Registered Number:02178799 |
For the year ended 31 December 2023
England and Wales
Unaudited Financial Statements
Principal Bond Limited
Statement of Financial Position
2022
2023
60,000
60,000
2
Property, plant and equipment |
4,537
5,338
3
64,537
65,338
36,935
Cash and cash equivalents |
12,903
12,903
36,935
Trade and other payables: amounts falling due within one |
year |
(19,646)
(14,172)
4
17,289
(1,269)
Net current liabilities
Total assets less current liabilities |
63,268
82,627
63,268
Net assets
82,627
1,000
1,000
60,000
60,000
5
2,268
21,627
63,268
82,627
Shareholders' funds
For the year ended 31 December 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 of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
Mr Philip John Godwin Director |
These financial statements were approved and authorised for issue by the Board on 12 September 2024 and were signed by: |
The notes form part of these financial statements |
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For the year ended 31 December 2023
Principal Bond Limited
Notes to the Financial Statements
Statutory Information
Principal Bond Limited is a private limited company, limited by shares, domiciled in England and Wales, registration |
number 02178799. |
Principal place of business: |
24 St. Mary's Road
Teignmouth
Devon
TQ14 9LY
48 The Causeway
Chippenham
Wiltshire
SN15 3DD
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
2. Intangible fixed assets |
Goodwill
60,000
60,000
60,000
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For the year ended 31 December 2023
Principal Bond Limited
Notes to the Financial Statements Continued
3. Property, plant and equipment |
27,536
27,536
Provision for depreciation and impairment |
22,198
Charge for year
801
22,999
4,537
5,338
4. Trade and other payables: amounts falling due within one year |
2022
2023
11,983
11,983
Taxation and social security |
1,889
7,363
300
300
14,172
19,646
Revaluation reserve at 01 January 2023 |
-
Transfers to/from other reserves |
60,000
60,000
Revaluation reserve at 31 December 2023 |
6. Average number of persons employed |
During the year the average number of employees was 2 (2022 : 2)
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