Company Registration No. 08749896 (England and Wales)
PILLOWS & PORCELAIN LIMITED
Unaudited accounts
for the year ended 31 October 2023
PILLOWS & PORCELAIN LIMITED
Unaudited accounts
Contents
PILLOWS & PORCELAIN LIMITED
Company Information
for the year ended 31 October 2023
Company Number
08749896 (England and Wales)
Registered Office
8 SMITH STREET
WARWICK
CV34 4HH
Accountants
Accounts and Returns Ltd
26 Smith St
Warwick
CV34 4HS
PILLOWS & PORCELAIN LIMITED
Statement of financial position
as at 31 October 2023
Cash at bank and in hand
21,772
30,014
Creditors: amounts falling due within one year
(83,037)
(80,637)
Net current liabilities
(59,265)
(48,623)
Net liabilities
(59,168)
(48,493)
Called up share capital
1
1
Profit and loss account
(59,169)
(48,494)
Shareholders' funds
(59,168)
(48,493)
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 4 April 2024 and were signed on its behalf by
Diana Tipton
Director
Company Registration No. 08749896
PILLOWS & PORCELAIN LIMITED
Notes to the Accounts
for the year ended 31 October 2023
PILLOWS & PORCELAIN LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08749896. The registered office is 8 SMITH STREET, WARWICK, CV34 4HH.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
4
Tangible fixed assets
Plant & machinery
PILLOWS & PORCELAIN LIMITED
Notes to the Accounts
for the year ended 31 October 2023
5
Creditors: amounts falling due within one year
2023
2022
Loans from directors
82,461
80,115
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
7
Transactions with related parties
During the year, the company received a loan amounting to £2346 from a member of key management personnel. The loan is to be repaid on demand and interest-free. At the balance sheet date, the loan of £82,461 was still outstanding and is presented within creditors: amounts falling due within one year.
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).