Peek Associates Ltd - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 03519656 (England and Wales)

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2014

FOR

PEEK ASSOCIATES LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

PA Taylor

SECRETARY:

K Taylor

REGISTERED OFFICE:

Suite 13, The Granary

Hones Yard

1 Waverley Lane

Farnham

Surrey

GU9 8BB

REGISTERED NUMBER:

03519656 (England and Wales)

ACCOUNTANTS:

Maxwell & Co

Suite 13, The Granary

Hones Yard

1 Waverley Lane

Farnham

Surrey

GU9 8BB

FIXED ASSETS

Tangible assets

2

1,535

572

CURRENT ASSETS

Stocks

200

200

Debtors

215

2,746

Cash at bank

574

170

989

3,116

CREDITORS

Amounts falling due within one year

1,671

2,384

NET CURRENT (LIABILITIES)/ASSETS

(682

)

732

TOTAL ASSETS LESS CURRENT LIABILITIES

853

1,304

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

753

1,204

SHAREHOLDERS' FUNDS

853

1,304

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 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 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 director on 17 July 2014 and were signed by:

PA Taylor - 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

The turnover shown in the profit and loss account represents revenue recognised by the company in respect of

goods and services supplied during the period, exclusive of Value Added Tax and trade discounts.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

Office Equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

7,477

Additions

1,481

At 31 March 2014

8,958

DEPRECIATION

At 1 April 2013

6,905

Charge for year

518

At 31 March 2014

7,423

NET BOOK VALUE

At 31 March 2014

1,535

At 31 March 2013

572

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary

£1

100

100

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

As at the year end, P Taylor had an outstanding credit balance of £102 on his Director's current account (2013 -

£84).

5.	ULTIMATE CONTROLLING PARTY

The controlling party is PA Taylor.