AG Peters Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 00421765 (England and Wales)

AG Peters Limited

Abbreviated Unaudited Accounts

for the Year Ended 30 June 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

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

2

9,050

CURRENT ASSETS

Stocks

3,230

4,672

Debtors

8,464

9,664

Cash at bank and in hand

21,922

21,315

33,616

35,651

CREDITORS

Amounts falling due within one year

1,120

1,200

NET CURRENT ASSETS

32,496

34,451

TOTAL ASSETS LESS CURRENT
LIABILITIES

41,546

43,501

CREDITORS

Amounts falling due after more than one
year

9,050

NET ASSETS

32,496

34,451

CAPITAL AND RESERVES

Called up share capital

3

9,271

Capital redemption reserve

14,479

Retained earnings

8,746

10,701

SHAREHOLDERS' FUNDS

32,496

34,451

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2016 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 1 March 2017 and were signed on its
behalf by:

AS Airey - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) 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 represents net invoiced sales of goods, excluding value added tax.

Stocks

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

obsolete and slow moving items.

Deferred tax

Deferred tax is recognised in respect of those timing differences that have originated but not reversed

at the balance sheet date subject to the assessment of their recoverability over the short to medium

term.

Investments

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

investments are not held for re-sale.

2.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 July 2015

and 30 June 2016

9,050

NET BOOK VALUE

At 30 June 2016

9,050

At 30 June 2015

9,050

The company's investments at the Balance Sheet date in the share capital of companies include the

following:

J Airey's Wine Stores Limited

Nature of business: Dormant company

%

Class of shares:

holding

Ordinary

100.00

2016

2015

£

Aggregate capital and reserves

9,050

3.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2016

2015

value:

£

9,271

Share capital

£1

9,271

4.	ULTIMATE PARENT COMPANY

Craggy Limited is regarded by the directors as being the company's ultimate parent company.