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REGISTERED NUMBER: 06560431 (England and Wales)
























Unaudited Financial Statements

for the Year Ended 30 April 2023

for

Peter Fennell UPVC Specialist Limited

Peter Fennell UPVC Specialist Limited (Registered number: 06560431)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Peter Fennell UPVC Specialist Limited

Company Information
for the Year Ended 30 April 2023







Director: P Fennell





Secretary: Mrs K Fennell





Registered office: 89 Dinam Park
Ton Pentre
Rhondda Cynon Taff
Mid Glamorgan
CF41 7DY





Registered number: 06560431 (England and Wales)





Accountants: Curtis Bowden & Thomas Limited
Chartered Certified Accountants
101 Dunraven Street
Tonypandy
CF40 1AR

Peter Fennell UPVC Specialist Limited (Registered number: 06560431)

Balance Sheet
30 April 2023

30.4.23 30.4.22
Notes £    £    £    £   
Fixed assets
Intangible assets 4 - -
Tangible assets 5 25,467 31,497
25,467 31,497

Current assets
Stocks 25,000 10,000
Debtors 6 105,733 195,139
Cash at bank 249,157 233,186
379,890 438,325
Creditors
Amounts falling due within one year 7 189,643 266,999
Net current assets 190,247 171,326
Total assets less current liabilities 215,714 202,823

Creditors
Amounts falling due after more than one
year

8

(8,777

)

(14,873

)

Provisions for liabilities (3,871 ) (4,804 )
Net assets 203,066 183,146

Capital and reserves
Called up share capital 100 100
Retained earnings 202,966 183,046
Shareholders' funds 203,066 183,146

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Peter Fennell UPVC Specialist Limited (Registered number: 06560431)

Balance Sheet - continued
30 April 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 November 2023 and were signed by:





P Fennell - Director


Peter Fennell UPVC Specialist Limited (Registered number: 06560431)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. Statutory information

Peter Fennell UPVC Specialist 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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings -25% on reducing balance
Motor vehicles -25% on reducing balance
Computer equipment -25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Peter Fennell UPVC Specialist Limited (Registered number: 06560431)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

2. Accounting policies - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. Employees and directors

The average number of employees during the year was 6 (2022 - 6 ) .

4. Intangible fixed assets
Goodwill
£   
Cost
At 1 May 2022
and 30 April 2023 60,000
Amortisation
At 1 May 2022
and 30 April 2023 60,000
Net book value
At 30 April 2023 -
At 30 April 2022 -

5. Tangible fixed assets
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
Cost
At 1 May 2022 3,502 15,961 88,809 5,272 113,544
Additions 630 - - 1,403 2,033
At 30 April 2023 4,132 15,961 88,809 6,675 115,577
Depreciation
At 1 May 2022 1,887 14,593 61,326 4,241 82,047
Charge for year 442 342 6,871 408 8,063
At 30 April 2023 2,329 14,935 68,197 4,649 90,110
Net book value
At 30 April 2023 1,803 1,026 20,612 2,026 25,467
At 30 April 2022 1,615 1,368 27,483 1,031 31,497

Included in fixed assets,are assets held under hire purchase agreements with a written down value of £5,685. Accumulated depreciation charged to date amounted to £14,850
.

Peter Fennell UPVC Specialist Limited (Registered number: 06560431)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

6. Debtors: amounts falling due within one year
30.4.23 30.4.22
£    £   
Trade debtors 105,733 193,729
Other debtors - 1,410
105,733 195,139

7. Creditors: amounts falling due within one year
30.4.23 30.4.22
£    £   
Bank loans and overdrafts 3,851 3,851
Hire purchase contracts 2,206 3,540
Trade creditors 64,628 114,488
Taxation and social security 25,284 39,930
Other creditors 93,674 105,190
189,643 266,999

8. Creditors: amounts falling due after more than one year
30.4.23 30.4.22
£    £   
Hire purchase contracts - 2,206
Other creditors 8,777 12,667
8,777 14,873

9. Ultimate controlling party

Mr Peter Fennell who, together with his wife, owns 100% of the issued share capital of the company and is the ultimate controlling party.