Petrie Inventory Limited - Period Ending 2016-09-30

Registration number: 09768800

Petrie Inventory Limited

Annual Report and Unaudited Financial Statements

for the Period from 9 September 2015 to 30 September 2016

 

Broadhead Accountants Limited

Petrie Inventory Limited
Contents

Company Information 1

Directors' Report 2

Accountants' Report 3

Profit and Loss Account 4

Balance Sheet 5

Notes to the Financial Statements 6 to 7

Petrie Inventory Limited
Company Information

Directors

Mr Zadrian Smith Brillant Nyansago Mr Julian Fedosiuk Martin Charles Brown

Registered office

Suite 402 Britannia House 1-11 Glenthorne Road, Hammersmith London W6 0LH

Page 1

Petrie Inventory Limited
Directors' Report for the Period from 9 September 2015 to 30 September 2016

The directors present their report and the unaudited financial statements for the period from 9 September 2015 to 30 September 2016.

Directors of the company

The directors who held office during the period were as follows:

Mr Zadrian Smith (appointed 9 September 2015)

Brillant Nyansago (appointed 9 September 2015)

Mr Julian Fedosiuk (appointed 9 September 2015)

Martin Charles Brown (appointed 9 September 2015)

Grace Louise Carter (appointed 9 September 2015 and resigned 14 June 2016)

Benjamin Thapa (appointed 9 September 2015 and resigned 15 June 2016)

Small company provisions

This report has been prepared in accordance with the small companies regime under the Companies Act 2006.

Approved by the Board on 17 December 2016 and signed on its behalf by:

.........................................
Martin Charles Brown
Director

Page 2

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of
 Petrie Inventory Limitedfor the Period Ended 30 September 2016

In order to assist you to fulfil your directors' duties under the Companies Act 2006, we have prepared for your review and approval the financial statements of Petrie Inventory Limited for the period ended 30 September 2016. These financial statements have been prepared from the company's accounting records and from information and explanations you have given us.

As a member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to ethical and other professional requirements.

This report is made solely to the Board of Directors of Petrie Inventory Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Petrie Inventory Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Petrie Inventory Limited and its Board of Directors as a body for our work or for this report.

The acceptance of the financial statements and the directors' report by the directors indicates acceptance of our accountants' report too. Use of these financial statements by external parties indicates acknowledgement of these conditions and limitations.

 
  ......................................
  Broadhead Accountants Limited Chartered Accountants Suite 402 Britannia House 1-11 Glenthorne Road Hammersmith London W6 0LH
 
 
 

20 December 2016

Page 3

Petrie Inventory Limited
Profit and Loss Account for the Period from 9 September 2015 to 30 September 2016

		Note			9 September 2015 to 30 September 2016 £
Turnover					-
Administrative expenses					(30,104)
Operating loss					(30,104)
Loss on ordinary activities before taxation					(30,104)
Loss for the financial period		4			(30,104)

The notes on pages 6 to 7 form an integral part of these financial statements.
Page 4

Petrie Inventory Limited
(Registration number: 09768800)
Balance Sheet at 30 September 2016

		Note			30 September 2016 £
Current assets
Cash at bank and in hand					45
Creditors: Amounts falling due within one year		2			(30,039)
Net liabilities					(29,994)
Capital and reserves
Called up share capital		3			110
Profit and loss account		4			(30,104)
Shareholders' deficit					(29,994)

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with FRS 102.

For the year ending 30 September 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

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.

Approved and authorised for issue by the Board on 17 December 2016 and signed on its behalf by:

.........................................
Martin Charles Brown
Director

The notes on pages 6 to 7 form an integral part of these financial statements.
Page 5

Petrie Inventory Limited
Notes to the Financial Statements for the Period from 9 September 2015 to 30 September 2016
......... continued

1	Accounting policies

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with FRS 102.

Research and development

Research and development expenditure is written off as incurred.

Foreign currency

Transactions in foreign currencies are recorded at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the closing rates at the balance sheet date. All exchange differences are included in the profit and loss account.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Creditors: Amounts falling due within one year

		30 September 2016 £
Other creditors		30,039

3	Share capital

Allotted, called up and fully paid shares

	30 September 2016
		No.			£
Ordinary-Founder of £1 each		100			100
Ordinary-Investor of £1 each		10			10
		110			110

Page 6

Petrie Inventory Limited
Notes to the Financial Statements for the Period from 9 September 2015 to 30 September 2016
......... continued

4

Reserves

		Profit and loss account £			Total £
Loss for the period		(30,104)			(30,104)
At 30 September 2016		(30,104)			(30,104)

Page 7