| Peter Simon & Co Limited |
| Registered number: |
05308617 |
| Abbreviated Balance Sheet |
| as at 31 October 2016 |
|
| Notes |
|
|
2016 |
|
|
2015 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
1,903 |
|
|
2,537 |
| Investments |
3 |
|
|
1,000 |
|
|
1,000 |
|
|
|
|
2,903 |
|
|
3,537 |
|
| Current assets |
| Debtors |
|
|
9,938 |
|
|
43,924 |
| Cash at bank and in hand |
|
|
337,865 |
|
|
224,053 |
|
|
|
347,803 |
|
|
267,977 |
|
| Creditors: amounts falling due within one year |
|
|
(208,372) |
|
|
(206,960) |
|
| Net current assets |
|
|
|
139,431 |
|
|
61,017 |
|
| Total assets less current liabilities |
|
|
|
142,334 |
|
|
64,554 |
|
|
| Provisions for liabilities |
|
|
|
(381) |
|
|
(507) |
|
|
| Net assets |
|
|
|
141,953 |
|
|
64,047 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
4 |
|
|
98 |
|
|
98 |
| Profit and loss account |
|
|
|
141,855 |
|
|
63,949 |
|
| Shareholders' funds |
|
|
|
141,953 |
|
|
64,047 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| P Carrington |
| Director |
| Approved by the board on 18 July 2017 |
|
| Peter Simon & Co Limited |
| Notes to the Abbreviated Accounts |
| for the year ended 31 October 2016 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts 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 value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Plant and machinery |
25% reducing balance |
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. |
|
|
Deferred taxation |
|
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse. |
|
|
| 2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 November 2015 |
14,077 |
|
At 31 October 2016 |
14,077 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 November 2015 |
11,540 |
|
Charge for the year |
634 |
|
At 31 October 2016 |
12,174 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 October 2016 |
1,903 |
|
At 31 October 2015 |
2,537 |
|
|
|
|
|
|
|
|
| 3 |
Investments |
£ |
|
|
Cost |
|
At 1 November 2015 |
1,000 |
|
|
At 31 October 2016 |
1,000 |
|
|
|
|
|
|
|
| 4 |
Share capital |
Nominal |
|
2016 |
|
2016 |
|
2015 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
A Ordinary shares |
£1 each |
|
48 |
|
48 |
|
48 |
|
B Ordinary shares |
£1 each |
|
2 |
|
2 |
|
2 |
|
C Ordinary shares |
£1 each |
|
48 |
|
48 |
|
48 |
|
|
|
|
|
|
98 |
|
98 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Loans to directors |
|
Description and conditions |
B/fwd |
Paid |
Repaid |
C/fwd |
| £ |
£ |
£ |
£ |
|
P Carrington |
|
Interest on loans made to the director and associate, accurring interest at 3% and repaid by 31 July 2016. |
224 |
|
- |
|
(224) |
|
- |
|
Loans were made to the director and associate, accurring interest at 3% pa, and repaid by 27 October 2016. |
- |
|
275,000 |
|
(275,000) |
|
- |
|
Interest on loans advanced and repaid during year(accrued interest at 3% pa). |
- |
|
6,214 |
|
(4,776) |
|
1,438 |
|
|
|
224 |
|
281,214 |
|
(280,000) |
|
1,438 |
|
|
|
|
|
|
|
|
|
