Company Registration No. 07048272 (England and Wales)
PETER MCDONALD LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2016
PETER MCDONALD LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
PETER MCDONALD LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 OCTOBER 2016
31 October 2016
- 1 -
2016
2015
Notes
£
£
£
£
Current assets
Debtors
6,250
6,000
Cash at bank and in hand
33
94
6,283
6,094
Creditors: amounts falling due within one year
(2,368)
(5,846)
Total assets less current liabilities
3,915
248
Capital and reserves
Called up share capital
2
1
1
Profit and loss account
3,914
247
Shareholders' funds
3,915
248
For the financial year ended 31 October 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges his 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 and authorised for issue on 21 July 2017
P J McDonald
Director
Company Registration No. 07048272
PETER MCDONALD LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 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 January 2015). The company is reliant on the continued support of its director who is owed £ 136 at 31 October 201 6 . The director has given no indication that he will not continue to support the company for the foreseeable future. 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).
The company is reliant on the continued support of its director who is owed £136 at 31 October 2016. The director has given no indication that he will not continue to support the company for the foreseeable future.
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 represents amounts receivable for goods and services net of trade discounts.
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:
Computer equipment
25% straight line basis
2
Share capital
2016
2015
£
£
Allotted, called up and fully paid
4 Ordinary share of 25p each
1
1
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