Peter Adderley Limited - Period Ending 2016-06-30

PETER ADDERLEY LIMITED - Company Information

Registration number: 01366973

Peter Adderley Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 June 2016

Alextra Group Ltd
Chartered Certified
7-9 Macon Court
Crewe
Cheshire
CW1 6EA

Peter Adderley Limited

Contents

Accountants' Report	1
Abbreviated Balance Sheet	2
Notes to the Abbreviated Accounts	3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Peter Adderley Limited
for the Year Ended 30 June 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Peter Adderley Limited for the year ended 30 June 2016 set out on pages 2 to 4 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made solely to the Board of Directors of Peter Adderley Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Peter Adderley Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www2.accaglobal.com/pubs/members/publications/technical_factsheets/downloads/163.doc. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Peter Adderley Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Peter Adderley Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Peter Adderley Limited. You consider that Peter Adderley Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Peter Adderley Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Alextra Group Ltd
Chartered Certified
7-9 Macon Court
Crewe
Cheshire
CW1 6EA

23 January 2017

Page 1

Peter Adderley Limited

(Registration number: 01366973)
Abbreviated Balance Sheet as at 30 June 2016

	Note	2016 £	2015 £
Fixed assets
Tangible assets		7,729	14,865
Current assets
Stocks		4,926	4,205
Debtors		57,058	49,378
Cash at bank and in hand		100,339	159,904
		162,323	213,487
Creditors: Amounts falling due within one year		(44,263)	(96,927)
Net current assets		118,060	116,560
Net assets		125,789	131,425
Capital and reserves
Called up share capital	3	8,000	8,000
Capital redemption reserve		7,000	7,000
Profit and loss account		110,789	116,425
Shareholders' funds		125,789	131,425

For the year ending 30 June 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.

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

Approved by the Board on 20 January 2017 and signed on its behalf by:

.........................................
Mr Brinley John Latham
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Peter Adderley Limited

Notes to the Abbreviated Accounts

1	Accounting policies

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (FRSSE) (effective January 2015).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant & Machinery	20% on cost
Fixtures & Fittings	20% on cost
Motor Vehicles	25% on reducing balance

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

2	Fixed assets

	Tangible assets £	Total £
Cost
At 1 July 2015	190,129	190,129
Additions	768	768
Disposals	(217)	(217)
At 30 June 2016	190,680	190,680
Depreciation
At 1 July 2015	175,264	175,264
Charge for the year	7,849	7,849
Eliminated on disposals	(162)	(162)
At 30 June 2016	182,951	182,951
Net book value
At 30 June 2016	7,729	7,729
At 30 June 2015	14,865	14,865

Page 3

Peter Adderley Limited

Notes to the Abbreviated Accounts

3	Share capital

Allotted, called up and fully paid shares

	2016		2015
	No.	£	No.	£
Share Capital 1 of £1 each	8,000	8,000	8,000	8,000

Control

The company is controlled by B J Latham.

Page 4