Company Registration No. 00614913 (England and Wales)
PLEASANCE & HARPER (HEREFORD) LIMITED
Unaudited accounts
for the year ended 31 January 2023
PLEASANCE & HARPER (HEREFORD) LIMITED
Unaudited accounts
Contents
PLEASANCE & HARPER (HEREFORD) LIMITED
Company Information
for the year ended 31 January 2023
Directors
Mark Harper
Sally Harper
Company Number
00614913 (England and Wales)
Registered Office
54 BROAD STREET
HEREFORD
HR4 9AB
Accountants
Walton & Harvey Limited
Office 8, North Courtyard
Woodlands
Bradley Stoke
Bristol
BS32 4NQ
PLEASANCE & HARPER (HEREFORD) LIMITED
Statement of financial position
as at 31 January 2023
Tangible assets
75,823
26,114
Inventories
1,364,000
1,340,052
Cash at bank and in hand
9,449
(7,405)
Creditors: amounts falling due within one year
(792,064)
(887,500)
Net current assets
581,385
459,052
Total assets less current liabilities
657,208
485,166
Creditors: amounts falling due after more than one year
(216,902)
(38,219)
Net assets
440,306
446,947
Called up share capital
18,000
18,000
Profit and loss account
422,306
428,947
Shareholders' funds
440,306
446,947
For the year ending 31 January 2023 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2023 and were signed on its behalf by
Mark Harper
Director
Company Registration No. 00614913
PLEASANCE & HARPER (HEREFORD) LIMITED
Notes to the Accounts
for the year ended 31 January 2023
PLEASANCE & HARPER (HEREFORD) LIMITED is a private company, limited by shares, registered in England and Wales, registration number 00614913. The registered office is 54 BROAD STREET, HEREFORD, HR4 9AB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% Straight Line
Computer equipment
20% Straight Line
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
5
Tangible fixed assets
Total
At 1 February 2022
172,698
At 31 January 2023
241,880
At 1 February 2022
146,584
Charge for the year
19,473
At 31 January 2023
166,057
PLEASANCE & HARPER (HEREFORD) LIMITED
Notes to the Accounts
for the year ended 31 January 2023
6
Transactions with related parties
During the year the company paid rent to a parent company which has a controlling interest in the company.
During the year there was a rent reduction, which was made on the basis that an external 3rd party had established that the rent the company had been paying was overcharged.
A total of rent reduction was made amounting to £23,000.
This was broken up as follows:
An in year adjustment was made for overcharged rent during the trading period ended 2022 of £8,750.
For the current trading period a rent reduction of £14,250 had been agreed by both parties.
7
Average number of employees
During the year the average number of employees was 10 (2022: 10).