Peoples Market Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 09234270 (England and Wales)

Peoples Market Ltd

Abbreviated Unaudited Accounts

for the Year Ended 30 September 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

B D Green

Mrs J Green

Mrs C L Burroughs

SECRETARY:

REGISTERED OFFICE:

10 Victoria Road South

Southsea

Hampshire

PO5 2DA

REGISTERED NUMBER:

09234270 (England and Wales)

ACCOUNTANTS:

Barter Durgan

Chartered Accountants

10 Victoria Road South

Southsea

Hampshire

PO5 2DA

FIXED ASSETS

Tangible assets

2

12,500

CURRENT ASSETS

Stocks

9,500

Cash at bank

3,150

1,902

12,650

11,402

CREDITORS

Amounts falling due within one year

24,953

24,633

NET CURRENT LIABILITIES

(12,303

)

(13,231

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

197

(731

)

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

97

(831

)

SHAREHOLDERS' FUNDS

197

(731

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 24 November 2016 and were signed on its behalf by:

B D Green - 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.

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 1 October 2015

and 30 September 2016

12,500

NET BOOK VALUE

At 30 September 2016

12,500

At 30 September 2015

12,500

3.	CALLED UP SHARE CAPITAL