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REGISTERED NUMBER: 05389787 (England and Wales)
















Financial Statements

for the Year Ended 31 March 2024

for

Puddlebrook Limited

Puddlebrook Limited (Registered number: 05389787)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Report of the Accountants 2

Balance Sheet 3

Notes to the Financial Statements 5


Puddlebrook Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mrs S D Thornton
Mr J A Thornton





SECRETARY: Mrs S D Thornton





REGISTERED OFFICE: 701 Stonehouse Park
Sperry Way
Stonehouse
Gloucestershire
GL10 3UT





REGISTERED NUMBER: 05389787 (England and Wales)





ACCOUNTANTS: GCSD Accountants Limited
701 Stonehouse Park
Sperry Way
Stonehouse
Gloucestershire
GL10 3UT

Puddlebrook Limited

Report of the Accountants to the Directors of
Puddlebrook Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements and state those matters that we have agreed to state to the Board of Directors, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that the Company has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit. You consider that the Company is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of the Company. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






GCSD Accountants Limited


10 September 2024

Puddlebrook Limited (Registered number: 05389787)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 39,604 37,813
39,604 37,813

CURRENT ASSETS
Stocks 12,500 3,652
Debtors 6 531,633 149,560
Cash at bank 40,996 8,422
585,129 161,634
CREDITORS
Amounts falling due within one year 7 566,557 152,848
NET CURRENT ASSETS 18,572 8,786
TOTAL ASSETS LESS CURRENT
LIABILITIES

58,176

46,599

CREDITORS
Amounts falling due after more than
one year

8

(34,773

)

(33,714

)

PROVISIONS FOR LIABILITIES (7,525 ) (7,184 )
NET ASSETS 15,878 5,701

Puddlebrook Limited (Registered number: 05389787)

Balance Sheet - continued
31 March 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 14,878 4,701
SHAREHOLDERS' FUNDS 15,878 5,701

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 September 2024 and were signed on its behalf by:





Mr J A Thornton - Director


Puddlebrook Limited (Registered number: 05389787)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

Puddlebrook Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised to the stage of completion.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on cost
Equipment - 33% on cost

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


Puddlebrook Limited (Registered number: 05389787)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 7 ) .

Puddlebrook Limited (Registered number: 05389787)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 5,000
AMORTISATION
At 1 April 2023
and 31 March 2024 5,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Equipment Totals
£    £    £    £   
COST
At 1 April 2023 44,953 44,443 13,971 103,367
Additions 1,478 22,500 137 24,115
Disposals - (16,890 ) - (16,890 )
At 31 March 2024 46,431 50,053 14,108 110,592
DEPRECIATION
At 1 April 2023 22,139 30,767 12,648 65,554
Charge for year 11,608 10,184 532 22,324
Eliminated on disposal - (16,890 ) - (16,890 )
At 31 March 2024 33,747 24,061 13,180 70,988
NET BOOK VALUE
At 31 March 2024 12,684 25,992 928 39,604
At 31 March 2023 22,814 13,676 1,323 37,813

Puddlebrook Limited (Registered number: 05389787)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 27,688 42,216
Amounts recoverable on contract 407,967 60,292
Other debtors 95,978 47,052
531,633 149,560

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 9) 13,729 8,997
Trade creditors 356,494 67,227
Taxation and social security 157,662 44,595
Other creditors 38,672 32,029
566,557 152,848

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 9) 34,773 33,714

Puddlebrook Limited (Registered number: 05389787)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Gross obligations repayable:
Within one year 17,038 11,776
Between one and five years 37,796 37,572
54,834 49,348

Finance charges repayable:
Within one year 3,309 2,779
Between one and five years 3,023 3,858
6,332 6,637

Net obligations repayable:
Within one year 13,729 8,997
Between one and five years 34,773 33,714
48,502 42,711

Non-cancellable operating leases
2024 2023
£    £   
Within one year 5,624 -
Between one and five years 2,343 -
7,967 -

Puddlebrook Limited (Registered number: 05389787)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
Mr J A Thornton and Mrs S D Thornton
Balance outstanding at start of year 35,003 5,330
Amounts advanced 180,845 74,765
Amounts repaid (148,183 ) (45,092 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 67,665 35,003

Interest of 2.25% (2023: 2.0%) has been charged on the overdrawn director's loan.