Company registration number 06493641 (England and Wales)
PESTFORCE DERBYSHIRE LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023
PAGES FOR FILING WITH REGISTRAR
PESTFORCE DERBYSHIRE LTD
COMPANY INFORMATION
Director
Mr D Cowley
Secretary
Mrs D Cowley
Company number
06493641
Registered office
66 Manvers Road
Beighton
Sheffield
South Yorkshire
S20 1AY
Accountants
Brearley & Co Accountants Limited
39/43 Bridge Street
Swinton
Mexborough
South Yorkshire
S64 8AP
Business address
66 Manvers Road
Beighton
Sheffield
South Yorkshire
S20 1AY
PESTFORCE DERBYSHIRE LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
PESTFORCE DERBYSHIRE LTD
BALANCE SHEET
AS AT
28 FEBRUARY 2023
28 February 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
4
3,922
4,919
Current assets
Debtors
5
210
2,650
Creditors: amounts falling due within one year
6
(7,632)
(8,593)
Net current liabilities
(7,422)
(5,943)
Total assets less current liabilities
(3,500)
(1,024)
Creditors: amounts falling due after more than one year
7
(41,501)
(48,414)
Net liabilities
(45,001)
(49,438)
Capital and reserves
Called up share capital
8
100
100
Profit and loss reserves
(45,101)
(49,538)
Total equity
(45,001)
(49,438)

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 21 November 2023
Mr D Cowley
Director
Company Registration No. 06493641
PESTFORCE DERBYSHIRE LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023
- 2 -
1
Accounting policies
Company information

Pestforce Derbyshire Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 66 Manvers Road, Beighton, Sheffield, South Yorkshire, S20 1AY.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents amounts receivable for goods and services net of trade discounts.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery
15% Reducing balance
Fixtures, fittings & equipment
20% Reducing balance
Computer equipment
33% Reducing balance
Motor vehicles
25% Reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

PESTFORCE DERBYSHIRE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2023
1
Accounting policies
(Continued)
- 3 -

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

 

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

1.6

Going Concern

The company meets its day to day working capital requirements through the continued support of its director.

PESTFORCE DERBYSHIRE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2023
- 4 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
2
2
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 March 2022 and 28 February 2023
34,187
Depreciation and impairment
At 1 March 2022
29,268
Depreciation charged in the year
997
At 28 February 2023
30,265
Carrying amount
At 28 February 2023
3,922
At 28 February 2022
4,919
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
-
0
2,650
Other debtors
210
-
0
210
2,650

Other debtors consists of prepayments £210 (2022 - £Nil)

PESTFORCE DERBYSHIRE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2023
- 5 -
6
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
990
906
Other creditors
6,642
7,687
7,632
8,593

Other creditors of £6,642 (2022 - £7,687) includes director's loan account £4,107 (2022 - £5,156), accruals £1,577 (2022 - £1,529) and third party loan £958 (2022 - £1,002)

7
Creditors: amounts falling due after more than one year
2023
2022
£
£
Other creditors
41,501
48,414

Other creditors of £41,501 (2022 - £48,414) includes £39,000 (2022 - £45,000) directors loan account and £2,501 (2022 - £3,414) third party loan.

8
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary Shares of £1 each
100
100
100
100
2023-02-282022-03-01false22 November 2023CCH SoftwareCCH Accounts Production 2023.300No description of principal activityMr D CowleyMrs D Cowleyfalse064936412022-03-012023-02-2806493641bus:Director12022-03-012023-02-2806493641bus:CompanySecretaryDirector12022-03-012023-02-2806493641bus:CompanySecretary12022-03-012023-02-2806493641bus:RegisteredOffice2022-03-012023-02-28064936412023-02-28064936412022-02-2806493641core:OtherPropertyPlantEquipment2023-02-2806493641core:OtherPropertyPlantEquipment2022-02-2806493641core:CurrentFinancialInstrumentscore:WithinOneYear2023-02-2806493641core:CurrentFinancialInstrumentscore:WithinOneYear2022-02-2806493641core:CurrentFinancialInstruments2023-02-2806493641core:CurrentFinancialInstruments2022-02-2806493641core:Non-currentFinancialInstruments2023-02-2806493641core:Non-currentFinancialInstruments2022-02-2806493641core:ShareCapital2023-02-2806493641core:ShareCapital2022-02-2806493641core:RetainedEarningsAccumulatedLosses2023-02-2806493641core:RetainedEarningsAccumulatedLosses2022-02-2806493641core:PlantMachinery2022-03-012023-02-2806493641core:FurnitureFittings2022-03-012023-02-2806493641core:ComputerEquipment2022-03-012023-02-2806493641core:MotorVehicles2022-03-012023-02-28064936412021-03-012022-02-2806493641core:OtherPropertyPlantEquipment2022-02-2806493641core:OtherPropertyPlantEquipment2022-03-012023-02-2806493641core:WithinOneYear2023-02-2806493641core:WithinOneYear2022-02-2806493641bus:PrivateLimitedCompanyLtd2022-03-012023-02-2806493641bus:SmallCompaniesRegimeForAccounts2022-03-012023-02-2806493641bus:FRS1022022-03-012023-02-2806493641bus:AuditExemptWithAccountantsReport2022-03-012023-02-2806493641bus:FullAccounts2022-03-012023-02-28xbrli:purexbrli:sharesiso4217:GBP