Peterkin Herds Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 00614654 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 5 APRIL 2016

FOR

PETERKIN HERDS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

P A Gaskins

Miss R C Edwards

SECRETARY:

Miss R C Edwards

REGISTERED OFFICE:

45 Park Road

Gloucester

GL1 1LP

REGISTERED NUMBER:

00614654 (England and Wales)

ACCOUNTANTS:

Little and Company

45 Park Road

Gloucester

Gloucestershire

GL1 1LP

FIXED ASSETS

Tangible assets

2

38,447

38,855

CURRENT ASSETS

Debtors

8,157

10,595

Cash at bank

20,307

21,555

28,464

32,150

CREDITORS

Amounts falling due within one year

22,255

9,719

NET CURRENT ASSETS

6,209

22,431

TOTAL ASSETS LESS CURRENT
LIABILITIES

44,656

61,286

PROVISIONS FOR LIABILITIES

2,744

2,777

NET ASSETS

41,912

58,509

CAPITAL AND RESERVES

Called up share capital

3

7,842

Profit and loss account

34,070

50,667

SHAREHOLDERS' FUNDS

41,912

58,509

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 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 4 January 2017 and were signed on its behalf by:

P A Gaskins - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The accounts have been prepared on the going concern basis. The director believes that this is appropriate as

significant costs have been incurred within the year that are not expected to recur. The director is confident that

the company will continue to meet all of its liabilities as they fall due and ultimately the director will provide any

necessary funds to the company to ensure this.

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 services, 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.

Farm buildings

-

2% on cost

Plant and machinery

-

25% on reducing balance

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 6 April 2015

222,951

Additions

1,011

At 5 April 2016

223,962

DEPRECIATION

At 6 April 2015

184,096

Charge for year

1,419

At 5 April 2016

185,515

NET BOOK VALUE

At 5 April 2016

38,447

At 5 April 2015

38,855

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

7,842

Ordinary

£1

7,842