P_D_REES_LIMITED - Accounts

P D REES LIMITED - Company Information

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Company Registration No. 04671842 (England and Wales)

P D REES LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2016

P D REES LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

P D REES LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

2015

Notes

Fixed assets

Intangible assets

21,000

24,000

Tangible assets

11,188

14,640

32,188

38,640

Current assets

Stocks

24,824

23,642

Debtors

5,308

4,495

Cash at bank and in hand

1,965

32,097

28,223

Creditors: amounts falling due within one year

(62,119)

(63,577)

Net current liabilities

(30,022)

(35,354)

Total assets less current liabilities

2,166

3,286

Provisions for liabilities

(2,237)

(2,928)

(71)

358

Capital and reserves

Called up share capital

100

Profit and loss account

(171)

258

Shareholders' funds

(71)

358

P D REES LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 MARCH 2016

- 2 -

For the financial year ended 31 March 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 of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 20 December 2016

Mr P Rees

Director

Company Registration No. 04671842

P D REES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

- 3 -

Accounting policies

1.1

Accounting convention

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

Compliance with accounting standards

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).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

1.5

Tangible fixed assets and depreciation

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:

Fixtures, fittings & equipment

25% reducing balance

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 April 2015

60,000

84,543

144,543

Additions

275

At 31 March 2016

60,000

84,818

144,818

Depreciation

At 1 April 2015

36,000

69,901

105,901

Charge for the year

3,000

3,729

6,729

At 31 March 2016

39,000

73,630

112,630

Net book value

At 31 March 2016

21,000

11,188

32,188

At 31 March 2015

24,000

14,640

38,640

P D REES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2016

- 4 -

Share capital

2016

2015

Allotted, called up and fully paid

100 Ordinary Shares of £1 each

100

Control

The ultimate controlling parties are the directors, Mr P Rees and Mrs S Rees, by virtue of their shareholding.

Related party relationships and transactions

Other transactions

Included in other creditors is an amount of £3,592 (2015: £5,010), representing amounts due to the director, Mr P Rees and £3,592 (2015: £5,010) representing amounts due to the director Mrs S Rees at the year end. These amounts are interest free and repayable on demand.