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REGISTERED NUMBER: 04411579 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

Putterill's of Hertfordshire (Knebworth)
Limited

Putterill's of Hertfordshire (Knebworth)
Limited (Registered number: 04411579)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Putterill's of Hertfordshire (Knebworth)
Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: Mr R Stokes
Mrs T K Kosmalski





SECRETARY: Mr R Stokes





REGISTERED OFFICE: Lewis House
Great Chesterford Court
Great Chesterford
Essex
CB10 1PF





BUSINESS ADDRESS: 123 London Road
KNEBWORTH
Hertfordshire
SG3 6EX





REGISTERED NUMBER: 04411579 (England and Wales)

Putterill's of Hertfordshire (Knebworth)
Limited (Registered number: 04411579)

Balance Sheet
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 20,288 22,799
20,288 22,799

CURRENT ASSETS
Debtors 7 18,519 14,152
Cash at bank 180,944 216,238
199,463 230,390
CREDITORS
Amounts falling due within one year 8 114,362 102,468
NET CURRENT ASSETS 85,101 127,922
TOTAL ASSETS LESS CURRENT
LIABILITIES

105,389

150,721

CREDITORS
Amounts falling due after more than one
year

9

(19,920

)

(29,942

)

PROVISIONS FOR LIABILITIES (1,497 ) (1,861 )
NET ASSETS 83,972 118,918

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 83,968 118,914
SHAREHOLDERS' FUNDS 83,972 118,918

Putterill's of Hertfordshire (Knebworth)
Limited (Registered number: 04411579)

Balance Sheet - continued
30 June 2023


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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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 Board of Directors and authorised for issue on 22 November 2023 and were signed on its behalf by:




Mr R Stokes - Director



Mrs T K Kosmalski - Director


Putterill's of Hertfordshire (Knebworth)
Limited (Registered number: 04411579)

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


1. STATUTORY INFORMATION

Putterill's of Hertfordshire (Knebworth) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Improvements to property - over the remaining life of the lease
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instruments.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes, in effect, a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

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.


Putterill's of Hertfordshire (Knebworth)
Limited (Registered number: 04411579)

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


3. ACCOUNTING POLICIES - continued
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.

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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 9 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2022
and 30 June 2023 80,000
AMORTISATION
At 1 July 2022
and 30 June 2023 80,000
NET BOOK VALUE
At 30 June 2023 -
At 30 June 2022 -

Putterill's of Hertfordshire (Knebworth)
Limited (Registered number: 04411579)

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


6. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2022
and 30 June 2023 144,942
DEPRECIATION
At 1 July 2022 122,143
Charge for year 2,511
At 30 June 2023 124,654
NET BOOK VALUE
At 30 June 2023 20,288
At 30 June 2022 22,799

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 17,776 13,577
Other debtors 743 575
18,519 14,152

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,021 9,766
Trade creditors 22,806 12,199
Taxation and social security 16,703 18,330
Other creditors 64,832 62,173
114,362 102,468

Other creditors disclosed above consist of accrued expenses of £11,709 (2022 - £8,010), inter company loans of £51,728 (2022 - £51,728), directors' loan account balance of £265 (2022 - £1,110), credit card balance of £730 (2022 - £853) and unpaid employee and employer pension contributions of £400 (2022 - £472).

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 19,920 29,942

Putterill's of Hertfordshire (Knebworth)
Limited (Registered number: 04411579)

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


10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 24,516 -
Between one and five years 89,032 111,543
In more than five years 80,000 100,000
193,548 211,543