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Company Registration No. 07139691 (England and Wales)
C. Putnam and Sons Ltd Unaudited accounts for the year ended 31 March 2023
C. Putnam and Sons Ltd Unaudited accounts Contents
Page
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C. Putnam and Sons Ltd Company Information for the year ended 31 March 2023
Directors
Mr S C Putnam Mrs G M Hyde
Company Number
07139691 (England and Wales)
Registered Office
c/o Power Team Accountants Ltd The Limes, Bayshill Road Cheltenham GL30 3AW United Kingdom
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C. Putnam and Sons Ltd Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
9,408 
38,708 
Tangible assets
925,370 
897,686 
934,778 
936,394 
Current assets
Inventories
- 
14,000 
Debtors
562,554 
570,220 
Cash at bank and in hand
246,650 
195,830 
809,204 
780,050 
Creditors: amounts falling due within one year
(314,351)
(329,303)
Net current assets
494,853 
450,747 
Total assets less current liabilities
1,429,631 
1,387,141 
Creditors: amounts falling due after more than one year
(24,972)
(91,772)
Provisions for liabilities
Deferred tax
(232,117)
(224,421)
Net assets
1,172,542 
1,070,948 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
1,172,442 
1,070,848 
Shareholders' funds
1,172,542 
1,070,948 
For the year ending 31 March 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.
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 22 October 2023 and were signed on its behalf by
Mrs G M Hyde Director Company Registration No. 07139691
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C. Putnam and Sons Ltd Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
C. Putnam and Sons Ltd is a private company, limited by shares, registered in England and Wales, registration number 07139691. The registered office is c/o Power Team Accountants Ltd, The Limes, Bayshill Road, Cheltenham, GL30 3AW, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 10 years. For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit.
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:
Plant & machinery
20% on reducing balance
Motor vehicles
25% on reducing balance
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C. Putnam and Sons Ltd Notes to the Accounts for the year ended 31 March 2023
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2022
293,000 
At 31 March 2023
293,000 
Amortisation
At 1 April 2022
254,292 
Charge for the year
29,300 
At 31 March 2023
283,592 
Net book value
At 31 March 2023
9,408 
At 31 March 2022
38,708 
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2022
1,725,069 
4,217 
1,729,286 
Additions
272,650 
- 
272,650 
Disposals
(104,599)
- 
(104,599)
At 31 March 2023
1,893,120 
4,217 
1,897,337 
Depreciation
At 1 April 2022
828,445 
3,155 
831,600 
Charge for the year
206,742 
265 
207,007 
On disposals
(66,640)
- 
(66,640)
At 31 March 2023
968,547 
3,420 
971,967 
Net book value
At 31 March 2023
924,573 
797 
925,370 
At 31 March 2022
896,624 
1,062 
897,686 
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C. Putnam and Sons Ltd Notes to the Accounts for the year ended 31 March 2023
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
223 
4,751 
Trade debtors
494,677 
433,815 
Accrued income and prepayments
23,811 
11,371 
Other debtors
43,843 
120,283 
562,554 
570,220 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
60,442 
- 
Obligations under finance leases and hire purchase contracts
79,054 
87,738 
Trade creditors
40,381 
187,281 
Taxes and social security
54,510 
(2,631)
Other creditors
4,596 
- 
Loans from directors
52,076 
34,564 
Accruals
23,292 
22,351 
314,351 
329,303 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Obligations under finance leases and hire purchase contracts
24,972 
91,772 
9
Average number of employees
During the year the average number of employees was 9 (2022: 10).
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