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REGISTERED NUMBER: 05734027 (England and Wales)










FINANCIAL STATEMENTS

FOR THE PERIOD 3RD MAY 2022 TO 30TH APRIL 2023

FOR

PEWTER SHEET COMPANY LIMITED

PEWTER SHEET COMPANY LIMITED (REGISTERED NUMBER: 05734027)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 3RD MAY 2022 TO 30TH APRIL 2023










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


PEWTER SHEET COMPANY LIMITED

COMPANY INFORMATION
FOR THE PERIOD 3RD MAY 2022 TO 30TH APRIL 2023







DIRECTORS: Miss S Griffiths
Miss L Griffiths



SECRETARY: Mrs L Griffiths



REGISTERED OFFICE: River Lee Road
Tyseley
BIRMINGHAM
West Midlands
B11 2JG



REGISTERED NUMBER: 05734027 (England and Wales)



ACCOUNTANTS: Michael Heaven & Associates Limited
Chartered Certified Accountants
47 Calthorpe Road
Edgbaston
BIRMINGHAM
B15 1TH



BANKERS: HSBC Bank PLC
35 College Street
Rotherham
South Yorkshire
S65 1AF



INCORPORATED: 8th March 2006

PEWTER SHEET COMPANY LIMITED (REGISTERED NUMBER: 05734027)

ABRIDGED BALANCE SHEET
30TH APRIL 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 13,057 15,726

CURRENT ASSETS
Stocks 1,050 480
Debtors 23,953 104,507
Cash at bank 69,877 31,233
94,880 136,220
CREDITORS
Amounts falling due within one year 39,726 95,816
NET CURRENT ASSETS 55,154 40,404
TOTAL ASSETS LESS CURRENT
LIABILITIES

68,211

56,130

CREDITORS
Amounts falling due after more than one
year

(24,112

)

(34,022

)

PROVISIONS FOR LIABILITIES 8 (3,461 ) (3,931 )
NET ASSETS 40,638 18,177

CAPITAL AND RESERVES
Called up share capital 9 10 10
Revaluation reserve 10 9,558 8,436
Retained earnings 31,070 9,731
SHAREHOLDERS' FUNDS 40,638 18,177

PEWTER SHEET COMPANY LIMITED (REGISTERED NUMBER: 05734027)

ABRIDGED BALANCE SHEET - continued
30TH APRIL 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30th April 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 30th April 2023 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the period ended 30th April 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 14th July 2023 and were signed on its behalf by:




Miss S Griffiths - Director



Miss L Griffiths - Director


PEWTER SHEET COMPANY LIMITED (REGISTERED NUMBER: 05734027)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 3RD MAY 2022 TO 30TH APRIL 2023


1. STATUTORY INFORMATION

Pewter Sheet Company 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents sales of goods net of VAT and trade discounts. Turnover is recognised when the goods are physically delivered to the customer.

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 - 15% reducing balance
Motor vehicles - 25% reducing balance
Fixtures and fittings - 25% reducing balance

Stocks
Stock is valued at the lower of cost and net realisable value. Cost is determined on a first in first out basis. Net realisable value represents estimated selling price less costs to complete and sell. Provision is made for slow moving, obsolete or damaged stock where the net realisable value is less than cost.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable and loans from banks and loans from related parties.

Taxation
Taxation for the period 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.

PEWTER SHEET COMPANY LIMITED (REGISTERED NUMBER: 05734027)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 3RD MAY 2022 TO 30TH APRIL 2023


2. ACCOUNTING POLICIES - continued

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 period 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.

Hire purchase and leasing commitments
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases.
The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments.

Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining
balance of the liability.

Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life.

Operating lease payments are recognised as an expense on a straight line basis over the lease term.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2022 - 1 ) .

PEWTER SHEET COMPANY LIMITED (REGISTERED NUMBER: 05734027)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 3RD MAY 2022 TO 30TH APRIL 2023


4. TANGIBLE FIXED ASSETS
Totals
£   
COST OR VALUATION
At 3rd May 2022 41,637
Additions 133
At 30th April 2023 41,770
DEPRECIATION
At 3rd May 2022 25,911
Charge for period 2,802
At 30th April 2023 28,713
NET BOOK VALUE
At 30th April 2023 13,057
At 2nd May 2022 15,726

Cost or valuation at 30th April 2023 is represented by:

Totals
£   
Valuation in 2017 18,964
Cost 22,806
41,770

PEWTER SHEET COMPANY LIMITED (REGISTERED NUMBER: 05734027)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 3RD MAY 2022 TO 30TH APRIL 2023


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST OR VALUATION
At 3rd May 2022 15,495
Transfer to ownership (15,495 )
At 30th April 2023 -
DEPRECIATION
At 3rd May 2022 11,620
Transfer to ownership (11,620 )
At 30th April 2023 -
NET BOOK VALUE
At 30th April 2023 -
At 2nd May 2022 3,875

5. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bounce back loan 9,911 9,666

Amounts falling due between one and two years:
Bounce back loan 10,162 9,911

Amounts falling due between two and five years:
Bounce back loan 13,950 24,111

PEWTER SHEET COMPANY LIMITED (REGISTERED NUMBER: 05734027)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 3RD MAY 2022 TO 30TH APRIL 2023


6. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year - 3,062

Non-cancellable operating leases
2023 2022
£    £   
Within one year 15,000 15,000

The total lease payments recognised as an expense during the year was £15,000

7. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   

There is an all monies fixed and floating debenture given to the bank over all assets of the company. This is to cover any bank loan outstanding and overdraft facilities.

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 3,461 3,931

PEWTER SHEET COMPANY LIMITED (REGISTERED NUMBER: 05734027)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 3RD MAY 2022 TO 30TH APRIL 2023


8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 3rd May 2022 3,931
Movement during the year (470 )
Balance at 30th April 2023 3,461

Provisions are recognised when the company has a legal or constructive obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle the obligation and the amount of the obligation can be reliably estimated.

Provisions are recognised at the best estimate of the amount required to settle the obligation at the reporting date.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
7 Ordinary A £1 7 7
1 Ordinary B £1 1 1
1 Ordinary C £1 1 1
1 Ordinary D £1 1 1
10 10

10. RESERVES
Revaluation
reserve
£   
At 3rd May 2022 8,436
Transfer excess depreciation
on revaluation (1,690 )
Transfer additional deferred
tax on revaluation 2,812

At 30th April 2023 9,558