PERKINS INDEPENDENT WINE TRADERS LTD - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 06890592 (England and Wales)

PERKINS INDEPENDENT WINE TRADERS LTD

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 APRIL 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

M Perkins

Mrs V Perkins

REGISTERED OFFICE:

34 Church Street

Appleby Magna

Swadlincote

Derbyshire

DE12 7BW

REGISTERED NUMBER:

06890592 (England and Wales)

ACCOUNTANTS:

Smart Bookkeeping & Business Services Ltd

t/a Smart Accountants

5 Enterprise House

Ashby Road

Coalville

Leicestershire

LE67 3LA

FIXED ASSETS

Tangible assets

2

1,994

2,973

CURRENT ASSETS

Stocks

42,500

37,146

Debtors

54,368

26,710

Cash at bank

25,014

25,321

121,882

89,177

CREDITORS

Amounts falling due within one year

102,005

78,870

NET CURRENT ASSETS

19,877

10,307

TOTAL ASSETS LESS CURRENT LIABILITIES

21,871

13,280

CAPITAL AND RESERVES

Called up share capital

3

10

10

Profit and loss account

21,861

13,270

SHAREHOLDERS' FUNDS

21,871

13,280

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 27 January 2015 and were signed on its behalf by:

M Perkins - 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

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2013

6,310

Additions

545

At 30 April 2014

6,855

DEPRECIATION

At 1 May 2013

3,337

Charge for year

1,524

At 30 April 2014

4,861

NET BOOK VALUE

At 30 April 2014

1,994

At 30 April 2013

2,973

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

10

Ordinary

1

10

10