Peterborough Production Services Ltd - Accounts to registrar - small 17.2

REGISTERED NUMBER: 08799900 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016

FOR

PETERBOROUGH PRODUCTION SERVICES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

P J Howard

REGISTERED OFFICE:

Bryndon House

5/7 Berry Road

Newquay

Cornwall

TR7 1AD

REGISTERED NUMBER:

08799900 (England and Wales)

ACCOUNTANTS:

Whitakers

Chartered Accountants

Bryndon House

5/7 Berry Road

Newquay

Cornwall

TR7 1AD

FIXED ASSETS

Tangible assets

3

127

251

CURRENT ASSETS

Cash at bank

1,099

3,200

CREDITORS

Amounts falling due within one year

4

2,837

2,541

NET CURRENT (LIABILITIES)/ASSETS

(1,738

)

659

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,611

)

910

CAPITAL AND RESERVES

Called up share capital

360

360

Share premium

9,990

9,990

Retained earnings

(11,961

)

(9,440

)

SHAREHOLDERS' FUNDS

(1,611

)

910

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 21 September 2017 and were signed by:

P J Howard - Director

1.	STATUTORY INFORMATION

Peterborough Production Services Ltd is a private company, limited by shares , registered in England and Wales.

The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Going concern

These financial statements have been prepared on a going concern basis. However, this basis may not be

appropriate because at the balance sheet date the company had net liabilities of £1,791. However, included

within the creditors is an amount of £2,537 owing to Mr P J Howard, the director and shareholder of the

company. Mr Howard has indicated his ongoing support for the company.

3.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 January 2016

and 31 December 2016

374

DEPRECIATION

At 1 January 2016

123

Charge for year

124

At 31 December 2016

247

NET BOOK VALUE

At 31 December 2016

127

At 31 December 2015

251

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Directors' current accounts

2,537

2,060

Accrued expenses

300

481

2,837

2,541

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Consultancy fees of £nil (2015:£1,500) represent charges made to the company by its director, P J Howard, for

services he has carried out on the company's behalf.

6.	ULTIMATE CONTROLLING PARTY

The controlling party is P J Howard.