Peacock Building Services Limited - Accounts to registrar (filleted) - small 17.3

PEACOCK BUILDING SERVICES LIMITED - Company Information

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REGISTERED NUMBER: 05550072 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2017

FOR

PEACOCK BUILDING SERVICES LIMITED

Page

Company Information

Balance Sheet

Notes to the Financial Statements

DIRECTORS:

J Ellis

R D Ellis

J M Ellis

SECRETARY:

R D Ellis

REGISTERED OFFICE:

25 Grosvenor Road

Wrexham

LL11 1BT

REGISTERED NUMBER:

05550072 (England and Wales)

ACCOUNTANTS:

M. D. Coxey and Co. Limited

Chartered Accountants

25 Grosvenor Road

Wrexham

LL11 1BT

BANKERS:

HSBC Bank plc

31 High Street

Caergwrle

Wrexham

LL12 9EU

FIXED ASSETS

Tangible assets

Investments

176,501

CURRENT ASSETS

Stocks

380,053

Debtors

167,837

135,527

Cash at bank

2,527

6,066

550,417

521,646

CREDITORS

Amounts falling due within one year

442,352

403,936

NET CURRENT ASSETS

108,065

117,710

TOTAL ASSETS LESS CURRENT
LIABILITIES

284,566

294,211

CREDITORS

Amounts falling due after more than one
year

269,020

279,663

NET ASSETS

15,546

14,548

CAPITAL AND RESERVES

Called up share capital

Retained earnings

15,543

14,545

SHAREHOLDERS' FUNDS

15,546

14,548

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2017.

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

The directors acknowledge their 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 Board of Directors on 21st December 2017 and were signed on its
behalf by:

R D Ellis - Director

1.	STATUTORY INFORMATION

Peacock Building Services 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.

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 represents net rental receipts, 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.

Fixtures and fittings

20% 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.

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.

Investments

Fixed asset investments are included in the company's balance sheet at cost less any amounts written off for

permanent diminution in value.

3.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

COST

At 1st April 2016

and 31st March 2017

235

DEPRECIATION

At 1st April 2016

and 31st March 2017

235

NET BOOK VALUE

At 31st March 2017

At 31st March 2016

4.	FIXED ASSET INVESTMENTS

Other

investments

COST

At 1st April 2016

and 31st March 2017

176,501

NET BOOK VALUE

At 31st March 2017

176,501

At 31st March 2016

176,501

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

Trade debtors

107,085

80,835

John Ellis & Sons

60,692

54,692

VAT

167,837

135,527

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

Bank loans and overdrafts

9,600

Trade creditors

40,388

25,106

Tax

7,750

14,001

VAT

310

Directors' current accounts

383,030

353,335

Accrued expenses

1,584

442,352

403,936

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.3.17

31.3.16

Bank loans - 1-2 years

9,600

Bank loans - 2-5 years

28,800

Bank loans more 5 yr by instal

230,620

241,263

269,020

279,663

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

230,620

241,263

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.17

31.3.16

Bank loans

278,620

289,263

9.	RELATED PARTY DISCLOSURES

John Ellis & Sons purchased goods from the company during the year for the amount of £44,375 (2016:

£81,381).

The company is owned by the Ellis Family..

At the end of the year there was a balance due from John Ellis & Sons of £60,692 (2016: £54,692).

10.	FIRST YEAR ADOPTION

This is the first year that the company has presented its results under FRS 102 (section 1A). The last financial

statements prepared under UK GAAP were for the period ended 31st March 2016. The date of transition to

FRS102 (section 1A) was 1st April 2016. There were no adjustments on the transition to FRS 102 (section 1A)

for the period 1st April 2015 to 31st March 2016.