Peter Leckie Projects Ltd - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 07687317 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2017

FOR

PETER LECKIE PROJECTS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTOR:

P Leckie

REGISTERED OFFICE:

Avebury House

St Peter Street

Winchester

Hampshire

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REGISTERED NUMBER:

07687317 (England and Wales)

ACCOUNTANTS:

Rothman Pantall LLP

Chartered Accountants

Avebury House

St Peter Street

Winchester

Hampshire

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FIXED ASSETS

Tangible assets

4

7,335

10,168

CURRENT ASSETS

Debtors

5

13,752

18,322

Cash at bank

5,732

6,387

19,484

24,709

CREDITORS

Amounts falling due within one year

6

24,915

32,441

NET CURRENT LIABILITIES

(5,431

)

(7,732

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,904

2,436

PROVISIONS FOR LIABILITIES

1,467

2,034

NET ASSETS

437

402

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

436

401

SHAREHOLDERS' FUNDS

437

402

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2017 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 25 March 2018 and were signed by:

P Leckie - Director

1.	STATUTORY INFORMATION

Peter Leckie Projects Ltd 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.

No restatement of items has been required when making the transition to FRS 102

Turnover

Turnover represents income derived from ordinary activities. The company became registered for VAT

from 1 May 2012 and accounted for VAT under the flat-rate scheme. From 1 April 2017 the company now

accounts for VAT on the Standard scheme and turnover represents income excluding value added tax and

other sales 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 etc

-

25% on cost

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's

pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 July 2016

26,030

Disposals

(220

)

At 30 June 2017

25,810

DEPRECIATION

At 1 July 2016

15,862

Charge for year

2,801

Eliminated on disposal

(188

)

At 30 June 2017

18,475

NET BOOK VALUE

At 30 June 2017

7,335

At 30 June 2016

10,168

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

13,130

10,068

Other debtors

622

8,254

13,752

18,322

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Hire purchase contracts

-

9,596

Taxation and social security

21,790

20,597

Other creditors

3,125

2,248

24,915

32,441

7.	RELATED PARTY DISCLOSURES

P Leckie

Director and Shareholder

During the year the company paid dividends amounting to £61,024 (2016 £58,000).

Amount due from related party at the balance sheet date £nil (2016 £7,568).

8.	FIRST YEAR ADOPTION

Peter Leckie projects Ltd prepares its first financial statements that comply with FRS 102 for the year

ended 30 June 2017. The Company's date of transition to FRS 102 is 1 July 2015. For the Company, the

policies under the entities previews accounting framework are not materially different to FRS 102 and have

not impacted on equity or profit or loss.

The following reproduces the text of the report prepared for the director in respect of the company's

annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only

required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other

primary statements and the Report of the Director are not required to be filed with the Registrar of

Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Peter Leckie Projects Ltd for the year ended 30 June 2017 which comprise the Income

Statement, Balance Sheet, and the related notes from the company's accounting records and from information

and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Peter Leckie Projects Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Peter Leckie Projects Ltd and state those matters that we have agreed to state to the director of Peter Leckie Projects Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Peter Leckie Projects Ltd and its director for our work or for this report.

It is your duty to ensure that Peter Leckie Projects Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Peter Leckie Projects Ltd. You consider that Peter Leckie Projects Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Peter Leckie Projects Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Rothman Pantall LLP

Chartered Accountants

Avebury House

St Peter Street

Winchester

Hampshire

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26 March 2018