A&J PERRY LIMITED

Company Registration Number:
06297949 (England and Wales)

Unaudited abridged accounts for the year ended 29 June 2017

Period of accounts

Start date: 30 June 2016

End date: 29 June 2017

A&J PERRY LIMITED

Contents of the Financial Statements

for the Period Ended 29 June 2017

Balance sheet
Notes

A&J PERRY LIMITED

Balance sheet

As at 29 June 2017


Notes

2017

2016


£

£
Fixed assets
Intangible assets: 3 176,300 176,300
Tangible assets: 4 2,718 2,968
Investments:   0 0
Total fixed assets: 179,018 179,268
Current assets
Stocks: 0 0
Debtors:   0 0
Cash at bank and in hand: 51,164 42,200
Investments:   0 0
Total current assets: 51,164 42,200
Creditors: amounts falling due within one year: 5 (173,567) (169,674)
Net current assets (liabilities): (122,403) (127,474)
Total assets less current liabilities: 56,615 51,794
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Total net assets (liabilities): 56,615 51,794
Capital and reserves
Called up share capital: 200 200
Share premium account: 0 0
Revaluation reserve: 00
Other reserves: 0 0
Profit and loss account: 56,415 51,594
Shareholders funds: 56,615 51,794

The notes form part of these financial statements

A&J PERRY LIMITED

Balance sheet statements

For the year ending 29 June 2017 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 19 March 2018
and signed on behalf of the board by:

Name: A G Perry
Status: Director

The notes form part of these financial statements

A&J PERRY LIMITED

Notes to the Financial Statements

for the Period Ended 29 June 2017

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible fixed assets and depreciation policy

Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.Depreciation.Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value,over the useful economic life of that asset as follows:Fittings fixtures and equipment - 20% reducing balanceIf there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Intangible fixed assets and amortisation policy

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition overthe company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities ofthe acquired business.Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It isamortised on a straight line basis over its useful life. Where a reliable estimate of the useful life ofgoodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Other accounting policies

Defined contribution plansContributions to defined contribution plans are recognised as an expense in the period in which therelated service is provided. Prepaid contributions are recognised as an asset to the extent that theprepayment will lead to a reduction in future payments or a cash refund.When contributions are not expected to be settled wholly within 12 months of the end of the reportingdate in which the employees render the related service, the liability is measured on a discountedpresent value basis. The unwinding of the discount is recognised in finance costs in profit or loss in theperiod in which it arises.

A&J PERRY LIMITED

Notes to the Financial Statements

for the Period Ended 29 June 2017

2. Employees

2017 2016
Average number of employees during the period 2 2

A&J PERRY LIMITED

Notes to the Financial Statements

for the Period Ended 29 June 2017

3. Intangible Assets

Total
Cost £
At 30 June 2016 215,000
Additions 0
Disposals 0
Revaluations 0
Transfers 0
At 29 June 2017 215,000
Amortisation
At 30 June 2016 38,700
Charge for year 0
On disposals 0
Other adjustments 0
At 29 June 2017 38,700
Net book value
At 29 June 2017 176,300
At 29 June 2016 176,300

A&J PERRY LIMITED

Notes to the Financial Statements

for the Period Ended 29 June 2017

4. Tangible Assets

Total
Cost £
At 30 June 2016 9,883
Additions 429
Disposals 0
Revaluations 0
Transfers 0
At 29 June 2017 10,312
Depreciation
At 30 June 2016 6,915
Charge for year 679
On disposals 0
Other adjustments 0
At 29 June 2017 7,594
Net book value
At 29 June 2017 2,718
At 29 June 2016 2,968

A&J PERRY LIMITED

Notes to the Financial Statements

for the Period Ended 29 June 2017

5. Creditors: amounts falling due within one year note

29/06/17 29/06/16 £ £Bank loans and overdrafts 717 582Corporation tax 15,433 15,431Other creditors 157,417 153,661Total 173,567 169,674

A&J PERRY LIMITED

Notes to the Financial Statements

for the Period Ended 29 June 2017

6. Related party transactions

Name of the related party: A & J Perry
Relationship:
Directors
Description of the Transaction: The Directors provided loans to the company during the year charging interest at 10%. The balancedue to them at the year end was £146,933 (29 June 2016 - £144,383). This balance is included increditors falling due within one year. Dividends amounting to £57,000 (29 June 2016 - £54,500) werepaid to the Directors.
£
Balance at 30 June 2016 144,383
Balance at 29 June 2017 146,933