Company registration number:
for the Year Ended
Peerless Fencing Limited
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Chartered
Accountants' Report to the
Director
on the Preparation of the Unaudited Statutory Accounts of Peerless Fencing Limited for the Year Ended 31 March 2016
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Peerless Fencing Limited for the year ended 31 March 2016 set out on pages from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of Peerless Fencing Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Peerless Fencing Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Peerless Fencing Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Peerless Fencing Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Peerless Fencing Limited. You consider that Peerless Fencing Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Peerless Fencing Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
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MJH Accountants Limited
21 October 2016
The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 6) have been prepared.
Peerless Fencing Limited
(Registration number: 01260855)
Abbreviated Balance Sheet at 31 March 2016
Note |
2016
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2015
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Fixed assets |
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Tangible fixed assets |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current assets |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Capital redemption reserve |
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Profit and loss account |
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Shareholders' funds |
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2
Peerless Fencing Limited
(Registration number: 01260855)
Abbreviated Balance Sheet at 31 March 2016
......... continued
Approved by the director on
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Mr C J Haigh
Director
3
Peerless Fencing Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued
Accounting policies |
Basis of preparation
Turnover
Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Depreciation method and rate |
Plant and machinery |
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Office equipment |
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Motor vehicles |
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Stock and work in progress
Deferred tax
Hire purchase and leasing
Peerless Fencing Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued
Financial instruments
Fixed assets |
Tangible assets
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Total
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Cost |
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At 1 April 2015 |
241,176 |
241,176 |
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Additions |
626 |
626 |
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Disposals |
(12,419) |
(12,419) |
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At 31 March 2016 |
229,383 |
229,383 |
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Amortisation |
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At 1 April 2015 |
237,319 |
237,319 |
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Charge for the year |
1,202 |
1,202 |
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Eliminated on disposals |
(12,419) |
(12,419) |
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At 31 March 2016 |
226,102 |
226,102 |
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Net book value |
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At 31 March 2016 |
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At 31 March 2015 |
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Creditors |
Creditors includes the following liabilities, on which security has been given by the company:
2016
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2015
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Amounts falling due within one year |
37,021 |
32,941 |
Peerless Fencing Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued
Share capital |
Allotted, called up and fully paid shares
2016 |
2015 |
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No. |
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No. |
£ |
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