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REGISTERED NUMBER: 09885537















P A CREMIN LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022






P A CREMIN LTD (REGISTERED NUMBER: 09885537)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


P A CREMIN LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2022







DIRECTORS: Mr P A Cremin
Mrs S M Cremin





SECRETARY: Mr P A Cremin





REGISTERED OFFICE: Thorn Green Farm
Thorn
Dunstable
Bedfordshire
LU5 6JH





REGISTERED NUMBER: 09885537





ACCOUNTANTS: Higginson & Co (UK) Ltd
3 Kensworth Gate
200 - 204 High Street South
Dunstable
Bedfordshire
LU6 3HS

P A CREMIN LTD (REGISTERED NUMBER: 09885537)

BALANCE SHEET
31 MARCH 2022

31.3.22 31.3.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,361 1,823

CURRENT ASSETS
Debtors 5 46,747 27,201
Cash at bank 103,568 101,723
150,315 128,924
CREDITORS
Amounts falling due within one year 6 48,843 18,083
NET CURRENT ASSETS 101,472 110,841
TOTAL ASSETS LESS CURRENT
LIABILITIES

102,833

112,664

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 102,733 112,564
SHAREHOLDERS' FUNDS 102,833 112,664

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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.

P A CREMIN LTD (REGISTERED NUMBER: 09885537)

BALANCE SHEET - continued
31 MARCH 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 September 2022 and were signed on its behalf by:





Mr P A Cremin - Director


P A CREMIN LTD (REGISTERED NUMBER: 09885537)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022


1. STATUTORY INFORMATION

P A Cremin Ltd is a private company, limited by shares , registered in Not specified/Other. 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

P A CREMIN LTD (REGISTERED NUMBER: 09885537)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022


4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2021 7,118 401 7,519
Additions - 141 141
At 31 March 2022 7,118 542 7,660
DEPRECIATION
At 1 April 2021 5,429 267 5,696
Charge for year 422 181 603
At 31 March 2022 5,851 448 6,299
NET BOOK VALUE
At 31 March 2022 1,267 94 1,361
At 31 March 2021 1,689 134 1,823

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Trade debtors 1,558 -
Other debtors 43,608 25,920
VAT 814 770
Deferred tax asset 152 155
Prepayments and accrued income 615 356
46,747 27,201

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Trade creditors 7,972 5,893
Corporation tax 19,164 10,689
Directors' current accounts 20,270 64
Accruals and deferred income 1,437 1,437
48,843 18,083

P A CREMIN LTD (REGISTERED NUMBER: 09885537)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022


7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.22 31.3.21
value: £    £   
50 Ordinary £1.00 50 50
50 Ordinary A £1 50 50
100 100