Peter Young Design Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 08998002 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2016

for

Peter Young Design Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

P G Young

REGISTERED OFFICE:

1 Thorpe Road

St. Albans

Hertfordshire

AL1 1RF

REGISTERED NUMBER:

08998002 (England and Wales)

ACCOUNTANTS:

Euro Andertons LLP

39 Ludgate Hill

London

EC4M 7JN

FIXED ASSETS

Tangible assets

2

4,413

707

CURRENT ASSETS

Debtors

3

37,900

6,030

Cash at bank

92,072

7,501

129,972

13,531

CREDITORS

Amounts falling due within one year

37,160

10,045

NET CURRENT ASSETS

92,812

3,486

TOTAL ASSETS LESS CURRENT
LIABILITIES

97,225

4,193

PROVISIONS FOR LIABILITIES

742

141

NET ASSETS

96,483

4,052

CAPITAL AND RESERVES

Called up share capital

4

2

Profit and loss account

96,481

4,050

SHAREHOLDERS' FUNDS

96,483

4,052

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 21 December 2016 and were signed by:

P G Young - 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 January 2015).

Turnover

Turnover represents net invoiced sales of 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.

Computer equipment

-

straight line over 3 years

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 2015

1,060

Additions

5,738

At 31 March 2016

6,798

DEPRECIATION

At 1 April 2015

353

Charge for year

2,032

At 31 March 2016

2,385

NET BOOK VALUE

At 31 March 2016

4,413

At 31 March 2015

707

3.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

The aggregate total of debtors falling due after more than one year is £ 5,500

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

2

Ordianry

1

2

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 March 2016 and the period

ended 31 March 2015:

31.3.16

31.3.15

£

P G Young

Balance outstanding at start of year

(3,169

)

-

Amounts advanced

3,030

-

Amounts repaid

-

(3,169

)

Balance outstanding at end of year

(139

)

(3,169

)