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
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
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
Petar Gold Home Improvements Limited
Statement of financial position
as at 30 November 2023
Tangible assets
16,089
736
Cash at bank and in hand
1,124
3,279
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)
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
Petar Gold Home Improvements Limited
Notes to the Accounts
for the year ended 30 November 2023
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.
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.
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.
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:
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
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
At 30 November 2023
1,488
14,601
-
16,089
At 30 November 2022
737
(1)
-
736
Amounts falling due within one year
Accrued income and prepayments
135
-
Other debtors
22,045
29,390
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
3,154
3,154
Trade creditors
16,845
897
Taxes and social security
199
13,077
Other creditors
13,789
5,976
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
Petar Gold Home Improvements Limited
Notes to the Accounts
for the year ended 30 November 2023
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).