOTAL ASSETS LESS CURRENT LIABILITIES

338

8,484

CREDITORS

Amounts falling due after more than one year

-

7,620

NET ASSETS

338

864

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

238

764

SHAREHOLDERS' FUNDS

338

864

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 7 June 2016 and were signed on its behalf by:

P Pedersen - 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 etc

-

33% on cost

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.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

and 31 December 2015

350

DEPRECIATION

At 1 January 2015

and 31 December 2015

350

NET BOOK VALUE

At 31 December 2015

-

At 31 December 2014

-

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 January 2015

and 31 December 2015

20

NET BOOK VALUE

At 31 December 2015

20

At 31 December 2014

20

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

100

Ordinary

£1

100

100

The following reproduces the text of the report prepared for the directors 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.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Pedersen Fishing Co Limited for the year ended 31 December 2015 which comprise the Profit and

Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Pedersen Fishing Co Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Pedersen Fishing Co Limited and state those matters that we have agreed to state to the Board of Directors of Pedersen Fishing Co Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Pedersen Fishing Co Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Pedersen Fishing Co Limited. You consider that Pedersen Fishing Co Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Pedersen Fishing Co Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Marshall & Co

Chartered Accountants

& Chartered Tax Advisers

Faraday House

Wolfreton Drive

Anlaby

Kingston upon Hull

East Yorkshire

HU10 7BY

8 June 2016