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PENTSTREND GENERAL TRADING CO.
LIMITED

REPORT OF THE DIRECTORS AND

ABRIDGED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 DECEMBER 2023






PENTSTREND GENERAL TRADING CO.
LIMITED (REGISTERED NUMBER: 00825546)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


PENTSTREND GENERAL TRADING CO.
LIMITED

COMPANY INFORMATION
for the year ended 31 December 2023







DIRECTORS: C E Marsh
A C Bernstein



SECRETARY: A C Bernstein



REGISTERED OFFICE: 4 Churchill Court
58 Station Road
North Harrow
Middlesex
HA2 7ST



REGISTERED NUMBER: 00825546



ACCOUNTANTS: ADAMS MOORHOUSE LIMITED, Chartered Accountants
4 Churchill Court
58 Station Road
North Harrow
Middlesex
HA2 7ST



BANKERS: Barclays Bank PLC
30 High Street
Southampton
SO9 7AB

PENTSTREND GENERAL TRADING CO.
LIMITED (REGISTERED NUMBER: 00825546)

STATEMENT OF FINANCIAL POSITION
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 484,517 580,012

CURRENT ASSETS
Stocks 19,262 25,650
Debtors 6 76,154 65,180
Cash at bank and in hand 791,144 234,082
886,560 324,912
CREDITORS
Amounts falling due within one year 7 109,486 109,745
NET CURRENT ASSETS 777,074 215,167
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,261,591

795,179


PROVISIONS FOR LIABILITIES 28,325 79,626

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 8 162,571 312,797
Retained earnings 1,070,595 402,656
SHAREHOLDERS' FUNDS 1,233,266 715,553
1,261,591 795,179

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

PENTSTREND GENERAL TRADING CO.
LIMITED (REGISTERED NUMBER: 00825546)

STATEMENT OF FINANCIAL POSITION - continued
31 December 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 August 2024 and were signed on its behalf by:





C E Marsh - Director


PENTSTREND GENERAL TRADING CO.
LIMITED (REGISTERED NUMBER: 00825546)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2023


1. STATUTORY INFORMATION

Pentstrend General Trading Co. Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Preparation of consolidated financial statements
The financial statements contain information about Pentstrend General Trading Co. Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 15 years
Plant and machinery etc - 33.3% on cost, 25% on reducing balance and 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.


PENTSTREND GENERAL TRADING CO.
LIMITED (REGISTERED NUMBER: 00825546)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023


3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 6 ) .

PENTSTREND GENERAL TRADING CO.
LIMITED (REGISTERED NUMBER: 00825546)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023


5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
Cost or valuation
At 1 January 2023 700,000 142,692 842,692
Additions 270,943 8,000 278,943
Disposals (450,992 ) (80,000 ) (530,992 )
At 31 December 2023 519,951 70,692 590,643
Depreciation
At 1 January 2023 136,887 125,793 262,680
Charge for year 7,427 4,212 11,639
Eliminated on disposal (88,193 ) (80,000 ) (168,193 )
At 31 December 2023 56,121 50,005 106,126
Net book value
At 31 December 2023 463,830 20,687 484,517
At 31 December 2022 563,113 16,899 580,012

Cost or valuation at 31 December 2023 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2014 67,053 - 67,053
Valuation in 2017 53,359 - 53,359
Valuation in 2021 17,786 - 17,786
Cost 381,753 70,692 452,445
519,951 70,692 590,643

If freehold property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 381,758 311,504
Aggregate depreciation 27,123 71,679

Value of land in freehold land and buildings 354,635 239,825

Freehold property was valued on an open market basis on 31 December 2023 by the directors .

PENTSTREND GENERAL TRADING CO.
LIMITED (REGISTERED NUMBER: 00825546)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,772 1,542
Other debtors 74,382 63,638
76,154 65,180

Included in other debtors is an amount of £66,948 (2022 - £56,948) due from a company under the control of the directors.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 52,523 77,635
Taxation and social security 39,887 21,394
Other creditors 17,076 10,716
109,486 109,745

8. RESERVES
Revaluation
reserve
£   
At 1 January 2023 312,797
Revaluation of freehold property (150,226 )

At 31 December 2023 162,571

9. CONTINGENT LIABILITIES

As far as the Board is aware, there were no contingent liabilities at the balance sheet date.


10. RELATED PARTY DISCLOSURES

Management charges of £20,000 (2022 - £20,000) relate to amounts paid to a company beneficially held by the directors.

11. ULTIMATE CONTROLLING PARTY

The controlling party is C E Marsh.