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Registered number: 03525536
Poulton Cabs Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
In The Zone PLF Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 03525536
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 41,200 41,200
Tangible Assets 5 341,684 309,926
382,884 351,126
CURRENT ASSETS
Debtors 6 26,680 26,690
Cash at bank and in hand 6,727 46,592
33,407 73,282
Creditors: Amounts Falling Due Within One Year 7 (17,254 ) (9,628 )
NET CURRENT ASSETS (LIABILITIES) 16,153 63,654
TOTAL ASSETS LESS CURRENT LIABILITIES 399,037 414,780
Creditors: Amounts Falling Due After More Than One Year 8 (95,311 ) (124,126 )
NET ASSETS 303,726 290,654
CAPITAL AND RESERVES
Called up share capital 9 33 33
Share premium account 172,869 172,869
Other reserves 108,000 108,000
Profit and Loss Account 22,824 9,752
SHAREHOLDERS' FUNDS 303,726 290,654
Page 1
Page 2
For the year ending 31 March 2024 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Richard Buckley
Director
13 August 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Poulton Cabs Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03525536 . The registered office is 8 Blackpool Old Road, Poulton-Le-Fylde, Lancashire, FY6 7DH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are .... It is amortised to profit and loss account over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% Reducing balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: 12 (2023: 12)
12 12
Page 3
Page 4
4. Intangible Assets
Other
£
Cost
As at 1 April 2023 41,200
As at 31 March 2024 41,200
Net Book Value
As at 31 March 2024 41,200
As at 1 April 2023 41,200
5. Tangible Assets
Land & Property
Freehold Plant & Machinery Total
£ £ £
Cost
As at 1 April 2023 300,000 153,291 453,291
Additions 34,240 - 34,240
As at 31 March 2024 334,240 153,291 487,531
Depreciation
As at 1 April 2023 - 143,365 143,365
Provided during the period - 2,482 2,482
As at 31 March 2024 - 145,847 145,847
Net Book Value
As at 31 March 2024 334,240 7,444 341,684
As at 1 April 2023 300,000 9,926 309,926
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 26,690
Other debtors 26,680 -
26,680 26,690
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors (1 ) -
Bank loans and overdrafts 4,000 4,000
Other creditors 4,451 3,701
Taxation and social security 8,804 1,927
17,254 9,628
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 77,074 -
Other loans - 81,126
Other creditors 18,237 43,000
95,311 124,126
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 33 33
Page 5