7 false false false false false false false false false false true false false false false false true No description of principal activity 2022-05-01 Sage Accounts Production Advanced 2023 - FRS102_2023 46,567 23,344 9,313 32,657 13,910 23,223 xbrli:pure xbrli:shares iso4217:GBP 11963457 2022-05-01 2023-04-30 11963457 2023-04-30 11963457 2022-04-30 11963457 2021-05-01 2022-04-30 11963457 2022-04-30 11963457 2021-04-30 11963457 core:PlantMachinery 2022-05-01 2023-04-30 11963457 bus:Director1 2022-05-01 2023-04-30 11963457 core:PlantMachinery 2022-04-30 11963457 core:PlantMachinery 2023-04-30 11963457 core:AfterOneYear 2023-04-30 11963457 core:AfterOneYear 2022-04-30 11963457 core:WithinOneYear 2023-04-30 11963457 core:WithinOneYear 2022-04-30 11963457 core:ShareCapital 2023-04-30 11963457 core:ShareCapital 2022-04-30 11963457 core:RetainedEarningsAccumulatedLosses 2023-04-30 11963457 core:RetainedEarningsAccumulatedLosses 2022-04-30 11963457 core:PlantMachinery 2022-04-30 11963457 bus:SmallEntities 2022-05-01 2023-04-30 11963457 bus:AuditExemptWithAccountantsReport 2022-05-01 2023-04-30 11963457 bus:SmallCompaniesRegimeForAccounts 2022-05-01 2023-04-30 11963457 bus:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 11963457 bus:FullAccounts 2022-05-01 2023-04-30
COMPANY REGISTRATION NUMBER: 11963457
PRESTON PARK FOODS LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
30 April 2023
PRESTON PARK FOODS LIMITED
STATEMENT OF FINANCIAL POSITION
30 April 2023
2023
2022
Note
£
£
£
FIXED ASSETS
Tangible assets
5
13,910
23,223
CURRENT ASSETS
Stocks
1,400
800
Cash at bank and in hand
69,532
33,828
--------
--------
70,932
34,628
CREDITORS: amounts falling due within one year
6
( 47,418)
( 67,180)
--------
--------
NET CURRENT ASSETS/(LIABILITIES)
23,514
( 32,552)
--------
--------
TOTAL ASSETS LESS CURRENT LIABILITIES
37,424
( 9,329)
CREDITORS: amounts falling due after more than one year
7
( 36,689)
( 45,563)
--------
--------
NET ASSETS/(LIABILITIES)
735
( 54,892)
--------
--------
CAPITAL AND RESERVES
Called up share capital
1
1
Profit and loss account
734
( 54,893)
----
--------
SHAREHOLDERS FUNDS/(DEFICIT)
735
( 54,892)
----
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
PRESTON PARK FOODS LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
30 April 2023
These financial statements were approved by the board of directors and authorised for issue on 30 October 2023 , and are signed on behalf of the board by:
J M Phillips
Director
Company registration number: 11963457
PRESTON PARK FOODS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 APRIL 2023
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 20 - 22 Bridge End, Leeds, LS1 4DJ, United Kingdom.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover comprises revenue recognised by the company in respect of goods supplied, exclusive of Value Added Tax.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
20% straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 7 (2022: 6 ).
5. TANGIBLE ASSETS
Plant and machinery
£
Cost
At 1 May 2022 and 30 April 2023
46,567
--------
Depreciation
At 1 May 2022
23,344
Charge for the year
9,313
--------
At 30 April 2023
32,657
--------
Carrying amount
At 30 April 2023
13,910
--------
At 30 April 2022
23,223
--------
6. CREDITORS: amounts falling due within one year
2023
2022
£
£
Social security and other taxes
231
93
Other creditors
47,187
67,087
--------
--------
47,418
67,180
--------
--------
7. CREDITORS: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
36,689
45,563
--------
--------