IRIS Accounts Production v23.4.0.336 04417234 Board of Directors Board of Directors 1.7.22 30.6.23 30.6.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh044172342022-06-30044172342023-06-30044172342022-07-012023-06-30044172342021-06-30044172342021-07-012022-06-30044172342022-06-3004417234ns15:EnglandWales2022-07-012023-06-3004417234ns14:PoundSterling2022-07-012023-06-3004417234ns10:Director12022-07-012023-06-3004417234ns10:Director22022-07-012023-06-3004417234ns10:PrivateLimitedCompanyLtd2022-07-012023-06-3004417234ns10:SmallEntities2022-07-012023-06-3004417234ns10:AuditExempt-NoAccountantsReport2022-07-012023-06-3004417234ns10:SmallCompaniesRegimeForDirectorsReport2022-07-012023-06-3004417234ns10:SmallCompaniesRegimeForAccounts2022-07-012023-06-3004417234ns10:FullAccounts2022-07-012023-06-300441723412022-07-012023-06-3004417234ns10:RegisteredOffice2022-07-012023-06-3004417234ns5:CurrentFinancialInstruments2023-06-3004417234ns5:CurrentFinancialInstruments2022-06-3004417234ns5:ShareCapital2023-06-3004417234ns5:ShareCapital2022-06-3004417234ns5:RetainedEarningsAccumulatedLosses2023-06-3004417234ns5:RetainedEarningsAccumulatedLosses2022-06-3004417234ns5:NetGoodwill2022-07-012023-06-3004417234ns5:NetGoodwill2022-06-3004417234ns5:NetGoodwill2023-06-3004417234ns5:NetGoodwill2022-06-3004417234ns5:LandBuildings2022-06-3004417234ns5:PlantMachinery2022-06-3004417234ns5:LandBuildings2022-07-012023-06-3004417234ns5:PlantMachinery2022-07-012023-06-3004417234ns5:LandBuildings2023-06-3004417234ns5:PlantMachinery2023-06-3004417234ns5:LandBuildings2022-06-3004417234ns5:PlantMachinery2022-06-3004417234ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-06-3004417234ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-06-3004417234ns5:CurrentFinancialInstruments2022-07-012023-06-3004417234ns5:BetweenOneFiveYears2023-06-3004417234ns5:BetweenOneFiveYears2022-06-30
REGISTERED NUMBER: 04417234 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

Putterill's of Hertfordshire
(Welwyn Garden City) Limited

Putterill's of Hertfordshire
(Welwyn Garden City) Limited (Registered number: 04417234)

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
(Welwyn Garden City) Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: Mr J G Godfrey
Mrs J Godfrey





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





BUSINESS ADDRESS: 34 Wigmores North
Welyn Garden City
Hertfordshire
AL8 6PH





REGISTERED NUMBER: 04417234 (England and Wales)

Putterill's of Hertfordshire
(Welwyn Garden City) Limited (Registered number: 04417234)

Balance Sheet
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 5,273 7,030
5,273 7,030

CURRENT ASSETS
Debtors 7 31,947 34,644
Cash at bank 51,920 26,662
83,867 61,306
CREDITORS
Amounts falling due within one year 8 59,447 77,200
NET CURRENT ASSETS/(LIABILITIES) 24,420 (15,894 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

29,693

(8,864

)

PROVISIONS FOR LIABILITIES 1,318 1,336
NET ASSETS/(LIABILITIES) 28,375 (10,200 )

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 28,371 (10,204 )
SHAREHOLDERS' FUNDS 28,375 (10,200 )

Putterill's of Hertfordshire
(Welwyn Garden City) Limited (Registered number: 04417234)

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 1 March 2024 and were signed on its behalf by:




Mr J G Godfrey - Director



Mrs J Godfrey - Director


Putterill's of Hertfordshire
(Welwyn Garden City) Limited (Registered number: 04417234)

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


1. STATUTORY INFORMATION

Putterill's of Hertfordshire (Welwyn Garden City) 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 has been written off in equal instalments over its estimated economic life of 10 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 25% on reducing balance
Plant and machinery etc - 25% on reducing balance

Freehold property depreciation has not been provided as accumulated depreciation is immaterial and regular maintenance and restoration is undertaken.

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
(Welwyn Garden City) Limited (Registered number: 04417234)

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 7 (2022 - 8 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2022 85,000
Disposals (85,000 )
At 30 June 2023 -
AMORTISATION
At 1 July 2022 85,000
Eliminated on disposal (85,000 )
At 30 June 2023 -
NET BOOK VALUE
At 30 June 2023 -
At 30 June 2022 -

Putterill's of Hertfordshire
(Welwyn Garden City) Limited (Registered number: 04417234)

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


6. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2022
and 30 June 2023 6,161 26,477 32,638
DEPRECIATION
At 1 July 2022 4,249 21,359 25,608
Charge for year 478 1,279 1,757
At 30 June 2023 4,727 22,638 27,365
NET BOOK VALUE
At 30 June 2023 1,434 3,839 5,273
At 30 June 2022 1,912 5,118 7,030

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 5,209 10,231
Other debtors 26,738 24,413
31,947 34,644

Included within other debtors disclosed above is a balance of £16,636 (2022 - £12,451) in relation to prepayments, a balance of £10,102 (2022 - £10,102) in relation to corporation tax repayable and a balance of £nil (2022 - £1,860) in relation to VAT repayable.

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 33,577 9,968
Taxation and social security 13,420 2,376
Other creditors 12,450 64,856
59,447 77,200

Included within other creditors disclosed above is a balance of £4,994 (2022 - £3,345) in relation to accruals, a balance of £580 (2022 - £633) in relation to the other creditors and a balance of £6,876 (2022 - £60,878) in relation to intercompany loan balances.

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Between one and five years - 28,750