Perry's (Trading) Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 00632255 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2017

FOR

PERRY'S (TRADING) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

L J Perry

Ms J E Priest

Ms J A Willetts

REGISTERED OFFICE:

First Floor

Black Country House

Rounds Green Road

Oldbury

West Midlands

B69 2DG

REGISTERED NUMBER:

00632255 (England and Wales)

ACCOUNTANTS:

Crowe Clark Whitehill LLP

Chartered Accountants

Black Country House

Rounds Green Road

Oldbury

West Midlands

B69 2DG

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

791,995

808,927

791,995

808,927

CURRENT ASSETS

Stocks

43,034

41,568

Debtors

6

13,466

13,263

Investments

7

452,132

450,000

Cash at bank and in hand

174,375

162,732

683,007

667,563

CREDITORS

Amounts falling due within one year

8

72,118

72,446

NET CURRENT ASSETS

610,889

595,117

TOTAL ASSETS LESS CURRENT LIABILITIES

1,402,884

1,404,044

CREDITORS

Amounts falling due after more than one year

9

(3,760

)

(5,014

)

PROVISIONS FOR LIABILITIES

(8,976

)

(10,383

)

NET ASSETS

1,390,148

1,388,647

CAPITAL AND RESERVES

Called up share capital

9,000

9,000

Capital redemption reserve

1,000

1,000

Retained earnings

1,380,148

1,378,647

SHAREHOLDERS' FUNDS

1,390,148

1,388,647

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 16 May 2018 and were signed on its behalf by:

L J Perry - Director

1.	STATUTORY INFORMATION

Perry's (Trading) 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.

Information on the impact of FRS 102 is given in note 11.

The following principal accounting policies have been applied:

Turnover

Turnover comprises revenue recognised by the company in respect of goods and services

supplied during the year, exclusive of Value Added Tax and trade discounts.

Turnover relating to shop and post office sales and are recognised at the point of supply.

Turnover relating to post office tier payments is recognised on a monthly basis as received.

Tangible fixed assets

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

Freehold property

-

2% on cost

Plant and equipment

-

25% on reducing balance

Motor vehicles

-

25% on cost

Financial instruments

Creditors

Short term creditors are measured at transaction price.

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable

without penalty on notice of not more than 24 hours.

There are no complex financial instruments.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2016 - 28 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 October 2016

and 30 September 2017

21,250

AMORTISATION

At 1 October 2016

and 30 September 2017

21,250

NET BOOK VALUE

At 30 September 2017

-

At 30 September 2016

-

5.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

property

equipment

vehicles

Totals

£

£

£

£

COST

At 1 October 2016

839,147

214,625

3,594

1,057,366

Additions

-

1,828

-

1,828

At 30 September 2017

839,147

216,453

3,594

1,059,194

DEPRECIATION

At 1 October 2016

72,862

173,779

1,798

248,439

Charge for year

7,165

10,696

899

18,760

At 30 September 2017

80,027

184,475

2,697

267,199

NET BOOK VALUE

At 30 September 2017

759,120

31,978

897

791,995

At 30 September 2016

766,285

40,846

1,796

808,927

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Other debtors

13,466

13,263

7.	CURRENT ASSET INVESTMENTS

2017

2016

£

£

Short term bonds

452,132

450,000

The market value of bonds at 30 September 2017 was £452,132 (2016: £450,000).

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

19,402

18,739

Corporation tax

9,991

9,231

VAT

6,463

8,553

Other creditors

15

17

Wages control

5,083

5,120

Directors' loan accounts

956

584

Accruals and deferred income

30,208

30,202

72,118

72,446

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Accruals and deferred income

3,760

5,014

10.	CONTROLLING PARTY

Throughout the year, the company was controlled by the directors.

11.	FIRST TIME ADOPTION OF FRS 102

The policies applied under the entity's previous accounting framework are not materially

different to FRS 102 and have not impacted on equity or profit and loss.