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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
Page
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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
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P. & G. WELLS LIMITED Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
12,626 
16,834 
Current assets
Inventories
61,774 
66,413 
Debtors
5,480 
9,901 
Cash at bank and in hand
29,426 
18,206 
96,680 
94,520 
Creditors: amounts falling due within one year
(69,442)
(88,944)
Net current assets
27,238 
5,576 
Net assets
39,864 
22,410 
Capital and reserves
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
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P. & G. WELLS LIMITED Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
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.
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.
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.
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%
4
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 
Depreciation
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 
Net book value
At 31 March 2023
1,968 
10,060 
598 
12,626 
At 31 March 2022
2,624 
13,413 
797 
16,834 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
5,480 
9,901 
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P. & G. WELLS LIMITED Notes to the Accounts for the year ended 31 March 2023
6
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 
69,442 
88,944 
7
Loans to directors
At the year end amount owed to the director is NIL (2020: NIL)
8
Average number of employees
During the year the average number of employees was 21 (2022: 21).
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