2023-03-01 04375726 2024-02-28 04375726 2023-03-01 2024-02-28 04375726 2023-02-28 04375726 2022-03-01 2023-02-28 04375726 uk-core:WithinOneYear 2023-02-28 04375726 uk-core:WithinOneYear 2024-02-28 04375726 uk-core:ShareCapital 2024-02-28 04375726 uk-core:ShareCapital 2023-02-28 04375726 uk-core:RetainedEarningsAccumulatedLosses 2024-02-28 04375726 uk-core:RetainedEarningsAccumulatedLosses 2023-02-28 04375726 uk-bus:Director1 2023-03-01 2024-02-28 04375726 uk-core:VehiclesPlantMachinery 2023-03-01 2024-02-28 iso4217:GBP xbrli:pure 04375726 uk-bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-28 04375726 uk-bus:FRS102 2023-03-01 2024-02-28 04375726 uk-bus:FilletedAccounts 2023-03-01 2024-02-28 04375726 uk-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28
Pridewood Homes Ltd
Registered Number:04375726
For the year ended 28 February 2024
England and Wales
Unaudited Financial Statements
2
Registered Number :
04375726
As at 28 February 2024
Pridewood Homes Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
1,118
1,490
1,118
1,490
Current assets
Inventories
34,595
47,795
2
Trade and other receivables
1,742
463
3
1,230,279
Cash and cash equivalents
1,369,682
1,417,940
1,266,616
Trade and other payables: amounts falling due within one
year
(118,737)
(143,493)
4
1,147,879
1,274,447
Net current assets
Total assets less current liabilities
1,275,565
1,149,369
1,275,565
Net assets
1,149,369
Capital and reserves
Called up share capital
1
1
Retained earnings
1,275,564
1,149,368
1,275,565
1,149,369
Shareholders' funds
For the year ended 28 February 2024 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 28 February 2024 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 K Philpot Director
These financial statements were approved and authorised for issue by the Board on 28 November 2024 and were signed by:
The notes form part of these financial statements
1 of 3
3
For the year ended 28 February 2024
Pridewood Homes Ltd
Notes to the Financial Statements
Statutory Information
Pridewood Homes Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration
number 04375726.
Registered address:
17-19 Long Lane
Ickenham
Uxbridge
UB10 8QU
The presentation currency is £ sterling.
1. Accounting policies
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:
Plant and machinery
25% Reducing balance
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2. Inventories
2023
2024
£
£
Stocks
47,795
34,595
3. Trade and other receivables
2023
2024
£
£
Other debtors
463
1,742
2 of 3
4
For the year ended 28 February 2024
Pridewood Homes Ltd
Notes to the Financial Statements Continued
4. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Taxation and social security
41,786
24,683
Other creditors
101,707
94,054
143,493
118,737
5. Average number of persons employed
During the year the average number of employees was 2 (2023 : 2)
3 of 3