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P & D BOND KITCHEN FITTERS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28TH FEBRUARY 2023






P & D BOND KITCHEN FITTERS LIMITED (REGISTERED NUMBER: 07963867)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28TH FEBRUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 9

P & D BOND KITCHEN FITTERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28TH FEBRUARY 2023







DIRECTORS: P J Bond
D P Bond





REGISTERED OFFICE: Charter House
103-105 Leigh Road
Leigh-on-Sea
Essex
SS9 1JL





REGISTERED NUMBER: 07963867 (England and Wales)





ACCOUNTANTS: Clouders
Chartered Certified Accountants
Charter House
103-105 Leigh Road
Leigh-on-Sea
Essex
SS9 1JL

P & D BOND KITCHEN FITTERS LIMITED (REGISTERED NUMBER: 07963867)

BALANCE SHEET
28TH FEBRUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 47,693 34,529
47,693 34,529

CURRENT ASSETS
Debtors 6 131,643 81,623
Cash at bank 276 2,663
131,919 84,286
CREDITORS
Amounts falling due within one year 7 93,811 80,832
NET CURRENT ASSETS 38,108 3,454
TOTAL ASSETS LESS CURRENT
LIABILITIES

85,801

37,983

CREDITORS
Amounts falling due after more than
one year

8

(36,520

)

(32,982

)

PROVISIONS FOR LIABILITIES (5,955 ) (3,282 )
NET ASSETS 43,326 1,719

CAPITAL AND RESERVES
Called up share capital 4 3
Retained earnings 43,322 1,716
SHAREHOLDERS' FUNDS 43,326 1,719

P & D BOND KITCHEN FITTERS LIMITED (REGISTERED NUMBER: 07963867)

BALANCE SHEET - continued
28TH FEBRUARY 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 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 29th November 2023 and were signed on its behalf by:




P J Bond - Director



D P Bond - Director


P & D BOND KITCHEN FITTERS LIMITED (REGISTERED NUMBER: 07963867)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28TH FEBRUARY 2023

1. STATUTORY INFORMATION

P & D Bond Kitchen Fitters 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 represents net invoiced sales of goods and services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

P & D BOND KITCHEN FITTERS LIMITED (REGISTERED NUMBER: 07963867)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28TH FEBRUARY 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st March 2022
and 28th February 2023 31,226
AMORTISATION
At 1st March 2022
and 28th February 2023 31,226
NET BOOK VALUE
At 28th February 2023 -
At 28th February 2022 -

P & D BOND KITCHEN FITTERS LIMITED (REGISTERED NUMBER: 07963867)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28TH FEBRUARY 2023

5. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1st March 2022 12,559 11,916 59,136 2,531 86,142
Additions - - 35,375 125 35,500
Disposals - - (19,980 ) - (19,980 )
At 28th February 2023 12,559 11,916 74,531 2,656 101,662
DEPRECIATION
At 1st March 2022 - 11,104 38,194 2,315 51,613
Charge for year - 203 11,447 150 11,800
Eliminated on disposal - - (9,444 ) - (9,444 )
At 28th February 2023 - 11,307 40,197 2,465 53,969
NET BOOK VALUE
At 28th February 2023 12,559 609 34,334 191 47,693
At 28th February 2022 12,559 812 20,942 216 34,529

P & D BOND KITCHEN FITTERS LIMITED (REGISTERED NUMBER: 07963867)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28TH FEBRUARY 2023

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1st March 2022 19,980
Additions 35,375
Disposals (19,980 )
At 28th February 2023 35,375
DEPRECIATION
At 1st March 2022 9,444
Charge for year 8,844
Eliminated on disposal (9,444 )
At 28th February 2023 8,844
NET BOOK VALUE
At 28th February 2023 26,531
At 28th February 2022 10,536

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2023 2022
£    £   
Trade debtors 71,944 67,945
Other debtors 59,699 13,678
131,643 81,623

P & D BOND KITCHEN FITTERS LIMITED (REGISTERED NUMBER: 07963867)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28TH FEBRUARY 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2023 2022
£    £   
Bank loans and overdrafts 39,589 17,546
Hire purchase contracts 4,010 4,565
Trade creditors 10,913 -
Taxation and social security 37,470 31,330
Other creditors 1,829 27,391
93,811 80,832

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR
2023 2022
£    £   
Bank loans 21,814 31,460
Hire purchase contracts 14,706 1,522
36,520 32,982

9. ULTIMATE CONTROLLING PARTY

The controlling party is P J Bond.

P & D BOND KITCHEN FITTERS LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
P & D BOND KITCHEN FITTERS LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 28th February 2023 set out on pages three to ten and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Clouders
Chartered Certified Accountants
Charter House
103-105 Leigh Road
Leigh-on-Sea
Essex
SS9 1JL


Date: .............................................