Carol Peace Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 05762058 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2016

for

Carol Peace Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mrs C Peace

SECRETARY:

G Woodruff

REGISTERED OFFICE:

Unit 5.2

Paintworks

Bath Road

Bristol

BS4 3EH

REGISTERED NUMBER:

05762058 (England and Wales)

ACCOUNTANTS:

Create Accountancy Solutions Limited

The Quorum

2nd Floor

Bond St South

Bristol

BS1 3AE

FIXED ASSETS

Tangible assets

2

7,916

8,538

CURRENT ASSETS

Stocks

57,480

66,118

Debtors

21,795

21,766

Cash at bank and in hand

4,912

5,226

84,187

93,110

CREDITORS

Amounts falling due within one year

29,390

79,207

NET CURRENT ASSETS

54,797

13,903

TOTAL ASSETS LESS CURRENT
LIABILITIES

62,713

22,441

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

62,613

22,341

SHAREHOLDERS' FUNDS

62,713

22,441

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 director acknowledges her 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 8 December 2016 and were signed by:

Mrs C Peace - 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.

Plant and machinery etc

-

25% on reducing balance

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 April 2015

and 31 March 2016

36,664

DEPRECIATION

At 1 April 2015

28,126

Charge for year

622

At 31 March 2016

28,748

NET BOOK VALUE

At 31 March 2016

7,916

At 31 March 2015

8,538

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

100

Ordinary

1

100