PETER_OWEN_MARKETING_LIMI - Accounts

PETER OWEN MARKETING LIMITED - Company Information

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Company Registration No. 06992667 (England and Wales)

PETER OWEN MARKETING LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2016

PETER OWEN MARKETING LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

PETER OWEN MARKETING LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 AUGUST 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

2,073

315

Current assets

Debtors

53,007

57,100

Cash at bank and in hand

17,408

84,767

70,415

141,867

Creditors: amounts falling due within one year

(29,997)

(49,408)

Net current assets

40,418

92,459

Total assets less current liabilities

42,491

92,774

Capital and reserves

Called up share capital

Profit and loss account

42,481

92,764

Shareholders' funds

42,491

92,774

For the financial year ended 31 August 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 18 May 2017

P Owen

Director

Company Registration No. 06992667

PETER OWEN MARKETING LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2016

- 2 -

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 January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover is the value of services supplied and expenses recharged in the period, net of Value Added Tax.

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:

Office equipment

25%

Fixed assets

Tangible assets

Cost

At 1 September 2015

5,595

Additions

2,573

At 31 August 2016

8,168

Depreciation

At 1 September 2015

5,281

Charge for the year

814

At 31 August 2016

6,095

Net book value

At 31 August 2016

2,073

At 31 August 2015

315

Share capital

2016

2015

Allotted, called up and fully paid

10 Ordinary shares of £1 each

PETER OWEN MARKETING LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2016

- 3 -

Related party relationships and transactions

The directors owed the compay £18,935 at 31 August 2016 (2015-£50,424). The maximum amount owed to the company during the year was £18,935. Rent of £6,600 was paid to the directors during the year.