Company Registration No. 14384073 (England and Wales)
Pen Garva Ltd
Filleted accounts
for the year ended 30 September 2023
Pen Garva Ltd
Filleted accounts
Contents
Pen Garva Ltd
Company Information
for the year ended 30 September 2023
Company Number
14384073 (England and Wales)
Registered Office
Glen Parva Pharmacy
Unit 3
Swinford Avenue
Leicester
Leicestershire
LE2 9RW
England
Accountants
YP Finance
Hawthorne House
17A Hawthorne Drive
Leicester
Leicestershire
LE5 6DL
Pen Garva Ltd
Statement of financial position
as at 30 September 2023
Cash at bank and in hand
24,076
Creditors: amounts falling due within one year
(63,740)
Total assets less current liabilities
152,387
Creditors: amounts falling due after more than one year
(194,928)
Called up share capital
100
Profit and loss account
(42,641)
Shareholders' funds
(42,541)
For the year ending 30 September 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 director acknowledges his 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 and authorised for issue on 30 June 2024 and were signed on its behalf by
Sarfraz Patel
Director
Company Registration No. 14384073
Pen Garva Ltd
Notes to the Accounts
for the year ended 30 September 2023
Pen Garva Ltd is a private company, limited by shares, registered in England and Wales, registration number 14384073. The registered office is Glen Parva Pharmacy, Unit 3, Swinford Avenue, Leicester, Leicestershire, LE2 9RW, England.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 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:
Fixtures & fittings
Over 10 Years
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Pen Garva Ltd
Notes to the Accounts
for the year ended 30 September 2023
4
Tangible fixed assets
Fixtures & fittings
At 30 September 2023
160,000
Charge for the year
16,000
At 30 September 2023
16,000
At 30 September 2023
144,000
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
Amounts owed to group undertakings and other participating interests
30,000
Taxes and social security
1,567
7
Creditors: amounts falling due after more than one year
2023
Loans from directors
194,928
Pen Garva Ltd
Notes to the Accounts
for the year ended 30 September 2023
Allotted, called up and fully paid:
90 A Ordinary shares of £1 each
90
5 B Ordinary shares of £1 each
5
5 C Ordinary shares of £1 each
5
Shares issued during the period:
90 A Ordinary shares of £1 each
90
5 B Ordinary shares of £1 each
5
5 C Ordinary shares of £1 each
5
9
Average number of employees
During the year the average number of employees was 2.