Peter Davidson Consultancy Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 07130343 (England and Wales)

PETER DAVIDSON

CONSULTANCY LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31ST DECEMBER 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

P Davidson

SECRETARY:

Indigo Secretaries Limited

REGISTERED OFFICE:

3 Kensworth Gate

200 - 204 High Street South

Dunstable

Bedfordshire

LU6 3HS

REGISTERED NUMBER:

07130343 (England and Wales)

ACCOUNTANTS:

Higginson & Co (UK) Ltd

3 Kensworth Gate

200 - 204 High Street South

Dunstable

Bedfordshire

LU6 3HS

FIXED ASSETS

Tangible assets

2

14,422

-

CURRENT ASSETS

Stocks

1,000

1,000

Debtors

3

648,181

21,470

Cash at bank

27,354

272,754

676,535

295,224

CREDITORS

Amounts falling due within one year

151,020

92,398

NET CURRENT ASSETS

525,515

202,826

TOTAL ASSETS LESS CURRENT LIABILITIES

539,937

202,826

PROVISIONS FOR LIABILITIES

2,998

-

NET ASSETS

536,939

202,826

CAPITAL AND RESERVES

Called up share capital

4

50

50

Profit and loss account

536,889

202,776

SHAREHOLDERS' FUNDS

536,939

202,826

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 by the director on 27th July 2016 and were signed by:

P Davidson - 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.

Fixtures and fittings

-

25% on cost

Computer equipment

-

25% on cost

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st January 2015

1,111

Additions

20,752

At 31st December 2015

21,863

DEPRECIATION

At 1st January 2015

1,111

Charge for year

6,330

At 31st December 2015

7,441

NET BOOK VALUE

At 31st December 2015

14,422

At 31st December 2014

-

3.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

The aggregate total of debtors falling due after more than one year is £ 51,995

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

50

Ordinary A

£1

50

50

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st December 2015 and

31st December 2014:

2015

2014

£

£

P Davidson

Balance outstanding at start of year

(41,226

)

2,436

Amounts advanced

363,882

-

Amounts repaid

-

(43,662

)

Balance outstanding at end of year

322,656

(41,226

)

6.	RELATED PARTY DISCLOSURES

During the year, total dividends of £60,000 (2014 - £60,000) were paid to the director .

P Davidson

Director

The company has been under the control of Peter Davidson since incorporation. Mr Davidson is the managing

director and shareholder.

Transactions with related parties that require disclosure in accordance with Financial Reporting standard 8 are as

follows.

1. The directors loan account became overdrawn during the year. Interest has been charged on a daily basis at the

official rate.

2015

2014

£

£

Amount due from/(to) related party at the balance sheet date

322,656

(41,226

)