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Company Registration No. 10488959 (England and Wales)
Petar Gold Home Improvements Limited Unaudited accounts for the year ended 30 November 2023
Petar Gold Home Improvements Limited Unaudited accounts Contents
Page
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Petar Gold Home Improvements Limited Company Information for the year ended 30 November 2023
Directors
Petar Nikolaev Zlatanov Mirela Zhivkova Zlatanova
Company Number
10488959 (England and Wales)
Registered Office
20 Pier Road Northfleet Gravesent DA11 9NB
Accountants
Accounts and Legal Consultants Ltd Suite 1-3 The Hop Exchange 24 Southwark Street London SE1 1TY
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Petar Gold Home Improvements Limited Accountants' report
Accountants' report to the board of directors of Petar Gold Home Improvements Limited on the preparation of the unaudited statutory accounts for the year ended 30 November 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Petar Gold Home Improvements Limited for the year ended 30 November 2023 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Petar Gold Home Improvements Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Petar Gold Home Improvements Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Petar Gold Home Improvements Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Petar Gold Home Improvements Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Petar Gold Home Improvements Limited. You consider that Petar Gold Home Improvements Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Petar Gold Home Improvements Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Accounts and Legal Consultants Ltd Suite 1-3 The Hop Exchange 24 Southwark Street London SE1 1TY 14 December 2023
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Petar Gold Home Improvements Limited Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
16,089 
736 
Current assets
Debtors
23,221 
36,561 
Cash at bank and in hand
1,124 
3,279 
24,345 
39,840 
Creditors: amounts falling due within one year
(35,510)
(32,465)
Net current (liabilities)/assets
(11,165)
7,375 
Total assets less current liabilities
4,924 
8,111 
Creditors: amounts falling due after more than one year
(4,900)
(7,463)
Net assets
24 
648 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
23 
647 
Shareholders' funds
24 
648 
For the year ending 30 November 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 directors acknowledge their 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 of Directors and authorised for issue on 14 December 2023 and were signed on its behalf by
Petar Nikolaev Zlatanov Director Company Registration No. 10488959
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Petar Gold Home Improvements Limited Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
Petar Gold Home Improvements Limited is a private company, limited by shares, registered in England and Wales, registration number 10488959. The registered office is 20 Pier Road, Northfleet, Gravesent, DA11 9NB.
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.
3
Accounting policies
These financial statements for the year ended 30 November 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 December 2021. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
SL 25%
Motor vehicles
SL 25%
Computer equipment
SL 25%
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Petar Gold Home Improvements Limited Notes to the Accounts for the year ended 30 November 2023
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 December 2022
2,099 
2,100 
683 
4,882 
Additions
1,191 
14,975 
- 
16,166 
Disposals
- 
(2,100)
- 
(2,100)
At 30 November 2023
3,290 
14,975 
683 
18,948 
Depreciation
At 1 December 2022
1,362 
2,101 
683 
4,146 
Charge for the year
440 
374 
- 
814 
On disposals
- 
(2,101)
- 
(2,101)
At 30 November 2023
1,802 
374 
683 
2,859 
Net book value
At 30 November 2023
1,488 
14,601 
- 
16,089 
At 30 November 2022
737 
(1)
- 
736 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,041 
7,171 
Accrued income and prepayments
135 
- 
Other debtors
22,045 
29,390 
23,221 
36,561 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
3,154 
3,154 
VAT
1,523 
9,361 
Trade creditors
16,845 
897 
Taxes and social security
199 
13,077 
Other creditors
13,789 
5,976 
35,510 
32,465 
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
4,900 
7,463 
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Petar Gold Home Improvements Limited Notes to the Accounts for the year ended 30 November 2023
8
Loans to directors
At the financial period end 30 Nov 2023, the directors loan account was overdrawn by £13,590.74 (2022: £7,051.40) and the loan is repayable upon demand.
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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