Registered number
07505875
Pestoclear Chester and Wirral Limited
Filleted Accounts
31 May 2024
Pestoclear Chester and Wirral Limited
Registered number: 07505875
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 15,413 17,138
Current assets
Stocks 4,546 4,439
Debtors 5 24,985 30,026
Cash at bank and in hand 382 75
29,913 34,540
Creditors: amounts falling due within one year 6 (37,057) (36,695)
Net current liabilities (7,144) (2,155)
Total assets less current liabilities 8,269 14,983
Creditors: amounts falling due after more than one year 7 (5,000) (10,871)
Provisions for liabilities (2,909) (3,230)
Net assets 360 882
Capital and reserves
Called up share capital 2 2
Profit and loss account 358 880
Shareholders' funds 360 882
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr S Harwood
Director
Approved by the board on 27 August 2024
Pestoclear Chester and Wirral Limited
Notes to the Accounts
for the year ended 31 May 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Motor vehicles 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 4 5
3 Intangible fixed assets £
Goodwill:
Cost
At 1 June 2023 4,800
At 31 May 2024 4,800
Amortisation
At 1 June 2023 4,800
At 31 May 2024 4,800
Net book value
At 31 May 2024 -
Goodwill was written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 June 2023 17,703 16,570 34,273
At 31 May 2024 17,703 16,570 34,273
Depreciation
At 1 June 2023 14,218 2,917 17,135
Charge for the year 872 853 1,725
At 31 May 2024 15,090 3,770 18,860
Net book value
At 31 May 2024 2,613 12,800 15,413
At 31 May 2023 3,485 13,653 17,138
5 Debtors 2024 2023
£ £
Trade debtors 17,817 17,159
Other debtors 7,168 12,867
24,985 30,026
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 6,051 6,085
Trade creditors 2,290 1,400
Taxation and social security costs 21,891 22,555
Other creditors 6,825 6,655
37,057 36,695
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 5,000 10,871
8 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Mr S Harwood
Interest free loan 5,388 1,744 (9,135) (2,003)
5,388 1,744 (9,135) (2,003)
9 Other information
Pestoclear Chester and Wirral Limited is a private company limited by shares and incorporated in England. Its registered office is:
255 Poulton Road
Wallasey
Wirral
CH44 4BT
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