Registered Number:11731726 |
For the year ended 31 December 2022
England and Wales
Unaudited Financial Statements
For the year ended 31 December 2022
Prewco Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Prewco Limited
Statement of Financial Position
2021
2022
2
94,777
235,223
8,850
41,387
3
136,164
244,073
Trade and other receivables |
7,361
520
4
369
Cash and cash equivalents |
507
1,027
7,730
Trade and other payables: amounts falling due within one |
year |
(240,855)
(173,532)
5
(233,125)
(172,505)
Net current liabilities
Total assets less current liabilities |
(36,341)
10,948
(36,341)
Net assets/liabilities
10,948
200
200
2,001
(711)
(38,542)
11,459
(36,341)
10,948
Shareholders' funds
For the year ended 31 December 2022 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
These financial statements were approved and authorised for issue by the Board on 05 October 2023 and were signed by: |
The notes form part of these financial statements |
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For the year ended 31 December 2022
Prewco Limited
Notes to the Financial Statements
Statutory Information
Prewco Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number |
11731726. |
Unit I, Encon Court
Owl Close
Northampton
Northamptonshire
NN3 6HZ
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain fixed assets. |
Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.
Financial Instruments
Financial instruments are recognised in the company's balance sheet when the company becomes party to the |
contractual provisions of the instrument. |
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction |
price. |
Basic financial liabilities |
Basic financial liabilities are initially recognised at transaction price unless the arrangement constitutes a financing |
transaction, where the debt instrument is measured at the present value of the future payments discounted at a |
market rate of interest. Financial liabilities classified as payable within one year are not amortised. |
Equity Instruments
Equity Instruments issued by the company are recorded at the proceeds received. Dividends payable on equity |
instruments are recognised once they are no longer at the discretion of the company. |
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For the year ended 31 December 2022
Prewco Limited
Notes to the Financial Statements Continued
235,223
1,118
(141,564)
94,777
94,777
235,223
The investment property has been valued at the balance sheet date by the director of the company at a fair value.
3. Investments held as fixed assets |
Shares in group |
and |
participating |
interests |
8,850
8,750
100
29,824
29,824
-
2,713
2,713
-
100
41,287
41,387
100
41,287
41,387
8,850
100
8,750
The investment is valued using values at a market price in an active market.
4. Trade and other receivables |
2021
2022
Prepayments and accrued income |
40
883
Amounts owed by directors |
-
2,114
480
4,364
7,361
520
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For the year ended 31 December 2022
Prewco Limited
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year |
2021
2022
Amounts owed to group undertaking and undertaking in which the |
company has a participating interest |
149,821
236,430
Taxation and social security |
1,526
2,564
Accruals and deferred income |
1,436
1,861
20,749
-
173,532
240,855
6. Directors advances and guarantees |
Loaned
Repaid
Interest
D Prew
DIRECTORS CURRENT ACCOUNT |
2,114
-
4,700
6,860
46
2,114
-
4,700
6,860
46
The director's loan account was unsecured and repayable on demand. Interest was paid at the rate of 2.00%.
7. Guarantees and other financial commitments |
At 31 December 2022 the company had annual commitments under non-cancellable operating leases as set out |
below: |
2021
2022
Operating leases which expire: |
455
745
455
745
8. Average number of persons employed |
During the year the average number of employees was 1 (2021 : 1)
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