Pegpak Supplies Limited - Accounts to registrar (filleted) - small 17.3
Pegpak Supplies Limited - Accounts to registrar (filleted) - small 17.3
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 5 April 2017 |
for |
Pegpak Supplies Limited |
Pegpak Supplies Limited (Registered number: 01712662) |
Contents of the Financial Statements |
for the Year Ended 5 April 2017 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Pegpak Supplies Limited |
Company Information |
for the Year Ended 5 April 2017 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Certified Accountants |
55 Fountain Street |
Morley |
Leeds |
West Yorkshire |
LS27 0AA |
Pegpak Supplies Limited (Registered number: 01712662) |
Balance Sheet |
5 April 2017 |
5.4.17 | 5.4.16 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks | 5 |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) |
The director acknowledges her 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. |
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 |
Pegpak Supplies Limited (Registered number: 01712662) |
Notes to the Financial Statements |
for the Year Ended 5 April 2017 |
1. | STATUTORY INFORMATION |
Pegpak Supplies Limited is a |
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 |
This is the first year of adoption of FRS 102. |
The financial statements are presented in Sterling (£) |
First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A |
These financial statements for the year ended 5 April 2017 are the first that are prepared in accordance with FRS |
102 Section 1A. The previous financial statements were prepared in accordance with UK GAAP, the date of |
transition to FRS 102 Section 1A is 6 April 2015. |
The financial statements for the year ended 5 April 2017 are the first for Pegpak Supplies Limited prepared in |
accordance with FRS 102, the reporting standard applicable in the UK and Republic of Ireland. The date of |
transition to FRS 102 was 6 April 2016. The reported financial position and financial performance of the |
previous period are not affected by the transition to FRS 102. |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
Revenue from the sale of goods is recognised when goods are delivered and legal title passes. |
Tangible fixed assets |
Leasehold Property | - |
Fixtures and fittings | - |
Computer equipment | - |
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and |
accumulated impairment losses. |
At each balance sheet date the company reviews the carrying amount of its tangible fixed assets to determine |
whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the |
recoverable amount of an asset is estimated in order to determine the extent of the impairment loss. |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
moving items. |
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the |
related revenue is recognised. The amount of any write down of stocks to net realisable value and all losses of |
stocks are recognised as an expense in the period in which the write down or loss occurs. The amount of any |
reversal of any write down of stocks is recognised as a reduction in the amount of stocks recognised as an |
expense in the period in which the reversal occurs. |
Pegpak Supplies Limited (Registered number: 01712662) |
Notes to the Financial Statements - continued |
for the Year Ended 5 April 2017 |
2. | ACCOUNTING POLICIES - continued |
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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL. |
4. | TANGIBLE FIXED ASSETS |
Fixtures |
Leasehold | and | Computer |
Property | fittings | equipment | Totals |
£ | £ | £ | £ |
COST |
At 6 April 2016 |
Disposals | ( |
) | ( |
) | ( |
) | ( |
) |
At 5 April 2017 |
DEPRECIATION |
At 6 April 2016 |
Eliminated on disposal | ( |
) | ( |
) | ( |
) | ( |
) |
At 5 April 2017 |
NET BOOK VALUE |
At 5 April 2017 |
At 5 April 2016 |
5. | STOCKS |
5.4.17 | 5.4.16 |
£ | £ |
Stocks |
Pegpak Supplies Limited (Registered number: 01712662) |
Notes to the Financial Statements - continued |
for the Year Ended 5 April 2017 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
5.4.17 | 5.4.16 |
£ | £ |
Trade debtors |
Prepayments |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
5.4.17 | 5.4.16 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
VAT |
Accruals |
Directors' loan accounts | 4,756 | 1,827 |
8. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
The company loaned funds to the director on an interest free basis. The balance due to the director is £4,756. |