Peel Construction (Yorkshire) Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 07257343 (England and Wales)

PEEL CONSTRUCTION (YORKSHIRE) LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED

31 MARCH 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

J Peel

Mrs M Peel

SECRETARY:

None Appointed

REGISTERED OFFICE:

Scotgate House

2 Scotgate Road

Honley

Holmfirth

West Yorkshire

HD9 6GD

REGISTERED NUMBER:

07257343 (England and Wales)

ACCOUNTANTS:

STEAD ROBINSON

Chartered Accountants

Scotgate House

2 Scotgate Road

Honley

Holmfirth

HD9 6GD

FIXED ASSETS

Tangible assets

2

27,302

17,534

CURRENT ASSETS

Stocks

137,180

144,448

Debtors

8,604

9,571

Cash at bank

25,786

34,271

171,570

188,290

CREDITORS

Amounts falling due within one year

183,388

204,211

NET CURRENT LIABILITIES

(11,818

)

(15,921

)

TOTAL ASSETS LESS CURRENT LIABILITIES

15,484

1,613

CREDITORS

Amounts falling due after more than one year

13,639

-

NET ASSETS

1,845

1,613

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

1,843

1,611

SHAREHOLDERS' FUNDS

1,845

1,613

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 11 December 2014 and were signed on its behalf by:

Mrs M Peel - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, 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.

Plant and machinery etc

-

25% on cost and 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

33,197

Additions

25,487

Disposals

(14,080

)

At 31 March 2014

44,604

DEPRECIATION

At 1 April 2013

15,663

Charge for year

9,852

Eliminated on disposal

(8,213

)

At 31 March 2014

17,302

NET BOOK VALUE

At 31 March 2014

27,302

At 31 March 2013

17,534

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

2

Ordinary

£1

2

2