Perrys Builders Merchants Ltd - Abbreviated accounts 16.3
Perrys Builders Merchants Ltd - Abbreviated accounts 16.3
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts |
| for the Year Ended 31 July 2016 |
| for |
| Perrys Builders Merchants Ltd |
| Perrys Builders Merchants Ltd (Registered number: 03986033) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 31 July 2016 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| Perrys Builders Merchants Ltd |
| Company Information |
| for the Year Ended 31 July 2016 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| BUSINESS ADDRESS: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| BANKERS: |
| Perrys Builders Merchants Ltd (Registered number: 03986033) |
| Abbreviated Balance Sheet |
| 31 July 2016 |
| 2016 | 2015 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| Investments | 3 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
| CREDITORS |
| Amounts falling due after more than one year |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS/(LIABILITIES) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 4 |
| Profit and loss account | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) |
| 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. |
| Perrys Builders Merchants Ltd (Registered number: 03986033) |
| Abbreviated Balance Sheet - continued |
| 31 July 2016 |
| The financial statements were approved by the director on |
| Perrys Builders Merchants Ltd (Registered number: 03986033) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 31 July 2016 |
| 1. | ACCOUNTING POLICIES |
| 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 the total invoice value, excluding value added tax. Direct retail turnover is recognised when |
| a sale is completed within the retail unit. |
| Tangible fixed assets and depreciation |
| Short leasehold property | - |
| Plant & machinery | - |
| Fixtures, fittings & equipment | - |
| Computer & office equipment | - |
| Stocks |
| Stock is valued at the lower of cost and net realisable value, after making due allowance for obsolete, damaged |
| and slow-moving items. Cost includes all direct expenditure. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or |
| a right to pay less to receive more, tax with the following exceptions: |
| Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that |
| there will be suitable tax profits from which the future reversal of the underlying timing differences can be |
| deducted. |
| Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in |
| which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance |
| sheet date. |
| Hire purchase and leasing commitments |
| Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and |
| depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are |
| included in creditors net of the finance charge allocated to future periods. The finance element of the rental |
| payment is charged to the profit and loss account so as to produce constant periodic rates of charge on the net |
| obligations outstanding in each period. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
| scheme are charged to the profit and loss account in the period to which they relate. |
| Investments |
| Fixed asset investments are stated at cost less provision for permanent diminution in value. |
| Perrys Builders Merchants Ltd (Registered number: 03986033) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 31 July 2016 |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 August 2015 |
| Additions |
| At 31 July 2016 |
| DEPRECIATION |
| At 1 August 2015 |
| Charge for year |
| At 31 July 2016 |
| NET BOOK VALUE |
| At 31 July 2016 |
| At 31 July 2015 |
| 3. | FIXED ASSET INVESTMENTS |
| Investments |
| other |
| than |
| loans |
| £ |
| COST |
| At 1 August 2015 |
| and 31 July 2016 | 1,250 |
| NET BOOK VALUE |
| At 31 July 2016 |
| At 31 July 2015 |
| 4. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2016 | 2015 |
| value: | £ | £ |
| Ordinary | 1 |