Registered number
11093888
Pig On The Hill Ltd
Filleted Accounts
31 December 2020
Pig On The Hill Ltd
Company Information
Director
L J Martin
Accountants
Anderson Griffin
Rotunda Buildings
Montpellier Exchange
Cheltenham
Glos
Registered office
20-22 Wenlock Road
London
Registered number
11093888
Pig On The Hill Ltd
Registered number: 11093888
Balance Sheet
as at 31 December 2020
Notes 2020 2019
£ £
Fixed assets
Tangible assets 3 25,440 47,000
Current assets
Stocks - 7,983
Debtors 4 191,096 224,528
Cash at bank and in hand 21,894 33,601
212,990 266,112
Creditors: amounts falling due within one year 5 (226,930) (300,471)
Net current liabilities (13,940) (34,359)
Total assets less current liabilities 11,500 12,641
Creditors: amounts falling due after more than one year 6 (50,000) -
Net (liabilities)/assets (38,500) 12,641
Capital and reserves
Called up share capital 1 1
Profit and loss account (38,501) 12,640
Shareholder's funds (38,500) 12,641
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
L J Martin
Director
Approved by the board on 30 April 2025
Pig On The Hill Ltd
Notes to the Accounts
for the year ended 31 December 2020
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Motor vehicles over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2020 2019
Number Number
Average number of persons employed by the company 39 39
3 Tangible fixed assets
Plant and machinery Motor vehicles Total
£ £ £
Cost
At 1 January 2020 57,597 1,500 59,097
Additions 949 - 949
Disposals (16,000) (1,500) (17,500)
At 31 December 2020 42,546 - 42,546
Depreciation
At 1 January 2020 11,797 300 12,097
Charge for the year 8,309 200 8,509
On disposals (3,000) (500) (3,500)
At 31 December 2020 17,106 - 17,106
Net book value
At 31 December 2020 25,440 - 25,440
At 31 December 2019 45,800 1,200 47,000
4 Debtors 2020 2019
£ £
Trade debtors - 4,458
Intercompany loans 173,265 174,870
Directors loans 16,830 16,906
Other debtors 1,001 28,294
191,096 224,528
5 Creditors: amounts falling due within one year 2020 2019
£ £
Trade creditors 19,835 147,605
Taxation and social security costs 199,511 147,777
Other creditors 7,584 5,089
226,930 300,471
6 Creditors: amounts falling due after one year 2020 2019
£ £
Bank loans 50,000 -
7 Controlling party
The company is controlled by the director.
8 Other information
Pig On The Hill Ltd is a private company limited by shares and incorporated in England. Its registered office is:
20-22 Wenlock Road
London
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