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REGISTERED NUMBER: 01041195 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Poundbridge Developments Limited

Poundbridge Developments Limited (Registered number: 01041195)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Poundbridge Developments Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Anne S Brown
Martin D Brown





SECRETARY: Anne S Brown





REGISTERED OFFICE: 1 Carlton Parade
Preston Road
Wembley
Middlesex
HA9 8NE





REGISTERED NUMBER: 01041195 (England and Wales)





ACCOUNTANTS: Preston Accountants Limited
Chartered Certified Accountants
1 Carlton Parade
Preston Road
Wembley
Middlesex
HA9 8NE

Poundbridge Developments Limited (Registered number: 01041195)

Statement of Financial Position
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 28,398 25,014

CURRENT ASSETS
Stocks 5 13,638 71,850
Debtors 6 196,437 208,040
Prepayments and accrued income 3,375 3,375
Cash at bank and in hand 472,269 332,933
685,719 616,198
CREDITORS
Amounts falling due within one year 7 567,091 496,034
NET CURRENT ASSETS 118,628 120,164
TOTAL ASSETS LESS CURRENT
LIABILITIES

147,026

145,178

CAPITAL AND RESERVES
Called up share capital 8 50 50
Capital redemption reserve 9 50 50
Retained earnings 9 146,926 145,078
SHAREHOLDERS' FUNDS 147,026 145,178

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.

Poundbridge Developments Limited (Registered number: 01041195)

Statement of Financial Position - continued
31 March 2023


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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 October 2023 and were signed on its behalf by:





Anne S Brown - Director


Poundbridge Developments Limited (Registered number: 01041195)

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

1. STATUTORY INFORMATION

Poundbridge Developments Limited 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.

2. ACCOUNTING POLICIES

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

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 20% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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 statement of financial position date.


Poundbridge Developments Limited (Registered number: 01041195)

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

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Hire purchase contracts are capitalised and depreciated in the same manner as other tangible fixed assets. The related obligations, net of future finance charges, are included in creditors.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 12 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 1,200 1,088 51,127 21,605 75,020
Additions - - - 10,483 10,483
At 31 March 2023 1,200 1,088 51,127 32,088 85,503
DEPRECIATION
At 1 April 2022 818 731 33,445 15,012 50,006
Charge for year 77 71 3,536 3,415 7,099
At 31 March 2023 895 802 36,981 18,427 57,105
NET BOOK VALUE
At 31 March 2023 305 286 14,146 13,661 28,398
At 31 March 2022 382 357 17,682 6,593 25,014

Poundbridge Developments Limited (Registered number: 01041195)

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

5. STOCKS
31.3.23 31.3.22
£    £   
Work-in-progress 13,638 71,850

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 196,437 208,040

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Hire purchase contracts 4,554 6,065
Trade creditors 232,718 248,868
Company credit card 2,215 3,282
Tax 56,693 43,392
PAYE 4,816 3,083
National Insurance 5,021 5,827
VAT 13,452 7,653
Proposed dividends 240,000 170,000
Pension Fund 2,529 2,526
Directors' loan accounts 5,093 5,338
567,091 496,034

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
100 Ordinary 1 50 50

9. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 April 2022 145,078 50 145,128
Profit for the year 241,848 241,848
Dividends (240,000 ) (240,000 )
At 31 March 2023 146,926 50 146,976