Company registration number 11082965 (England and Wales)
Pemberturner Limited
UNAUDITED FINANCIAL STATEMENTS
for the year ended 30 November 2023
PAGES FOR FILING WITH REGISTRAR
Pemberturner Limited
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 5
Pemberturner Limited
Statement Of Financial Position
as at 30 November 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Intangible assets
3
10,000
12,500
Tangible assets
4
9,154
11,003
19,154
23,503
Current assets
Debtors
5
3,884
8,004
Cash at bank and in hand
7,187
5,353
11,071
13,357
Creditors: amounts falling due within one year
6
(9,349)
(11,261)
Net current assets
1,722
2,096
Total assets less current liabilities
20,876
25,599
Creditors: amounts falling due after more than one year
7
(20,448)
(25,946)
Net assets/(liabilities)
428
(347)
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
328
(447)
Total equity
428
(347)
Pemberturner Limited
Statement Of Financial Position (continued)
as at 30 November 2023
- 2 -
The director of the company has elected not to include a copy of the income statement within the financial statements.true
For the financial year ended 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 22 August 2024
Mr J Turner
Director
Company Registration No. 11082965
Pemberturner Limited
Notes to the financial statements
for the year ended 30 November 2023
- 3 -
1
Accounting policies
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Intangible fixed assets - goodwill
Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is ten years.
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and equipment
15% reducing balance
Motor vehicles
25% reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Pemberturner Limited
Notes to the financial statements (continued)
for the year ended 30 November 2023
- 4 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
2
3
3
Intangible fixed assets
Goodwill
£
Cost
At 1 December 2022 and 30 November 2023
25,000
Amortisation and impairment
At 1 December 2022
12,500
Amortisation charged for the year
2,500
At 30 November 2023
15,000
Carrying amount
At 30 November 2023
10,000
At 30 November 2022
12,500
4
Tangible fixed assets
Plant and equipment
Motor vehicles
Total
£
£
£
Cost
At 1 December 2022
6,940
20,140
27,080
Additions
700
700
At 30 November 2023
7,640
20,140
27,780
Depreciation and impairment
At 1 December 2022
3,862
12,215
16,077
Depreciation charged in the year
567
1,982
2,549
At 30 November 2023
4,429
14,197
18,626
Carrying amount
At 30 November 2023
3,211
5,943
9,154
At 30 November 2022
3,078
7,925
11,003
Pemberturner Limited
Notes to the financial statements (continued)
for the year ended 30 November 2023
- 5 -
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
2,573
2,500
Other debtors
1,311
5,504
3,884
8,004
6
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans
3,000
3,000
Trade creditors
210
Corporation tax
1,722
2,494
Other taxation and social security
583
Other creditors
4,627
4,974
9,349
11,261
7
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
20,250
23,250
Other creditors
198
2,696
20,448
25,946
8
Company information
Pemberturner Limited is a private company limited by shares incorporated in England and Wales. The registered office is Townend House, 8 Springwell Court, Leeds, West Yorkshire, LS12 1AL.