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REGISTERED NUMBER: 02920810 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2023

for

PELSTAR COMPUTING LIMITED

PELSTAR COMPUTING LIMITED (REGISTERED NUMBER: 02920810)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


PELSTAR COMPUTING LIMITED

Company Information
for the Year Ended 30 April 2023







DIRECTORS: Mr A J Brown
Mrs N Brown





REGISTERED OFFICE: Kinetic Business Centre
Theobald Street
Borehamwood
WD6 4PJ





REGISTERED NUMBER: 02920810 (England and Wales)





ACCOUNTANTS: Joshua Leigh & Co Ltd
159 High Street
Barnet
Hertfordshire
EN5 5SU

PELSTAR COMPUTING LIMITED (REGISTERED NUMBER: 02920810)

Abridged Balance Sheet
30 April 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,719 2,897

CURRENT ASSETS
Stocks 1,092 1,200
Debtors 29,270 9,780
Cash at bank 40,333 39,864
70,695 50,844
CREDITORS
Amounts falling due within one year (42,415 ) (24,811 )
NET CURRENT ASSETS 28,280 26,033
TOTAL ASSETS LESS CURRENT
LIABILITIES

29,999

28,930

CAPITAL AND RESERVES
Called up share capital 2 1
Retained earnings 29,997 28,929
SHAREHOLDERS' FUNDS 29,999 28,930

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 April 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 January 2024 and were signed on its behalf by:





Mr A J Brown - Director


PELSTAR COMPUTING LIMITED (REGISTERED NUMBER: 02920810)

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

1. STATUTORY INFORMATION

Pelstar Computing 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 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 the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 25% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2022 23,960
Additions 551
At 30 April 2023 24,511
DEPRECIATION
At 1 May 2022 21,063
Charge for year 1,729
At 30 April 2023 22,792
NET BOOK VALUE
At 30 April 2023 1,719
At 30 April 2022 2,897