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REGISTERED NUMBER: 01041195 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2022

for

Poundbridge Developments Limited

Poundbridge Developments Limited (Registered number: 01041195)






Contents of the Financial Statements
for the Year Ended 31 March 2022




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Poundbridge Developments Limited

Company Information
for the Year Ended 31 March 2022







DIRECTORS: Anne S Brown
Martin D Brown





SECRETARY: Anne S Brown





REGISTERED OFFICE: 1 Carlton Parade
Preston Road
Wembley
Middlesex
HA9 8NE





REGISTERED NUMBER: 01041195 (England and Wales)





ACCOUNTANTS: Preston Accountants Limited
Chartered Certified Accountants
1 Carlton Parade
Preston Road
Wembley
Middlesex
HA9 8NE

Poundbridge Developments Limited (Registered number: 01041195)

Statement of Financial Position
31 March 2022

31.3.22 31.3.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 25,014 30,869

CURRENT ASSETS
Stocks 5 71,850 9,336
Debtors 6 208,040 171,940
Prepayments and accrued income 3,375 3,375
Cash at bank and in hand 332,933 318,669
616,198 503,320
CREDITORS
Amounts falling due within one year 7 496,034 395,405
NET CURRENT ASSETS 120,164 107,915
TOTAL ASSETS LESS CURRENT
LIABILITIES

145,178

138,784

CAPITAL AND RESERVES
Called up share capital 8 50 50
Capital redemption reserve 50 50
Retained earnings 145,078 138,684
SHAREHOLDERS' FUNDS 145,178 138,784

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.

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 9 September 2022 and were signed on its behalf by:



Anne S Brown - Director


Poundbridge Developments Limited (Registered number: 01041195)

Notes to the Financial Statements
for the Year Ended 31 March 2022

1. STATUTORY INFORMATION

Poundbridge Developments 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 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 20% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Poundbridge Developments Limited (Registered number: 01041195)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Hire purchase contracts are capitalised and depreciated in the same manner as other tangible fixed assets. The related obligations, net of future finance charges, are included in creditors.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2021 - 12 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2021 1,200 1,088 51,127 21,206 74,621
Additions - - - 399 399
At 31 March 2022 1,200 1,088 51,127 21,605 75,020
DEPRECIATION
At 1 April 2021 722 642 29,024 13,364 43,752
Charge for year 96 89 4,421 1,648 6,254
At 31 March 2022 818 731 33,445 15,012 50,006
NET BOOK VALUE
At 31 March 2022 382 357 17,682 6,593 25,014
At 31 March 2021 478 446 22,103 7,842 30,869

5. STOCKS
31.3.22 31.3.21
£    £   
Work-in-progress 71,850 9,336

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Trade debtors 208,040 171,940

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Hire purchase contracts 6,065 8,579
Trade creditors 252,150 164,766
Taxation and social security 59,955 73,874
Other creditors 177,864 148,186
496,034 395,405

Poundbridge Developments Limited (Registered number: 01041195)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

8. CALLED UP SHARE CAPITAL


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