Peter J.Perkins & Co.Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 00617295 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 December 2015

for

Peter J.Perkins & Co.Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

R J Perkins

N.J.N. Perkins

SECRETARY:

R J Perkins

REGISTERED OFFICE:

Hendre Farm

Fishguard Road

NEWPORT

Pembrokeshire

SA42 0UF

REGISTERED NUMBER:

00617295 (England and Wales)

FIXED ASSETS

Tangible assets

2

191,973

221,766

Investments

3

28,980

220,953

250,746

CURRENT ASSETS

Stocks

367,447

289,940

Debtors

52,205

8,264

419,652

298,204

CREDITORS

Amounts falling due within one year

188,370

108,865

NET CURRENT ASSETS

231,282

189,339

TOTAL ASSETS LESS CURRENT
LIABILITIES

452,235

440,085

CREDITORS

Amounts falling due after more than one
year

(8,576

)

(20,090

)

PROVISIONS FOR LIABILITIES

(14,800

)

-

NET ASSETS

428,859

419,995

CAPITAL AND RESERVES

Called up share capital

4

593,000

Share premium

20,317

Profit and loss account

(184,458

)

(193,322

)

SHAREHOLDERS' FUNDS

428,859

419,995

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 8 September 2016 and were signed on its behalf
by:

R J Perkins - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The accounts have been prepared on a going concern basis.

The directors continue to offer their support to the company. The directors are of the opinion that the going

concern basis of accounting is appropriate.

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.

Improvements to property

-

10% on revalued amount

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

Straight line over 3 years

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

564,270

Additions

6,417

Disposals

(30,900

)

At 31 December 2015

539,787

DEPRECIATION

At 1 January 2015

342,504

Charge for year

34,930

Eliminated on disposal

(29,620

)

At 31 December 2015

347,814

NET BOOK VALUE

At 31 December 2015

191,973

At 31 December 2014

221,766

3.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

31.12.15

31.12.14

£

Sheep Quota

28,470

Pembrokeshire Vegetable Growers Association

260

Farmers First

250

28,980

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.15

31.12.14

value:

£

39,000

Preference

£1

39,000

24,000

Ordinary

£1

24,000

530,000

Deferred Ordinary

£1

530,000

593,000

The deferred ordinary shares do not carry any voting rights or rights to dividends.

5.

CONTROL

The company is under the control of the Directors by virtue of their 100% shareholding.