Peel Construction (Yorkshire) Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 07257343 (England and Wales)

PEEL CONSTRUCTION (YORKSHIRE) LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED

31 MARCH 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

J Peel

Mrs M Peel

SECRETARY:

None Appointed

REGISTERED OFFICE:

Scotgate House

2 Scotgate Road

Honley

Holmfirth

West Yorkshire

HD9 6GD

REGISTERED NUMBER:

07257343 (England and Wales)

ACCOUNTANTS:

STEAD ROBINSON

Chartered Accountants

Scotgate House

2 Scotgate Road

Honley

Holmfirth

HD9 6GD

FIXED ASSETS

Tangible assets

2

10,755

21,676

CURRENT ASSETS

Stocks

160,000

-

Debtors

5,632

33,453

Cash at bank

4,822

15,933

170,454

49,386

CREDITORS

Amounts falling due within one year

171,469

40,085

NET CURRENT (LIABILITIES)/ASSETS

(1,015

)

9,301

TOTAL ASSETS LESS CURRENT
LIABILITIES

9,740

30,977

CREDITORS

Amounts falling due after more than one
year

9,414

13,956

NET ASSETS

326

17,021

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

324

17,019

SHAREHOLDERS' FUNDS

326

17,021

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 21 December 2016 and were signed on its behalf
by:

Mrs M Peel - 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 cost and 20% on cost

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

48,386

Additions

291

At 31 March 2016

48,677

DEPRECIATION

At 1 April 2015

26,710

Charge for year

11,212

At 31 March 2016

37,922

NET BOOK VALUE

At 31 March 2016

10,755

At 31 March 2015

21,676

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

2

Ordinary

£1

2