Registration number:
for the
Year Ended
Peter Davis Limited
Contents
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Peter Davis Limited
(Registration number: 04609411)
Abbreviated Balance Sheet at 31 December 2015
Note |
2015
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2014
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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 (liabilities)/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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Profit and loss account |
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Shareholders' funds |
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Approved by the director on
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Mr PJ Davis
Director
1
Peter Davis Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015
......... continued
Accounting policies |
Basis of preparation
Turnover
Goodwill
Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.
Amortisation
Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows :
Asset class |
Amortisation method and rate |
Goodwill |
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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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Motors vehicles |
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Stock
Financial instruments
Peter Davis Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015
......... continued
Fixed assets |
Intangible assets
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Tangible assets
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Total
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Cost |
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At 1 January 2015 |
30,000 |
20,309 |
50,309 |
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Additions |
- |
5,000 |
5,000 |
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Disposals |
- |
(2,500) |
(2,500) |
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At 31 December 2015 |
30,000 |
22,809 |
52,809 |
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Depreciation |
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At 1 January 2015 |
30,000 |
13,768 |
43,768 |
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Charge for the year |
- |
2,085 |
2,085 |
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Eliminated on disposals |
- |
(1,094) |
(1,094) |
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At 31 December 2015 |
30,000 |
14,759 |
44,759 |
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Net book value |
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At 31 December 2015 |
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At 31 December 2014 |
- |
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Share capital |
Allotted, called up and fully paid shares
2015 |
2014 |
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No. |
£ |
No. |
£ |
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