Peacock Engineering Limited - Abbreviated accounts 16.1

Peacock Engineering Limited - Abbreviated accounts 16.1

PEACOCK ENGINEERING LIMITED - Company Information

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REGISTERED NUMBER: 07058045 (England and Wales)












ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

FOR

PEACOCK ENGINEERING LIMITED

PEACOCK ENGINEERING LIMITED (REGISTERED NUMBER: 07058045)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016










Page

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2

PEACOCK ENGINEERING LIMITED (REGISTERED NUMBER: 07058045)

ABBREVIATED BALANCE SHEET
31 MARCH 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 64,697 75,960
Investments 3 1,203 1,203
65,900 77,163

CURRENT ASSETS
Debtors 954,925 1,296,170
Cash at bank and in hand 637,074 862,628
1,591,999 2,158,798
CREDITORS
Amounts falling due within one year 623,931 1,094,242
NET CURRENT ASSETS 968,068 1,064,556
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,033,968
1,141,719

PROVISIONS FOR LIABILITIES 12,939 21,670
NET ASSETS 1,021,029 1,120,049

CAPITAL AND RESERVES
Called up share capital 4 300 300
Profit and loss account 1,020,729 1,119,749
SHAREHOLDERS' FUNDS 1,021,029 1,120,049

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 18 October 2016 and were signed on its behalf by:





A J Cambridge - Director


The notes form part of these abbreviated accounts

1
PEACOCK ENGINEERING LIMITED (REGISTERED NUMBER: 07058045)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016


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 and services provided to clients, 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.

Imprvmts to leasehold property - Over the term of the lease
Computer Equipment - 33% on cost
Fixtures and fittings - 20% on cost
Integral Features - 20% 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the
balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling
at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Pension costs and other post-retirement benefits
Pension contributions are made to employees separately administered pension schemes. Contributions payable
are charged to the profit and loss account in the period to which they relate.

Revenue recognition
Revenue from turnover is recognised as contract activity progresses to reflect the full or partial performance of
the contractual obligations.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2015 103,901
Additions 9,819
At 31 March 2016 113,720
DEPRECIATION
At 1 April 2015 27,941
Charge for year 21,082
At 31 March 2016 49,023
NET BOOK VALUE
At 31 March 2016 64,697
At 31 March 2015 75,960

2 continued...
PEACOCK ENGINEERING LIMITED (REGISTERED NUMBER: 07058045)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 MARCH 2016


3. FIXED ASSET INVESTMENTS
Investments
other
than
loans
£   
COST
At 1 April 2015
and 31 March 2016 1,203
NET BOOK VALUE
At 31 March 2016 1,203
At 31 March 2015 1,203

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Peacock Engineering India PVT Ltd
Country of incorporation: India
Nature of business: Support and development services and solutions
%
Class of shares: holding
Ordinary 99.00
2016 2015
£    £   
Aggregate capital and reserves 37,326 22,804
Profit for the year 20,137 14,708

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
300 Ordinary £1 300 300

3