Peach Energy Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 06768246 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016

FOR

PEACH ENERGY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

R J Austin

REGISTERED OFFICE:

Flat 4, Angmering Court

24 Sea Lane

East Preston

East Sussex

BN16 1NF

REGISTERED NUMBER:

06768246 (England and Wales)

ACCOUNTANTS:

Hilton Sharp & Clarke Limited

Chartered Accountants

30 New Road

Brighton

East Sussex

BN1 1BN

FIXED ASSETS

Tangible assets

3

-

2,766

CURRENT ASSETS

Cash at bank

809

302

CREDITORS

Amounts falling due within one year

4

13,105

14,665

NET CURRENT LIABILITIES

(12,296

)

(14,363

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(12,296

)

(11,597

)

CAPITAL AND RESERVES

Called up share capital

5

100

100

Retained earnings

(12,396

)

(11,697

)

SHAREHOLDERS' FUNDS

(12,296

)

(11,597

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 28 September 2017 and were signed by:

R J Austin - Director

1.	STATUTORY INFORMATION

Peach Energy Limited is a private company, limited by shares , registered in England and Wales. The company's registered

number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added

tax and other sales taxes.

Tangible fixed assets

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

Motor vehicles

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that

it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively

enacted by the balance sheet date.

Deferred tax

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in

which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted

or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be

recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	TANGIBLE FIXED ASSETS

Motor

vehicles

£

COST

At 1 January 2016

20,724

Disposals

(20,724

)

At 31 December 2016

-

DEPRECIATION

At 1 January 2016

17,958

Eliminated on disposal

(17,958

)

At 31 December 2016

-

NET BOOK VALUE

At 31 December 2016

-

At 31 December 2015

2,766

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Directors' current accounts

12,745

14,011

Accruals and deferred income

360

654

13,105

14,665

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

51

'A' Ordinary

£1

51

51

49

'B' Ordinary

£1

49

49

100

100

6.	FIRST YEAR ADOPTION

These are the company’s first set of financial statements prepared in accordance with FRS 102.

The transition to FRS 102 Section 1A occurred on 1 January 2015 with the end of the comparative period being 31

December 2015. There have been no changes to accounting policies nor to any balances in the financial statements.