Peter Farmer Associates Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 03842483 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2016

for

Peter Farmer Associates Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

P R C Farmer

SECRETARY:

J C Farmer

REGISTERED OFFICE:

Cavendish House

Coggeshall

Essex

CO6 1NH

REGISTERED NUMBER:

03842483 (England and Wales)

ACCOUNTANTS:

Anthony Russel Limited

Chartered Accountants

Registered Auditor

Winghams House

9 Freeport Office Village

Century Drive

Braintree

Essex

CM77 8YG

FIXED ASSETS

Tangible assets

2

5,144

7,222

Investments

3

587

5,731

7,809

CURRENT ASSETS

Debtors

21,313

39,410

Cash at bank

637

51

21,950

39,461

CREDITORS

Amounts falling due within one year

29,384

40,664

NET CURRENT LIABILITIES

(7,434

)

(1,203

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,703

)

6,606

CAPITAL AND RESERVES

Called up share capital

4

2

Profit and loss account

(1,705

)

6,604

SHAREHOLDERS' FUNDS

(1,703

)

6,606

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 his 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 15 December 2016 and were signed by:

P R C Farmer - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

Attention is drawn to the fact that the financial statements have been prepared on a going

concern basis. This may not be appropriate because at the balance sheet date the company's

current liabilities exceeded its current assets.

Should the company be unable to continue trading, adjustments would have to be made to

reduce the value of the assets to their recoverable amount, to provide for any further liabilities

which may arise, and to reclassify fixed assets and long term liabilities as current assets and

liabilities.

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 revenue earned under a wide variety of contracts to provide goods and

services. Revenue is recognised as earned when, and to the extent that, the company obtains

the right to consideration in exchange for its performance under these contracts. It is measured

at the fair value of the right to consideration, which represents amounts chargeable to

customers, including expenses and disbursements but 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance

sheet. Those held under hire purchase contracts are depreciated over their estimated useful

lives. Those held under finance leases are depreciated over their estimated useful lives or the

lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the

relevant period. The capital element of the future payments is treated as a liability.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

25,687

DEPRECIATION

At 1 April 2015

18,465

Charge for year

2,078

At 31 March 2016

20,543

NET BOOK VALUE

At 31 March 2016

5,144

At 31 March 2015

7,222

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 April 2015

and 31 March 2016

587

NET BOOK VALUE

At 31 March 2016

587

At 31 March 2015

587

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

2

Ordinary

£1

2