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REGISTERED NUMBER: 06312513 (England and Wales)











FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

PETRYL ENTERPRISES LIMITED

PETRYL ENTERPRISES LIMITED (REGISTERED NUMBER: 06312513)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PETRYL ENTERPRISES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTORS: P G Ward
C J Ward
R J Ward
S Ward





SECRETARY: S Ward





REGISTERED OFFICE: Medina House
2 Station Avenue
Bridlington
East Yorkshire
YO16 4LZ





REGISTERED NUMBER: 06312513 (England and Wales)






PETRYL ENTERPRISES LIMITED (REGISTERED NUMBER: 06312513)

BALANCE SHEET
30 SEPTEMBER 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 5,750 6,900
Tangible assets 5 373,325 405,252
379,075 412,152

CURRENT ASSETS
Stocks 451,237 467,881
Debtors 6 89,888 166,593
Cash at bank and in hand 139,243 107,004
680,368 741,478
CREDITORS
Amounts falling due within one year 7 124,823 183,222
NET CURRENT ASSETS 555,545 558,256
TOTAL ASSETS LESS CURRENT
LIABILITIES

934,620

970,408

CREDITORS
Amounts falling due after more than one
year

8

(114,032

)

(139,366

)

PROVISIONS FOR LIABILITIES (30,258 ) (27,894 )
NET ASSETS 790,330 803,148

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 790,230 803,048
SHAREHOLDERS' FUNDS 790,330 803,148

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

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

PETRYL ENTERPRISES LIMITED (REGISTERED NUMBER: 06312513)

BALANCE SHEET - continued
30 SEPTEMBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 February 2024 and were signed on its behalf by:





P G Ward - Director


PETRYL ENTERPRISES LIMITED (REGISTERED NUMBER: 06312513)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1. STATUTORY INFORMATION

Petryl Enterprises 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, 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.
Freehold property - 2% on cost
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - Straight line (over 3 years)

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 Statement of Income and Retained Earnings, 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.

PETRYL ENTERPRISES LIMITED (REGISTERED NUMBER: 06312513)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2. ACCOUNTING POLICIES - continued

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 12 (2022 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2022
and 30 September 2023 11,500
AMORTISATION
At 1 October 2022 4,600
Charge for year 1,150
At 30 September 2023 5,750
NET BOOK VALUE
At 30 September 2023 5,750
At 30 September 2022 6,900

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2022 307,251 496,527 803,778
Additions - 6,737 6,737
At 30 September 2023 307,251 503,264 810,515
DEPRECIATION
At 1 October 2022 48,812 349,714 398,526
Charge for year 6,145 32,519 38,664
At 30 September 2023 54,957 382,233 437,190
NET BOOK VALUE
At 30 September 2023 252,294 121,031 373,325
At 30 September 2022 258,439 146,813 405,252

PETRYL ENTERPRISES LIMITED (REGISTERED NUMBER: 06312513)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors 72,979 147,219
Other debtors 16,909 19,374
89,888 166,593

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Bank loans and overdrafts 24,500 23,300
Trade creditors 13,784 67,028
Taxation and social security 79,688 77,944
Other creditors 6,851 14,950
124,823 183,222

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.23 30.9.22
£    £   
Other creditors 114,032 139,366

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs 37,749 46,833

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.23 30.9.22
value: £    £   
100 Ordinary £1 100 100