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REGISTERED NUMBER: 01268704 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

P.F.I. COLE LIMITED

P.F.I. COLE LIMITED (REGISTERED NUMBER: 01268704)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


P.F.I. COLE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: Mrs V D Cole
P F I Cole
O N I Cole





SECRETARY:





REGISTERED OFFICE: Whatcombe Estate
Whatcombe
Wantage
Oxfordshire
OX12 9NW





REGISTERED NUMBER: 01268704 (England and Wales)





ACCOUNTANTS: Tayler Bradshaw
Cambridge House
16 High Street
Saffron Walden
Essex
CB10 1AX

P.F.I. COLE LIMITED (REGISTERED NUMBER: 01268704)

BALANCE SHEET
31 JANUARY 2024

31/1/24 31/1/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,894,861 1,960,462

CURRENT ASSETS
Stocks 152,017 144,008
Debtors 5 326,960 650,938
Cash at bank and in hand 152,127 24,410
631,104 819,356
CREDITORS
Amounts falling due within one year 6 82,001 52,762
NET CURRENT ASSETS 549,103 766,594
TOTAL ASSETS LESS CURRENT LIABILITIES 2,443,964 2,727,056

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Capital redemption reserve 111 111
Retained earnings 2,442,853 2,725,945
SHAREHOLDERS' FUNDS 2,443,964 2,727,056

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 28 January 2025 and were signed on its behalf by:





P F I Cole - Director


P.F.I. COLE LIMITED (REGISTERED NUMBER: 01268704)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
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.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 16 ) .

P.F.I. COLE LIMITED (REGISTERED NUMBER: 01268704)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 February 2023 3,228,813 586,159 3,814,972
Additions - 19,269 19,269
Disposals - (88,004 ) (88,004 )
At 31 January 2024 3,228,813 517,424 3,746,237
DEPRECIATION
At 1 February 2023 1,336,474 518,036 1,854,510
Charge for year 64,576 19,716 84,292
Eliminated on disposal - (87,426 ) (87,426 )
At 31 January 2024 1,401,050 450,326 1,851,376
NET BOOK VALUE
At 31 January 2024 1,827,763 67,098 1,894,861
At 31 January 2023 1,892,339 68,123 1,960,462

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/24 31/1/23
£    £   
Trade debtors 176,947 332,486
Other debtors 150,013 318,452
326,960 650,938

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/24 31/1/23
£    £   
Trade creditors 35,500 21,144
Taxation and social security 29,772 11,491
Other creditors 16,729 20,127
82,001 52,762