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REGISTERED NUMBER: 06855543 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Pretloves Removal & Storage Service Ltd

Pretloves Removal & Storage Service Ltd (Registered number: 06855543)

Contents of the Financial Statements
for the Year Ended 31 March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Pretloves Removal & Storage Service Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mr A C Pretlove
Mrs A T Pretlove-Redmond





SECRETARY: Mrs A T Pretlove-Redmond





REGISTERED OFFICE: Lewis House
Great Chesterford Court
Great Chesterford
Essex
CB10 1PF





BUSINESS ADDRESS: Woodside Industrial Estate
Woodside
Epping
Essex
CM16 6LJ





REGISTERED NUMBER: 06855543 (England and Wales)

Pretloves Removal & Storage Service Ltd (Registered number: 06855543)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 185,131 140,186
185,131 140,186

CURRENT ASSETS
Stocks 5,826 5,312
Debtors 7 81,868 163,778
Cash at bank 390,292 401,099
477,986 570,189
CREDITORS
Amounts falling due within one year 8 264,297 396,602
NET CURRENT ASSETS 213,689 173,587
TOTAL ASSETS LESS CURRENT
LIABILITIES

398,820

313,773

CREDITORS
Amounts falling due after more than one
year

9

-

(21,574

)

PROVISIONS FOR LIABILITIES (29,600 ) (16,943 )
NET ASSETS 369,220 275,256

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 369,020 275,056
SHAREHOLDERS' FUNDS 369,220 275,256

Pretloves Removal & Storage Service Ltd (Registered number: 06855543)

Balance Sheet - continued
31 March 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

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 25 October 2023 and were signed on its behalf by:




Mr A C Pretlove - Director



Mrs A T Pretlove-Redmond - Director


Pretloves Removal & Storage Service Ltd (Registered number: 06855543)

Notes to the Financial Statements
for the Year Ended 31 March 2023


1. STATUTORY INFORMATION

Pretloves Removal & Storage Service Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Going concern
The Directors have assessed the current and future effects of COVID-19 on the Company. The Company was able to continue to trade during the pandemic, on this basis, the Directors consider it appropriate to prepare the financial statements on a going concern basis.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, has been amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - 25% on reducing balance
Plant and machinery etc - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instruments.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes, in effect, a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.


Pretloves Removal & Storage Service Ltd (Registered number: 06855543)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


3. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year 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.

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 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2022 - 29 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 90,000
AMORTISATION
At 1 April 2022
and 31 March 2023 90,000
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

Pretloves Removal & Storage Service Ltd (Registered number: 06855543)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


6. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2022 17,076 606,072 623,148
Additions - 111,089 111,089
Disposals - (43,873 ) (43,873 )
At 31 March 2023 17,076 673,288 690,364
DEPRECIATION
At 1 April 2022 5,769 477,193 482,962
Charge for year 2,827 58,889 61,716
Eliminated on disposal - (39,445 ) (39,445 )
At 31 March 2023 8,596 496,637 505,233
NET BOOK VALUE
At 31 March 2023 8,480 176,651 185,131
At 31 March 2022 11,307 128,879 140,186

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

Plant and
machinery
etc
£   
COST
At 1 April 2022
and 31 March 2023 103,034
DEPRECIATION
At 1 April 2022 45,078
Charge for year 14,490
At 31 March 2023 59,568
NET BOOK VALUE
At 31 March 2023 43,466
At 31 March 2022 57,956

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 71,987 61,279
Other debtors 9,881 102,499
81,868 163,778

Pretloves Removal & Storage Service Ltd (Registered number: 06855543)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued

Other debtors consists of prepayments totalling £7,672 (2022 - £94,186), accrued income totalling £nil (2022 - £3,088), and other debtors totalling £2,209 (2022 - £5,225).

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 2,102 24,474
Hire purchase contracts (see note 10) 17,744 20,721
Trade creditors 72,731 142,156
Taxation and social security 118,915 154,976
Other creditors 52,805 54,275
264,297 396,602

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 3,830
Hire purchase contracts (see note 10) - 17,744
- 21,574

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 17,744 20,721
Between one and five years - 17,744
17,744 38,465

Non-cancellable operating leases
2023 2022
£    £   
Within one year 93,000 93,000