Company Registration No. 05232847 (England and Wales)
PETERPENNY'S LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2016
PETERPENNY'S LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
PETERPENNY'S LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 NOVEMBER 2016
30 November 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Intangible assets
2
27,000
30,000
Tangible assets
2
666
783
27,666
30,783
Current assets
Stocks
1,000
1,000
Debtors
3,266
-
Cash at bank and in hand
182,097
109,575
186,363
110,575
Creditors: amounts falling due within one year
(65,224)
(29,642)
Net current assets
121,139
80,933
Total assets less current liabilities
148,805
111,716
Capital and reserves
Called up share capital
3
2
2
Profit and loss account
148,803
111,714
Shareholders' funds
148,805
111,716
For the financial year ended 30 November 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 2 February 2017
Peter Kyriacou
Director
Company Registration No. 05232847
PETERPENNY'S LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 NOVEMBER 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.3
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings & equipment
15% of net book value
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 December 2015 & at 30 November 2016
60,000
4,680
64,680
Depreciation
At 1 December 2015
30,000
3,897
33,897
Charge for the year
3,000
117
3,117
At 30 November 2016
33,000
4,014
37,014
Net book value
At 30 November 2016
27,000
666
27,666
At 30 November 2015
30,000
783
30,783
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
2 Ordinary £1 of £1 each
2
2
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