Peter W. Scott Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 05508128

Peter W. Scott Limited

Abbreviated Unaudited Accounts

for the Year Ended 31 July 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mr P W Scott

Mrs M B Scott

SECRETARY:

Mrs M B Scott

REGISTERED OFFICE:

Kinloss

Port Navas

Constantine

Falmouth

Cornwall

TR11 5RL

REGISTERED NUMBER:

05508128

ACCOUNTANTS:

Hodgsons

Chartered Accountants

48 Arwenack Street

Falmouth

Cornwall

TR11 3JH

FIXED ASSETS

Tangible assets

2

76,756

79,425

CURRENT ASSETS

Debtors

1,361

221

Cash at bank

8,365

26,948

9,726

27,169

CREDITORS

Amounts falling due within one year

2,300

6,299

NET CURRENT ASSETS

7,426

20,870

TOTAL ASSETS LESS CURRENT LIABILITIES

84,182

100,295

PROVISIONS FOR LIABILITIES

624

849

NET ASSETS

83,558

99,446

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

83,556

99,444

SHAREHOLDERS' FUNDS

83,558

99,446

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2016 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 22 September 2016 and were signed on its behalf by:

Mr P W Scott - 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 invoiced sales of services adjusted for contracts in progress. The company has taken into account the

stage of completeness of the contracts and reflected the contractual obligations that existed at the balance sheet date. The

figures are exclusive of VAT as the company is not VAT registered.

Tangible fixed assets

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

Freehold property

-

2% on cost

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on cost

Computer equipment

-

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2015

88,154

Disposals

(280

)

At 31 July 2016

87,874

DEPRECIATION

At 1 August 2015

8,729

Charge for year

2,669

Eliminated on disposal

(280

)

At 31 July 2016

11,118

NET BOOK VALUE

At 31 July 2016

76,756

At 31 July 2015

79,425

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

2

Ordinary

£1

2