Liz Peace Ltd


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Registered number: 9198950
Liz Peace Ltd
Abbreviated accounts
For The Year Ended 30 September 2016
Applewood LLP

Abbreviated Balance Sheet
30 September 2016 Period to 30 September 2015
Notes £ £ £ £
CURRENT ASSETS
Debtors 2,500 3,600
Cash at bank and in hand 19,663 18,546
22,163 22,146
Creditors: Amounts Falling Due Within One Year 2 (5,180 ) (7,405 )
NET CURRENT ASSETS (LIABILITIES) 16,983 14,741
TOTAL ASSETS LESS CURRENT LIABILITIES 16,983 14,741
NET ASSETS 16,983 14,741
CAPITAL AND RESERVES
Called up share capital 3 100 100
Profit and Loss Account 16,883 14,641
SHAREHOLDERS' FUNDS 16,983 14,741
For the year ending 30 September 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
  • 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 abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2015).
On behalf of the board
Mrs Elizabeth Peace
Mr Nigel Peace
05/10/2016
Notes to the Abbreviated Accounts
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2. Creditors: Amounts Falling Due Within One Year
30 September 2016 Period to 30 September 2015
£ £
Trade creditors 2,231 381
Corporation tax 688 3,781
VAT 420 1,685
Accruals and deferred income 1,350 1,350
Directors' loan accounts 491 208
5,180 7,405
3. Share Capital
Value Number 30 September 2016 Period to 30 September 2015
Allotted, called up and fully paid £ £ £
Ordinary shares 1.000 100 100 100
4. Ultimate Controlling Party
The company's ultimate controlling parties are the directors by virtue of their ownership of 100% of the issued share capital in the company.
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