Abbreviated Company Accounts - PETER MOODY & COMPANY LIMITED

PETER MOODY & COMPANY LIMITED - Company Information

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Registered Number 08331747

PETER MOODY & COMPANY LIMITED

Abbreviated Accounts

31 December 2015

PETER MOODY & COMPANY LIMITED Registered Number 08331747

Abbreviated Balance Sheet as at 31 December 2015

	Notes	2015	2014
		£	£
Fixed assets
Intangible assets	2	-	1,880
Tangible assets	3	22,016	2,897
		22,016	4,777
Current assets
Debtors		13,655	42,733
Cash at bank and in hand		4,629	3,871
		18,284	46,604
Creditors: amounts falling due within one year	4	(34,817)	(21,049)
Net current assets (liabilities)		(16,533)	25,555
Total assets less current liabilities		5,483	30,332
Creditors: amounts falling due after more than one year	4	(23,760)	-
Total net assets (liabilities)		(18,277)	30,332
Capital and reserves
Called up share capital	5	1	1
Profit and loss account		(18,278)	30,331
Shareholders' funds		(18,277)	30,332

For the year ending 31 December 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 28 September 2016

And signed on their behalf by:
P A J Moody, Director

PETER MOODY & COMPANY LIMITED Registered Number 08331747

Notes to the Abbreviated Accounts for the period ended 31 December 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective January 2015.

The company has cash resources and continues to trade profitably. Additional funds were introduced after the year end and so the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. He continues to believe the going concern basis of accounting appropriate in preparing the annual financial statements.

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

Turnover policy
Turnover represents amounts receivable for services net of VAT.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery - straight line over three years; and
Motor vehicles - straight line over three years.

Intangible assets amortisation policy
Website costs are amortised over 3 years.

2Intangible fixed assets

	£
Cost
At 1 January 2015	5,642
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2015	5,642
Amortisation
At 1 January 2015	3,762
Charge for the year	1,880
On disposals	-
At 31 December 2015	5,642
Net book values
At 31 December 2015	0
At 31 December 2014	1,880

3Tangible fixed assets

	£
Cost
At 1 January 2015	7,533
Additions	32,445
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2015	39,978
Depreciation
At 1 January 2015	4,636
Charge for the year	13,326
On disposals	-
At 31 December 2015	17,962
Net book values
At 31 December 2015	22,016
At 31 December 2014	2,897

4Creditors

	2015 £	2014 £
Secured Debts	28,661	-

5Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
1 Ordinary shares of £1 each	1	1

6Transactions with directors

Name of director receiving advance or credit:	P A J Moody
Description of the transaction:	Loan to director
Balance at 1 January 2015:	£ 35,254
Advances or credits made:	£ 58,661
Advances or credits repaid:	£ 81,233
Balance at 31 December 2015:	£ 12,682