People First Trading Limited - Limited company - abbreviated - 11.9

People First Trading Limited - Limited company - abbreviated - 11.9

PEOPLE FIRST TRADING LIMITED - Company Information

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REGISTERED NUMBER: 06510900 (England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2015

FOR

PEOPLE FIRST TRADING LIMITED

PEOPLE FIRST TRADING LIMITED (REGISTERED NUMBER: 06510900)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

PEOPLE FIRST TRADING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2015







DIRECTORS: C Sheppard
Mrs K Sheppard





REGISTERED OFFICE: Mobility House
New Road
Burgh Road Trading Estate
Skegness
Lincolnshire
PE24 4UF





REGISTERED NUMBER: 06510900 (England and Wales)





ACCOUNTANTS: Russell Payne & Co Limited
Landmark House
1 Riseholme Road
Lincoln
Lincolnshire
LN1 3SN
Page 1
PEOPLE FIRST TRADING LIMITED (REGISTERED NUMBER: 06510900)

ABBREVIATED BALANCE SHEET
31 MARCH 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 45,500 49,000
Tangible assets 3 4,491 6,011
49,991 55,011

CURRENT ASSETS
Stocks 31,674 34,168
Debtors 2,976 2,171
Cash at bank and in hand 11,373 1,417
46,023 37,756
CREDITORS
Amounts falling due within one year 57,516 73,993
NET CURRENT LIABILITIES (11,493 ) (36,237 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
38,498
18,774

PROVISIONS FOR LIABILITIES 898 1,202
NET ASSETS 37,600 17,572

CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit and loss account 37,500 17,472
SHAREHOLDERS' FUNDS 37,600 17,572

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 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 notes form part of these abbreviated accounts

Page 2 continued...
PEOPLE FIRST TRADING LIMITED (REGISTERED NUMBER: 06510900)

ABBREVIATED BALANCE SHEET - continued
31 MARCH 2015


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 10 July 2015 and were signed on its behalf by:





Mrs K Sheppard - Director


The notes form part of these abbreviated accounts

Page 3
PEOPLE FIRST TRADING LIMITED (REGISTERED NUMBER: 06510900)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2015

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of twenty years.

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, 25% on reducing balance and 20% 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.

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. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2014
and 31 March 2015 70,000
AMORTISATION
At 1 April 2014 21,000
Amortisation for year 3,500
At 31 March 2015 24,500
NET BOOK VALUE

At 31 March 2015 45,500
At 31 March 2014 49,000

Page 4 continued...
PEOPLE FIRST TRADING LIMITED (REGISTERED NUMBER: 06510900)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 MARCH 2015

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2014
and 31 March 2015 33,778
DEPRECIATION
At 1 April 2014 27,767
Charge for year 1,520
At 31 March 2015 29,287
NET BOOK VALUE
At 31 March 2015 4,491
At 31 March 2014 6,011

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
100 Ordinary 1 100 100

Page 5