Company Registration No. 01692512 (England and Wales)
P. & G. WELLS LIMITED
Unaudited accounts
for the year ended 31 March 2023
P. & G. WELLS LIMITED
Unaudited accounts
Contents
P. & G. WELLS LIMITED
Company Information
for the year ended 31 March 2023
Directors
Stephen Philip Scholey
William James Matthew Huntley
John Hugh Saumarez Smith
Crispin Heneage Drummond
Secretary
Power Secretaries Limited
Company Number
01692512 (England and Wales)
Registered Office
11 College Street
Winchester
Hampshire
SO23 9LZ
Accountants
Power Accountax Limited
Mailbox 3, Solent Business Centre
343 Millbrook Road West
Southampton
SO15 0HW
P. & G. WELLS LIMITED
Statement of financial position
as at 31 March 2023
Tangible assets
12,626
16,834
Cash at bank and in hand
29,426
18,206
Creditors: amounts falling due within one year
(69,442)
(88,944)
Net current assets
27,238
5,576
Called up share capital
2,159
2,159
Share premium
106,077
106,077
Profit and loss account
(68,372)
(85,826)
Shareholders' funds
39,864
22,410
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 19 October 2023 and were signed on its behalf by
Stephen Philip Scholey
Director
Company Registration No. 01692512
P. & G. WELLS LIMITED
Notes to the Accounts
for the year ended 31 March 2023
P. & G. WELLS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 01692512. The registered office is 11 College Street, Winchester, Hampshire, SO23 9LZ.
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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:
Motor vehicles
Reducing balance method 25%
Fixtures & fittings
Reducing balance method 25%
Computer equipment
Reducing balance method 25%
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Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2022
3,499
64,542
12,743
80,784
At 31 March 2023
3,499
64,542
12,743
80,784
At 1 April 2022
875
51,129
11,946
63,950
Charge for the year
656
3,353
199
4,208
At 31 March 2023
1,531
54,482
12,145
68,158
At 31 March 2023
1,968
10,060
598
12,626
At 31 March 2022
2,624
13,413
797
16,834
Amounts falling due within one year
P. & G. WELLS LIMITED
Notes to the Accounts
for the year ended 31 March 2023
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Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
43,769
63,222
Trade creditors
20,277
20,002
Taxes and social security
3,320
2,760
Other creditors
2,076
2,960
At the year end amount owed to the director is NIL (2020: NIL)
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Average number of employees
During the year the average number of employees was 21 (2022: 21).