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PEACHES WEDDING SHOP LIMITED - Company Information

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Peaches Wedding Shop Limited

Registered Number:04480706

For the year ended 31 January 2017

England and Wales

Unaudited Financial Statements

For the year ended 31 January 2017

Peaches Wedding Shop Limited

Contents Page

Statement of Financial Position

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Notes to the Financial Statements

As at 31 January 2017

Peaches Wedding Shop Limited

Statement of Financial Position

Registered Number :

04480706

2016

2017

Notes

Fixed assets

Intangible assets

36,000

40,500

Property, plant and equipment

582

685

36,582

41,185

Current assets

Inventories

18,842

13,250

Trade and other receivables

1,572

1,643

1,455

Cash and cash equivalents

1,445

16,338

21,869

Trade and other payables: amounts falling due within one

year

(58,261)

(50,368)

(36,392)

(34,030)

Net current liabilities

Total assets less current liabilities

2,552

4,793

2,552

Net assets

4,793

Capital and reserves

Called up share capital

1,000

Retained earnings

1,552

3,793

2,552

4,793

Shareholders' funds

For the year ended 31 January 2017 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2017 in accordance with Section 476 of the Companies Act 2006

The director acknowledges her responsibilities for:a) ensuring that the company keeps proper 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 Section

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.

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

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.

Mrs Debbie Meads Director

These financial statements were approved and authorised for issue by the Board on 31 October 2017 and were signed by:

The notes form part of these financial statements

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For the year ended 31 January 2017

Peaches Wedding Shop Limited

Notes to the Financial Statements

Statutory Information

Peaches Wedding Shop Limited is a private limited company, limited by shares, domiciled in England and Wales,

registration number 04480706.

Registered address:

92 The Stow

Harlow

Essex

CM20 3AP

The presentation currency is £ sterling.

1. Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as

modified by the revaluation of certain assets.

Revenue recognition

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of 20 years.

Intangible assets

Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

Property, plant and equipment

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and machinery

25 Reducing balance

Motor vehicles

15 Reducing balance

Fixtures and fittings

Inventories

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Hire purchase and leasing commitments

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

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For the year ended 31 January 2017

Peaches Wedding Shop Limited

Notes to the Financial Statements Continued

2. Intangible fixed assets

Goodwill

Cost or valuation

At 01 February 2016

90,000

At 31 January 2017

90,000

Amortisation

At 01 February 2016

49,500

4,500

Charge for year

At 31 January 2017

54,000

Net book value

At 31 January 2017

36,000

At 31 January 2016

40,500

3. Property, plant and equipment

Total

Fixtures and

fittings

Motor vehicles

Plant and

machinery

Cost or

valuation

At 01 February 2016

7,203

3,738

804

2,661

At 31 January 2017

2,661

804

3,738

7,203

Provision for depreciation and impairment

At 01 February 2016

6,518

3,053

804

2,661

Charge for year

103

At 31 January 2017

6,621

3,156

804

2,661

At 31 January 2017

Net book value

582

At 31 January 2016

685

4. Trade and other payables: amounts falling due within one year

2016

2017

Bank loans and overdraft

4,198

Trade creditors

23,402

35,281

Taxation and social security

790

200

Other creditors

21,978

18,582

50,368

58,261

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