Perfectionery Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 08489372 (England and Wales)

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 30TH APRIL 2016

FOR

PERFECTIONERY LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

P E J Roberts

M E Roberts

P E J Roberts

REGISTERED OFFICE:

255 Sharrowvale Road

Sheffield

Yorkshire

S11 8ZE

REGISTERED NUMBER:

08489372 (England and Wales)

ACCOUNTANTS:

Bryan Grey & Co

Broadfield House

18 Broadfield Road

Sheffield

S8 0XJ

FIXED ASSETS

Intangible assets

2

11,600

17,400

Tangible assets

3

1,660

2,214

13,260

19,614

CURRENT ASSETS

Stocks

3,500

1,500

Debtors

6,754

3,981

Cash at bank and in hand

4,190

3,714

14,444

9,195

CREDITORS

Amounts falling due within one year

3,448

6,975

NET CURRENT ASSETS

10,996

2,220

TOTAL ASSETS LESS CURRENT
LIABILITIES

24,256

21,834

CREDITORS

Amounts falling due after more than one
year

114,530

82,530

NET LIABILITIES

(90,274

)

(60,696

)

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

(90,374

)

(60,796

)

SHAREHOLDERS' FUNDS

(90,274

)

(60,696

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th 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 31st January 2017 and were signed on its behalf
by:

P E J Roberts - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on the going concern basis on the assumption that the company can

continue to rely on the support of the directors.

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1st May 2015

and 30th April 2016

29,000

AMORTISATION

At 1st May 2015

11,600

Amortisation for year

5,800

At 30th April 2016

17,400

NET BOOK VALUE

At 30th April 2016

11,600

At 30th April 2015

17,400

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st May 2015

and 30th April 2016

3,190

DEPRECIATION

At 1st May 2015

976

Charge for year

554

At 30th April 2016

1,530

NET BOOK VALUE

At 30th April 2016

1,660

At 30th April 2015

2,214

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

99

Ordinary

£1

99

1

Ordinary A

£1

1

100