Peter Young Design Limited - Abbreviated accounts 16.1

Peter Young Design Limited - Abbreviated accounts 16.1


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REGISTERED NUMBER: 08998002(England and Wales)















Abbreviated Unaudited Accounts for the Year Ended 31 March 2016

for

Peter Young Design Limited

Peter Young Design Limited (Registered number: 08998002)






Contents of the Abbreviated Accounts
for the Year Ended 31 March 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

Peter Young Design Limited

Company Information
for the Year Ended 31 March 2016







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

Peter Young Design Limited (Registered number: 08998002)

Abbreviated Balance Sheet
31 March 2016

31.3.16 31.3.15
Notes £    £    £    £   
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 2
Profit and loss account 96,481 4,050
SHAREHOLDERS' FUNDS 96,483 4,052

Peter Young Design Limited (Registered number: 08998002)

Abbreviated Balance Sheet - continued
31 March 2016


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 2016and were signed by:





P G Young- Director


Peter Young Design Limited (Registered number: 08998002)

Notes to the Abbreviated Accounts
for the Year Ended 31 March 2016

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 2

Peter Young Design Limited (Registered number: 08998002)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 March 2016

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 )