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Registration number: 00725137

A O Pluckrose Limited

Unaudited Filleted Financial Statements

for the Year Ended 12 June 2024

 

A O Pluckrose Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

A O Pluckrose Limited

Company Information

Directors

Mr A Pluckrose

Mr S A Pluckrose

Company secretary

Mrs J Smith

Registered office

Station Approach
New Romney
Kent
TN28 8LU

 

A O Pluckrose Limited

(Registration number: 00725137)
Balance Sheet as at 12 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

17,245

18,685

Current assets

 

Stocks

5

550

1,338

Cash at bank and in hand

 

8,507

17,089

 

9,057

18,427

Creditors: Amounts falling due within one year

6

(26,242)

(27,130)

Net current liabilities

 

(17,185)

(8,703)

Net assets

 

60

9,982

Capital and reserves

 

Called up share capital

400

400

Other reserves

5,447

5,447

Retained earnings

(5,787)

4,135

Shareholders' funds

 

60

9,982

 

A O Pluckrose Limited

(Registration number: 00725137)
Balance Sheet as at 12 June 2024 (continued)

For the financial year ending 12 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 18 October 2024 and signed on its behalf by:
 

.........................................
Mr S A Pluckrose
Director

   
     
 

A O Pluckrose Limited

Notes to the Unaudited Financial Statements for the Year Ended 12 June 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Station Approach
New Romney
Kent
TN28 8LU

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

A O Pluckrose Limited

Notes to the Unaudited Financial Statements for the Year Ended 12 June 2024 (continued)

2

Accounting policies (continued)

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% reducing balance

Motor vehicles

25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

A O Pluckrose Limited

Notes to the Unaudited Financial Statements for the Year Ended 12 June 2024 (continued)

2

Accounting policies (continued)

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

4

Tangible assets

Land and buildings
£

Plant and machinery
£

Motor vehicles
 £

Total
£

Cost or valuation

At 13 June 2023

12,927

21,293

18,000

52,220

At 12 June 2024

12,927

21,293

18,000

52,220

Depreciation

At 13 June 2023

-

21,230

12,305

33,535

Charge for the year

-

16

1,424

1,440

At 12 June 2024

-

21,246

13,729

34,975

Carrying amount

At 12 June 2024

12,927

47

4,271

17,245

At 12 June 2023

12,927

63

5,695

18,685

Included within the net book value of land and buildings above is £12,927 (2023 - £12,927) in respect of freehold land and buildings.
 

5

Stocks

2024
£

2023
£

Work in progress

-

838

Other inventories

550

500

550

1,338

 

A O Pluckrose Limited

Notes to the Unaudited Financial Statements for the Year Ended 12 June 2024 (continued)

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

22,161

21,745

Trade creditors

 

1,558

2,862

Accruals and deferred income

 

900

900

Other creditors

 

1,623

1,623

 

26,242

27,130

7

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Directors current account

22,161

21,745