PETRILLO LTD

Company Registration Number:
11225340 (England and Wales)

Unaudited statutory accounts for the year ended 28 February 2023

Period of accounts

Start date: 1 March 2022

End date: 28 February 2023

PETRILLO LTD

Contents of the Financial Statements

for the Period Ended 28 February 2023

Balance sheet
Additional notes
Balance sheet notes

PETRILLO LTD

Balance sheet

As at 28 February 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 0 2,722
Total fixed assets: 0 2,722
Current assets
Debtors: 4 18,084 24,000
Cash at bank and in hand: 691 527
Total current assets: 18,775 24,527
Creditors: amounts falling due within one year: 5 ( 4,742 ) ( 4,442 )
Net current assets (liabilities): 14,033 20,085
Total assets less current liabilities: 14,033 22,807
Creditors: amounts falling due after more than one year: 6 ( 9,667 ) ( 13,667 )
Total net assets (liabilities): 4,366 9,140
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 4,365 9,139
Total Shareholders' funds: 4,366 9,140

The notes form part of these financial statements

PETRILLO LTD

Balance sheet statements

For the year ending 28 February 2023 the company was entitled to exemption 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.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 24 October 2023
and signed on behalf of the board by:

Name: P. Petrillo
Status: Director

The notes form part of these financial statements

PETRILLO LTD

Notes to the Financial Statements

for the Period Ended 28 February 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: Fixtures, fittings and equipment over 4 years, Motor vehicles over 4 years.

    Other accounting policies

    Debtors - Short term debtors are measured at transaction price, less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.Creditors - Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.Taxation - A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.

PETRILLO LTD

Notes to the Financial Statements

for the Period Ended 28 February 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 0 1

PETRILLO LTD

Notes to the Financial Statements

for the Period Ended 28 February 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 March 2022 10,310 5,175 15,485
Additions
Disposals
Revaluations
Transfers
At 28 February 2023 10,310 5,175 15,485
Depreciation
At 1 March 2022 8,881 3,882 12,763
Charge for year 1,429 1,293 2,722
On disposals
Other adjustments
At 28 February 2023 10,310 5,175 15,485
Net book value
At 28 February 2023 0 0 0
At 28 February 2022 1,429 1,293 2,722

PETRILLO LTD

Notes to the Financial Statements

for the Period Ended 28 February 2023

4. Debtors

2023 2022
£ £
Other debtors 18,084 24,000
Total 18,084 24,000

PETRILLO LTD

Notes to the Financial Statements

for the Period Ended 28 February 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 4,000 4,000
Other creditors 742 442
Total 4,742 4,442

PETRILLO LTD

Notes to the Financial Statements

for the Period Ended 28 February 2023

6. Creditors: amounts falling due after more than one year note

2023 2022
£ £
Bank loans and overdrafts 9,667 13,667
Total 9,667 13,667