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REGISTERED NUMBER: 09315856 (England and Wales)

















Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Pelefon Ltd

Pelefon Ltd (Registered number: 09315856)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Pelefon Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mrs M P Dey
Mr R G Dey
Mr C Rhodes





REGISTERED OFFICE: Unit 10 Valley Court
Sanderson Way
Middlewich
CW10 0GF





REGISTERED NUMBER: 09315856 (England and Wales)





ACCOUNTANTS: Sterling Partners Limited
Chartered Accountants
Chartered Tax Advisors
2nd Floor, Grove House
774-780 Wilmslow Road
Didsbury
Manchester
Greater Manchester
M20 2DR

Pelefon Ltd (Registered number: 09315856)

Balance Sheet
31 March 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 - 2,884

CURRENT ASSETS
Stocks - 12,065
Debtors 5 18,143 18,226
Cash at bank 596 2,387
18,739 32,678
CREDITORS
Amounts falling due within one year 6 (367,848 ) (358,981 )
NET CURRENT LIABILITIES (349,109 ) (326,303 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(349,109

)

(323,419

)

CREDITORS
Amounts falling due after more than one
year

7

(21,667

)

(31,667

)

PROVISIONS FOR LIABILITIES - (548 )
NET LIABILITIES (370,776 ) (355,634 )

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings (370,976 ) (355,834 )
(370,776 ) (355,634 )

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.

Pelefon Ltd (Registered number: 09315856)

Balance Sheet - 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 December 2023 and were signed on its behalf by:





Mr R G Dey - Director


Pelefon Ltd (Registered number: 09315856)

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

1. STATUTORY INFORMATION

Pelefon Ltd 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
At 31st March 2023 the company had net current liabilities of £349,109, and total net liabilities of £370,776. The company relies on the loan funding provided by its investors. The director is of the opinion that it is appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that would result from a withdrawal of support by its investors.

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.

Fixtures and Fittings - 15% Reducing Balance
Computer Equipment - 15% Reducing Balance
Motor Vehicles - 20% 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 1 ) .

Pelefon Ltd (Registered number: 09315856)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2022 4,714 2,000 260 6,974
Disposals (4,714 ) (2,000 ) (260 ) (6,974 )
At 31 March 2023 - - - -
DEPRECIATION
At 1 April 2022 2,601 1,345 144 4,090
Eliminated on disposal (2,601 ) (1,345 ) (144 ) (4,090 )
At 31 March 2023 - - - -
NET BOOK VALUE
At 31 March 2023 - - - -
At 31 March 2022 2,113 655 116 2,884

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 82 -
Intercompany Debtors 18,000 18,000
VAT 61 -
Prepayments - 226
18,143 18,226

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,012 10,012
Trade creditors - 121
Amounts owed to associates 356,287 344,988
Tax - 100
VAT - 407
Credit card - 4
Directors' current accounts 24 24
Accrued expenses 1,525 3,325
367,848 358,981

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 11,667 21,667
21,667 31,667

Pelefon Ltd (Registered number: 09315856)

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

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
Mrs M P Dey and Mr R G Dey
Balance outstanding at start of year 24 27
Amounts repaid - (3 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 24 24

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mr R G Dey.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Pelefon Ltd (Registered number: 09315856)

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.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Pelefon Ltd for the year ended 31 March 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Pelefon Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Pelefon Ltd and state those matters that we have agreed to state to the Board of Directors of Pelefon Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Pelefon Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Pelefon Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Pelefon Ltd. You consider that Pelefon Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Pelefon Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Sterling Partners Limited
Chartered Accountants
Chartered Tax Advisors
2nd Floor, Grove House
774-780 Wilmslow Road
Didsbury
Manchester
Greater Manchester
M20 2DR


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