Peter Truin Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 07375089 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30 September 2013

for

Peter Truin Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

P G Truin

REGISTERED OFFICE:

Eldo House

Kempson Way

Suffolk Business Park

Bury St Edmunds

Suffolk

IP32 7AR

REGISTERED NUMBER:

07375089 (England and Wales)

ACCOUNTANTS:

Knights Lowe

Eldo House

Kempson Way

Suffolk Business Park

Bury St Edmunds

Suffolk

IP32 7AR

FIXED ASSETS

Tangible assets

2

152,139

122,478

CURRENT ASSETS

Stocks

150,252

148,832

Debtors

9,818

10,879

Cash at bank

110,878

31,237

270,948

190,948

CREDITORS

Amounts falling due within one year

3

185,024

183,521

NET CURRENT ASSETS

85,924

7,427

TOTAL ASSETS LESS CURRENT LIABILITIES

238,063

129,905

CREDITORS

Amounts falling due after more than one year

3

(9,533

)

-

PROVISIONS FOR LIABILITIES

(12,715

)

(6,483

)

NET ASSETS

215,815

123,422

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

215,715

123,322

SHAREHOLDERS' FUNDS

215,815

123,422

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2013 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 11 January 2014 and were signed by:

P G Truin - 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 and services, 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property

-

5% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

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.

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those

held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance

leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period.

The capital element of the future payments is treated as a liability.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2012

143,708

Additions

58,733

Disposals

(2,320

)

At 30 September 2013

200,121

DEPRECIATION

At 1 October 2012

21,230

Charge for year

28,093

Eliminated on disposal

(1,341

)

At 30 September 2013

47,982

NET BOOK VALUE

At 30 September 2013

152,139

At 30 September 2012

122,478

3.

CREDITORS

Creditors include an amount of £ 19,067 for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2013

2012

value:

£

£

100

Ordinary

£1

100

100