Company Registration No. 04783219 (England and Wales)
Peter Skop Associates Limited
Unaudited accounts
for the year ended 31 March 2017
Peter Skop Associates Limited
Unaudited accounts
Contents
Peter Skop Associates Limited
Company Information
for the year ended 31 March 2017
Company Number
04783219 (England and Wales)
Registered Office
1 Hammersmith Close
St James Park
Radcliffe on Trent
Nottingham
NG12 2NQ
Accountants
Select Accountancy Ltd FFA/FIPA FFTA
11 Chapel Lane
Arnold
Nottingham
NG5 7DR
Peter Skop Associates Limited
Statement of financial position
as at 31 March 2017
Tangible assets
3,168
3,789
Cash at bank and in hand
11,066
8,109
Creditors: amounts falling due within one year
(33,254)
(29,406)
Net current liabilities
(14,367)
(9,198)
Net liabilities
(11,199)
(5,409)
Called up share capital
2
2
Profit and loss account
(11,201)
(5,411)
Shareholders' funds
(11,199)
(5,409)
For the year ending 31 March 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 9 August 2017.
Peter Skop
Director
Company Registration No. 04783219
Peter Skop Associates Limited
Notes to the Accounts
for the year ended 31 March 2017
Peter Skop Associates Limited is a private company, limited by shares, registered in England and Wales, registration number 04783219. The registered office and principal place of business is 1 Hammersmith Close, St James Park, Radcliffe on Trent, Nottingham, NG12 2NQ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 March 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
Computer equipment
25% Reducing Balance
Peter Skop Associates Limited
Notes to the Accounts
for the year ended 31 March 2017
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2016
9,380
8,772
18,152
At 31 March 2017
9,689
8,897
18,586
At 1 April 2016
6,788
7,575
14,363
Charge for the year
725
330
1,055
At 31 March 2017
7,513
7,905
15,418
At 31 March 2017
2,176
992
3,168
At 31 March 2016
2,592
1,197
3,789
Trade debtors
7,722
11,984
Accrued income and prepayments
99
115
6
Creditors: amounts falling due within one year
2017
2016
Corporation tax
7,748
8,953
Other taxes and social security costs
4,114
6,084
Loans from directors
17,480
13,585
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
8
Average number of employees
During the year the average number of employees was 1 (2016: 1).
