Company Registration No. 00878552 (England and Wales)
Predanda Limited
Unaudited accounts
for the year ended 31 October 2024
Predanda Limited
Unaudited accounts
Contents
Predanda Limited
Company Information
for the year ended 31 October 2024
Directors
Mr D Roper
Mr T Roper
Company Number
00878552 (England and Wales)
Registered Office
Beckley Hill Works
Lower Higham
Rochester
Kent
ME3 7HX
Accountants
TJ Whiffen
70 Rede Court Road
Strood
Rochester
Kent
ME2 3TF
Predanda Limited
Accountants' report
Accountants' report to the board of directors of Predanda Limited on the preparation of the unaudited statutory accounts for the year ended 31 October 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Predanda Limited for the year ended
31 October 2024 as set out on pages
5 -
8 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 of Predanda Limited , as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Predanda Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Predanda Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Predanda Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Predanda Limited . You consider that Predanda Limited 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 accounts of Predanda Limited . 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 accounts.
TJ Whiffen
70 Rede Court Road
Strood
Rochester
Kent
ME2 3TF
29 November 2024
Predanda Limited
Statement of financial position
as at 31 October 2024
Tangible assets
11,012
16,174
Cash at bank and in hand
2,360
8,978
Creditors: amounts falling due within one year
(173,279)
(134,897)
Net current assets
14,177
49,680
Total assets less current liabilities
25,189
65,854
Creditors: amounts falling due after more than one year
(7,035)
(21,791)
Provisions for liabilities
Called up share capital
6,250
6,250
Share premium
24,700
24,700
Profit and loss account
(13,552)
10,040
Shareholders' funds
17,398
40,990
For the year ending 31 October 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 20 January 2025 and were signed on its behalf by
Mr T Roper
Director
Company Registration No. 00878552
Predanda Limited
Notes to the Accounts
for the year ended 31 October 2024
Predanda Limited is a private company, limited by shares, registered in England and Wales, registration number 00878552. The registered office is Beckley Hill Works, Lower Higham, Rochester, Kent, ME3 7HX.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents net invoiced sales of goods, excluding value added tax.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% on cost
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Predanda Limited
Notes to the Accounts
for the year ended 31 October 2024
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Government grants in relation to revenue are recognised in income on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate.
The Company has received assistance from the government by way of the Bounce Back Loan Scheme. Grants received in respect of loan interest are included under other operating income.
Expenditure on research and development is written off in the year in which it is incurred.
4
Tangible fixed assets
Total
At 1 November 2023
437,612
At 31 October 2024
437,612
At 1 November 2023
421,438
At 31 October 2024
426,600
Allotted, called up and fully paid:
5,500 Ordinary shares of £1 each
5,500
5,500
750 Non-Redeemable 3.5% Preference of £1 each
750
750
6
Operating lease commitments
2024
2023
At 31 October 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Later than one year and not later than five years
35,196
35,196
7
Transactions with related parties
During the year, total dividends of £76,560 (2023 - £69,275) was paid to the directors.
At the balance sheet date £3,882 (2023 - £3,882) was owed to the directors by the Company.
Predanda Limited
Notes to the Accounts
for the year ended 31 October 2024
8
Average number of employees
During the year the average number of employees was 13 (2023: 14).