Peters Electrical Services Cambridge Ltd - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 07861682 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2017

FOR

PETERS ELECTRICAL SERVICES (CAMBRIDGE)

LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountant

8

DIRECTORS:

A D Peters

Mrs E E Peters

A D Peters

REGISTERED OFFICE:

6 Manor Mews

Bridge Street

St Ives

Cambridgeshire

PE27 5UW

REGISTERED NUMBER:

07861682 (England and Wales)

ACCOUNTANT:

HW Huntingdon Limited

2a Chequers Court

Huntingdon

PE29 3LJ

FIXED ASSETS

Intangible assets

4

20,000

20,000

Tangible assets

5

13,525

13,268

33,525

33,268

CURRENT ASSETS

Stocks

1,100

-

Debtors

6

2,879

5,401

Cash at bank

5,319

1,984

9,298

7,385

CREDITORS

Amounts falling due within one year

7

28,699

27,501

NET CURRENT LIABILITIES

(19,401

)

(20,116

)

TOTAL ASSETS LESS CURRENT LIABILITIES

14,124

13,152

PROVISIONS FOR LIABILITIES

8

2,570

-

NET ASSETS

11,554

13,152

CAPITAL AND RESERVES

Called up share capital

9

2

2

Retained earnings

11,552

13,150

SHAREHOLDERS' FUNDS

11,554

13,152

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 15 June 2018 and were signed on its behalf by:

A D Peters - Director

1.	STATUTORY INFORMATION

Peters Electrical Services (Cambridge) 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

The principal accounting policies adopted in the preparation of the financial statements are set out below and

have remained unchanged from the previous year, and have also been consistently applied within the same

accounts.

Compliance with accounting standards

These financial statements have been prepared in accordance with the provisions of Section 1A "Smaller

Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and

Republic of Ireland" and the Companies Act 2006.

There were no material departures from that standard.

Transition to FRS 102

These financial statements for the year ended 30 November 2017 are the first financial statements that comply

with FRS 102 Section 1A small entities. The date of transition is 1 December 2015.

The transition to FRS 102 Section 1A small entities has resulted in a small number of changes in accounting

policies to those used previously, however there has been no material impact on the financial statements.

First year adoption

The company has adopted FRS 102 for the first time in the year ended 30 November 2017.

The effect of the transition from the previous financial reporting framework to FRS 102 has been considered.

There has been no material impact in relation to the following:

- changes in accounting policies.

- changes in shareholders funds.

- comparative year profit or loss.

On that basis, no restatement has been undertaken.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Goodwill

Goodwill, being the amount generated in connection with the incorporation of a Limited Company from a

previous Partnership Trading business.

The goodwill is not currently being amortised.

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 reducing balance

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.

Work in progress

Work in progress in valued at the net realisable value.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 December 2016

and 30 November 2017

20,000

NET BOOK VALUE

At 30 November 2017

20,000

At 30 November 2016

20,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 December 2016

14,810

Additions

712

At 30 November 2017

15,522

DEPRECIATION

At 1 December 2016

1,542

Charge for year

455

At 30 November 2017

1,997

NET BOOK VALUE

At 30 November 2017

13,525

At 30 November 2016

13,268

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.17

30.11.16

£

£

Trade debtors

738

3,901

Other debtors

1,963

1,094

Prepayments

178

406

2,879

5,401

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.17

30.11.16

£

£

Trade creditors

3,561

3,798

Tax

2,280

-

VAT

1,585

1,082

Other creditors

79

-

Directors' current accounts

20,336

21,801

Accrued expenses

858

820

28,699

27,501

8.	PROVISIONS FOR LIABILITIES

30.11.17

30.11.16

£

£

Deferred tax

2,570

-

Deferred

tax

£

Accelerated capital allowances

2,570

Balance at 30 November 2017

2,570

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.17

30.11.16

value:

£

£

2

Ordinary

£1

2

2

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end a loan of £20,336 is owed to the directors. This loan is interest free and payable on demand.

The following reproduces the text of the report prepared for the directors 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 Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 November 2017 set out on pages nil to nil and you consider that the company is exempt from an audit.

In accordance with your instructions, I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to me.

HW Huntingdon Limited

2a Chequers Court

Huntingdon

PE29 3LJ

15 June 2018