Petrus Universal Ltd - Abbreviated accounts 16.3

Petrus Universal Ltd - Abbreviated accounts 16.3

PETRUS UNIVERSAL LTD - Company Information

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REGISTERED NUMBER: 06034385 (England and Wales)















ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 30 NOVEMBER 2016

FOR

PETRUS UNIVERSAL LTD

PETRUS UNIVERSAL LTD (REGISTERED NUMBER: 06034385)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 NOVEMBER 2016










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

PETRUS UNIVERSAL LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2016







DIRECTOR: Mr S R Smart





REGISTERED OFFICE: 18 Parkside
Upton
Northampton
NN5 4EQ





REGISTERED NUMBER: 06034385 (England and Wales)





ACCOUNTANTS: Lowson Ward
Chartered Accountants
292 Wake Green Road
Birmingham
B13 9QP
Page 1
PETRUS UNIVERSAL LTD (REGISTERED NUMBER: 06034385)

ABBREVIATED BALANCE SHEET
30 NOVEMBER 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 180 300

CURRENT ASSETS
Debtors 2,182 6,686
Cash at bank 14,099 14,931
16,281 21,617
CREDITORS
Amounts falling due within one year 8,368 11,119
NET CURRENT ASSETS 7,913 10,498
TOTAL ASSETS LESS CURRENT
LIABILITIES
8,093
10,798

CAPITAL AND RESERVES
Called up share capital 3 1 1
Profit and loss account 8,092 10,797
SHAREHOLDERS' FUNDS 8,093 10,798

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 notes form part of these abbreviated accounts

Page 2
PETRUS UNIVERSAL LTD (REGISTERED NUMBER: 06034385)

ABBREVIATED BALANCE SHEET - continued
30 NOVEMBER 2016


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 4 April 2017 and were signed by:





Mr S R Smart - Director


The notes form part of these abbreviated accounts

Page 3
PETRUS UNIVERSAL LTD (REGISTERED NUMBER: 06034385)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 NOVEMBER 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 services, excluding value added tax, except in respect of
service contracts where turnover is recognised when the company obtains the right to
consideration.

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

Equipment - 40% p.a. reducing balance

All fixed assets are initially recorded at cost.

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

Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the
contractual arrangements entered into. An equity instrument is any contract that evidences a
residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to
a similar debt instrument, those financial instruments are classed as financial liabilities. Financial
liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to
financial liabilities are included in the profit and loss account. Finance costs are calculated so as to
produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a
financial liability then this is classed as an equity instrument. Dividends and distributions relating to
equity instruments are debited direct to equity.

Page 4
PETRUS UNIVERSAL LTD (REGISTERED NUMBER: 06034385)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2016


2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 December 2015
and 30 November 2016 500
DEPRECIATION
At 1 December 2015 200
Charge for year 120
At 30 November 2016 320
NET BOOK VALUE
At 30 November 2016 180
At 30 November 2015 300

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
1 Ordinary £1 1 1

Page 5