AG Peters Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 00421765 (England and Wales)

AG Peters Limited

Unaudited Financial Statements

for the Year Ended 30 June 2017

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

AS Airey

Mrs JA Airey

SECRETARY:

AS Airey

REGISTERED OFFICE:

23a Westcliffe Drive

Blackpool

Lancashire

FY3 7BJ

REGISTERED NUMBER:

00421765 (England and Wales)

ACCOUNTANTS:

McMillan & Co LLP

Chartered Accountants

28 Eaton Avenue

Matrix Office Park

Buckshaw Village

Chorley

Lancashire

PR7 7NA

FIXED ASSETS

Investments

3

9,050

CURRENT ASSETS

Stocks

-

3,230

Debtors

4

3,347

8,464

Cash at bank and in hand

40,398

21,922

43,745

33,616

CREDITORS

Amounts falling due within one year

5

1,081

1,120

NET CURRENT ASSETS

42,664

32,496

TOTAL ASSETS LESS CURRENT
LIABILITIES

51,714

41,546

CREDITORS

Amounts falling due after more than one
year

6

9,050

NET ASSETS

42,664

32,496

CAPITAL AND RESERVES

Called up share capital

7

9,271

Capital redemption reserve

14,479

Retained earnings

18,914

8,746

SHAREHOLDERS' FUNDS

42,664

32,496

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 25 January 2018 and were signed on its
behalf by:

AS Airey - Director

1.	STATUTORY INFORMATION

AG Peters Limited 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.

Preparation of consolidated financial statements

The financial statements contain information about AG Peters Limited as an individual company and do not

contain consolidated financial information as the parent of a group. The company has taken the option

under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

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.

Investments in subsidiary undertakings

Investments in subsidiary undertakings are stated at cost due to the nature of the investment as such

investments are not held for re-sale.

3.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 July 2016

and 30 June 2017

9,050

NET BOOK VALUE

At 30 June 2017

9,050

At 30 June 2016

9,050

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

Amounts owed by group undertakings

3,342

3,904

VAT

5

-

Prepayments and sundry debtors

-

4,560

3,347

8,464

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

VAT

-

40

Accruals and deferred income

1,081

1,080

1,081

1,120

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

Amounts owed to group

undertakings

9,050

7.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2017

2016

value:

£

9,271

Share capital

£1

9,271

8.	RELATED PARTY DISCLOSURES

In the directors' opinion the company is controlled by Mr AS Airey and Mrs JA Airey, who are directors of the

company, by virtue of their shareholdings in the ultimate parent undertaking.