Neil Peters Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 05593084 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2016

FOR

NEIL PETERS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

N Peters

SECRETARY:

Mrs A J Peters

REGISTERED OFFICE:

Unit 4 Shelley Farm

Shelley Lane

Ower

Romsey

Hampshire

SO51 6AS

REGISTERED NUMBER:

05593084 (England and Wales)

ACCOUNTANTS:

Buckleys (Southern) Limited

Unit 4 Shelley Farm

Shelley Lane

Ower

Romsey

Hampshire

SO51 6AS

FIXED ASSETS

Tangible assets

2

2,797

3,134

CURRENT ASSETS

Stocks

11,320

8,725

Debtors

3,180

3,561

Cash at bank

1,358

38

15,858

12,324

CREDITORS

Amounts falling due within one year

29,922

31,771

NET CURRENT LIABILITIES

(14,064

)

(19,447

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(11,267

)

(16,313

)

CAPITAL AND RESERVES

Called up share capital

3

1

1

Profit and loss account

(11,268

)

(16,314

)

SHAREHOLDERS' FUNDS

(11,267

)

(16,313

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 19 July 2017 and were signed by:

N Peters - Director

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.

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

-

15% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Computer equipment

-

33% on cost

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2015

and 31 October 2016

11,562

DEPRECIATION

At 1 November 2015

8,428

Charge for year

337

At 31 October 2016

8,765

NET BOOK VALUE

At 31 October 2016

2,797

At 31 October 2015

3,134

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.16

31.10.15

value:

£

£

1

Ordinary

£1

1

1