P and E Yorkshire Ltd - Abbreviated accounts 16.3

P and E Yorkshire Ltd - Abbreviated accounts 16.3

P AND E YORKSHIRE LTD - Company Information

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REGISTERED NUMBER: 07611459 (England and Wales)















Abbreviated Accounts for the Year Ended 31 August 2016

for

P and E Yorkshire Ltd

P and E Yorkshire Ltd (Registered number: 07611459)






Contents of the Abbreviated Accounts
for the Year Ended 31 August 2016




Page

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2

P and E Yorkshire Ltd (Registered number: 07611459)

Abbreviated Balance Sheet
31 August 2016

31.8.16 31.8.15
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 832,213 888,954
Tangible assets 3 906 1,007
Investment property 4 1,698,852 1,698,852
2,531,971 2,588,813

CURRENT ASSETS
Stocks 325,000 180,000
Debtors 251,080 314,040
Cash at bank 140,190 118,466
716,270 612,506
CREDITORS
Amounts falling due within one year 2,488,664 2,481,953
NET CURRENT LIABILITIES (1,772,394 ) (1,869,447 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
759,577
719,366

CAPITAL AND RESERVES
Called up share capital 5 100 100
Profit and loss account 759,477 719,266
SHAREHOLDERS' FUNDS 759,577 719,366

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2016 in accordance with Section 476 of the Companies Act 2006.

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.

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 director on 15 February 2017 and were signed by:





Mr P Noble - Director


The notes form part of these abbreviated accounts

Page 1
P and E Yorkshire Ltd (Registered number: 07611459)

Notes to the Abbreviated Accounts
for the Year Ended 31 August 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 net invoiced sales of goods, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of twenty years.

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

Plant and machinery etc - 10% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising
from changes in market value is transferred to a revaluation reserve.

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

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed
at the balance sheet date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line
basis over the period of the lease.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 September 2015
and 31 August 2016 1,134,836
AMORTISATION
At 1 September 2015 245,882
Amortisation for year 56,741
At 31 August 2016 302,623
NET BOOK VALUE

At 31 August 2016 832,213
At 31 August 2015 888,954

Page 2
P and E Yorkshire Ltd (Registered number: 07611459)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 August 2016

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 September 2015
and 31 August 2016 1,592
DEPRECIATION
At 1 September 2015 585
Charge for year 101
At 31 August 2016 686
NET BOOK VALUE
At 31 August 2016 906
At 31 August 2015 1,007

4. INVESTMENT PROPERTY
Total
£   
COST
At 1 September 2015
and 31 August 2016 1,698,852
NET BOOK VALUE
At 31 August 2016 1,698,852
At 31 August 2015 1,698,852

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.16 31.8.15
value: £    £   
100 Ordinary £1.00 100 100

Page 3