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REGISTERED NUMBER: 06855543 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Pretloves Removal & Storage Service Ltd

Pretloves Removal & Storage Service Ltd (Registered number: 06855543)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Pretloves Removal & Storage Service Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr A C Pretlove
Mrs A T Pretlove-Redmond





SECRETARY: Mrs A T Pretlove-Redmond





REGISTERED OFFICE: Lewis House
Great Chesterford Court
Great Chesterford
Essex
CB10 1PF





BUSINESS ADDRESS: Woodside Industrial Estate
Woodside
Epping
Essex
CM16 6LJ





REGISTERED NUMBER: 06855543 (England and Wales)

Pretloves Removal & Storage Service Ltd (Registered number: 06855543)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 178,471 185,131
178,471 185,131

CURRENT ASSETS
Stocks 5,732 5,826
Debtors 7 201,116 81,868
Cash at bank 243,864 390,292
450,712 477,986
CREDITORS
Amounts falling due within one year 8 310,793 264,297
NET CURRENT ASSETS 139,919 213,689
TOTAL ASSETS LESS CURRENT
LIABILITIES

318,390

398,820

CREDITORS
Amounts falling due after more than one
year

9

(21,931

)

-

PROVISIONS FOR LIABILITIES (37,885 ) (29,600 )
NET ASSETS 258,574 369,220

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 258,374 369,020
SHAREHOLDERS' FUNDS 258,574 369,220

Pretloves Removal & Storage Service Ltd (Registered number: 06855543)

Balance Sheet - continued
31 March 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2024 and were signed on its behalf by:




Mr A C Pretlove - Director



Mrs A T Pretlove-Redmond - Director


Pretloves Removal & Storage Service Ltd (Registered number: 06855543)

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


1. STATUTORY INFORMATION

Pretloves Removal & Storage Service Ltd 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.

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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, has been amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - 25% on reducing balance
Plant and machinery etc - 25% 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.

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instruments.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes, in effect, a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

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 balance sheet date.

Pretloves Removal & Storage Service Ltd (Registered number: 06855543)

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


3. ACCOUNTING POLICIES - continued

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 27 (2023 - 27 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 90,000
AMORTISATION
At 1 April 2023
and 31 March 2024 90,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

Pretloves Removal & Storage Service Ltd (Registered number: 06855543)

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


6. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 17,076 673,288 690,364
Additions - 53,246 53,246
Disposals - (10,846 ) (10,846 )
At 31 March 2024 17,076 715,688 732,764
DEPRECIATION
At 1 April 2023 8,596 496,637 505,233
Charge for year 2,120 57,371 59,491
Eliminated on disposal - (10,431 ) (10,431 )
At 31 March 2024 10,716 543,577 554,293
NET BOOK VALUE
At 31 March 2024 6,360 172,111 178,471
At 31 March 2023 8,480 176,651 185,131

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2023 103,034
Additions 42,000
Transfer to ownership (103,034 )
At 31 March 2024 42,000
DEPRECIATION
At 1 April 2023 59,568
Charge for year 10,500
Transfer to ownership (59,568 )
At 31 March 2024 10,500
NET BOOK VALUE
At 31 March 2024 31,500
At 31 March 2023 43,466

Pretloves Removal & Storage Service Ltd (Registered number: 06855543)

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


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 64,400 71,987
Other debtors 136,716 9,881
201,116 81,868

Other debtors consists of prepayments totalling £135,812 (2023 - £7,672) and other debtors totalling £904 (2023 - £2,209).

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 2,102
Hire purchase contracts (see note 10) 9,569 17,744
Trade creditors 168,839 72,731
Taxation and social security 66,866 118,915
Other creditors 65,519 52,805
310,793 264,297

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts (see note 10) 21,931 -

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 9,569 17,744
Between one and five years 21,931 -
31,500 17,744

Non-cancellable operating leases
2024 2023
£    £   
Within one year 75,500 93,000