Peregrine Mears Architects Ltd - Abbreviated accounts 16.1

Peregrine Mears Architects Ltd - Abbreviated accounts 16.1

PEREGRINE MEARS ARCHITECTS LTD - Company Information

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REGISTERED NUMBER: 08791183 (England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

FOR

PEREGRINE MEARS ARCHITECTS LTD

PEREGRINE MEARS ARCHITECTS LTD (REGISTERED NUMBER: 08791183)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

PEREGRINE MEARS ARCHITECTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2015







DIRECTOR: P J Mears





REGISTERED OFFICE: The Custom House
The Strand
Barnstaple
Devon
EX31 1EU





REGISTERED NUMBER: 08791183 (England and Wales)





ACCOUNTANTS: Perrins Limited
Chartered Accountants
The Custom House
The Strand
Barnstaple
Devon
EX31 1EU
Page 1
PEREGRINE MEARS ARCHITECTS LTD (REGISTERED NUMBER: 08791183)

ABBREVIATED BALANCE SHEET
31 DECEMBER 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 78,028 89,014
Tangible assets 3 9,131 3,058
87,159 92,072

CURRENT ASSETS
Debtors 31,457 33,837
Cash at bank 13,305 83,171
44,762 117,008
CREDITORS
Amounts falling due within one year 38,299 128,263
NET CURRENT ASSETS/(LIABILITIES) 6,463 (11,255 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
93,622
80,817

CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit and loss account 93,522 80,717
SHAREHOLDERS' FUNDS 93,622 80,817

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 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 and authorised for issue by the director on 23 September 2016 and were signed
by:




P J Mears - Director


The notes form part of these abbreviated accounts

Page 2
PEREGRINE MEARS ARCHITECTS LTD (REGISTERED NUMBER: 08791183)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015

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 services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of ten years.

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

Equipment, fixtures & fittings - 15% on reducing balance
Computer equipment - 33% on cost

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 January 2015
and 31 December 2015 100,000
AMORTISATION
At 1 January 2015 10,986
Amortisation for year 10,986
At 31 December 2015 21,972
NET BOOK VALUE

At 31 December 2015 78,028
At 31 December 2014 89,014

Page 3 continued...
PEREGRINE MEARS ARCHITECTS LTD (REGISTERED NUMBER: 08791183)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2015

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 January 2015 4,021
Additions 8,350
At 31 December 2015 12,371
DEPRECIATION
At 1 January 2015 963
Charge for year 2,277
At 31 December 2015 3,240
NET BOOK VALUE
At 31 December 2015 9,131
At 31 December 2014 3,058

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
100 Ordinary £1 100 100

5. GOING CONCERN

The company is dependant on the continued support of the director.

It is the intention of the director that the company will continue in its trading activities for a period of at least
twelve months from the date of approval of these financial statements.

The director, being sufficiently knowledgeable, considers that the company will be commercially able to
continue trading in the current economic climate.

Page 4