Penshurst Plastering Ltd


FINANCIAL STATEMENTS


for the year ended 30th April 2023



Penshurst Plastering Ltd

CONTENTS

for the year ended 30th April 2023







The Accounts are comprised of the following:

Statement of Financial Position

Notes to the Accounts



Please note that the Accounts comprise of HTML and iXBRL source code and that this is a printed or visual representation of that source code some of which will not be displayed or printed.

Penshurst Plastering Ltd

Company No. 07376696

STATEMENT OF FINANCIAL POSITION

as at 30th April 2023

20232022
Note£££
FIXED ASSETS
Property, plant and equipment433812179
33812179
CURRENT ASSETS
Debtors52226618205
Cash at bank and in hand22112
2228818317
CURRENT LIABILITIES
Creditors: amounts falling due
within one year6252919038
NET CURRENT (LIABILITIES)/ASSETS(3003)9279
TOTAL ASSETS LESS CURRENT LIABILITIES37811458
 
Creditors: amounts falling due
after more than one year7-14000
 
NET ASSETS378(2542)
 
CAPITAL AND RESERVES
Called up share capital11
Retained earnings377(2543)
SHAREHOLDERS FUNDS378(2542)

The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies which are subject to the small companies' regime. The Income Statement has not been delivered to the Registrar of Companies.

For the year ended 30th April 2023 the Company is entitled to the exemption from the requirement to obtain an audit conferred by section 477 of the Companies Act 2006 and the members have not required the company to obtain an audit in accordance with section 476 of the Act.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

Approved by the Board on 23 April 2024


M Andrews

Director

Company Number 07376696 (England)

Penshurst Plastering Ltd

NOTES TO THE ACCOUNTS

for the year ended 30th April 2023


1   Statutory information

Penshurst Plastering Ltd is a private company limited by shares and registered under company number 07376696 in England. Its registered office address is 6, Penshurst Avenue, Sidcup, Kent, DA15 9EY.

These financial statements are presented in Sterling, which is the functional currency of the company.

2   Accounting policies

Basis of preparation of financial statements

The accounts have been prepared under the historical cost convention in accordance with the accounting policies set out below, and in accordance with Financial Reporting Standard 102 Section 1A and the Companies Act 2006.

Income Recognition

Revenue is measured at the fair value of the consideration received or receivable. Turnover is shown net of value added tax, returns, rebates and discounts. Revenue is recognised for the sale of goods when the vendor has transferred the significant risks and rewards of ownership, it is possible that the economic benefit will flow to the entity and the revenue and associated costs can be reliably measured.

Depreciation

Depreciation is provided on all property, plant and equipment, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

Plant, machinery and vehicles25% reducing balance

Leasing

Assets, obtained under hire purchase contracts and finance leases, are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account on a straight line basis.

3   Employee information

The average number of employees during the accounting period was 1 (2022 - 1).

4   Property, plant and equipment
 
PlantFixtures
Motorandand
VehiclesMachineryFittingsTotal
££££
Cost
At 1st May 2022 23457199229111835
Additions-1747-1747
At 30th April 202323458946229113582
 
Depreciation
At 1st May 2022 2213542120229656
Charge for year3344567545
At 30th April 202322465866208910201
 
Net Book Value
At 30th April 20239930802023381
At 30th April 202213217782692179

5   Debtors20232022
££
 
Other debtors2226618205
2226618205

6   Creditors: amounts falling due within one year20232022
££
 
Loans and Overdrafts150001000
Other creditors90007000
Accruals and deferred income12911038
252919038

7   Creditors: amounts falling due after one year20232022
££
 
Loans and Overdrafts-14000
-14000

8   Loans20232022
££
Analysis of maturity of debt:
 
Within one year150001000
Between one and five years-14000
1500015000

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