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COMPANY REGISTRATION NUMBER: 03319565
P V A Hygiene Ltd
Filleted Unaudited Financial Statements
For the year ended
28 February 2025
P V A Hygiene Ltd
Financial Statements
Year ended 28th February 2025
Contents
Page
Officers and professional advisers
1
Statement of financial position
2
Notes to the financial statements
4
P V A Hygiene Ltd
Officers and Professional Advisers
The board of directors
Mr D Wannerton
Mrs C Wannerton
Mr C Wannerton
Company secretary
Mrs C Wannerton
Registered office
Unit 6
Havyat Business Park
Wrington
North Somerset
BS40 5PZ
Accountants
Chalmers HB Ltd
Chartered Accountants
20 Chamberlain Street
Wells
Somerset BA5 2PF
P V A Hygiene Ltd
Statement of Financial Position
28 February 2025
2025
2024
Note
£
£
£
Fixed assets
Intangible assets
5
32,508
36,571
Tangible assets
6
255,623
145,818
---------
---------
288,131
182,389
Current assets
Stocks
281,194
141,906
Debtors
7
435,626
288,654
Cash at bank and in hand
27,115
82,712
---------
---------
743,935
513,272
Creditors: amounts falling due within one year
8
697,576
523,383
---------
---------
Net current assets/(liabilities)
46,359
( 10,111)
---------
---------
Total assets less current liabilities
334,490
172,278
Creditors: amounts falling due after more than one year
9
227,362
116,927
Provisions
Taxation including deferred tax
16,854
20,374
---------
---------
Net assets
90,274
34,977
---------
---------
Capital and reserves
Called up share capital
1,102
1,102
Profit and loss account
89,172
33,875
--------
--------
Shareholders funds
90,274
34,977
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 28th February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
P V A Hygiene Ltd
Statement of Financial Position (continued)
28 February 2025
These financial statements were approved by the board of directors and authorised for issue on 12 June 2025 , and are signed on behalf of the board by:
Mr D Wannerton
Mr C Wannerton
Director
Director
Company registration number: 03319565
P V A Hygiene Ltd
Notes to the Financial Statements
Year ended 28th February 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 6, Havyat Business Park, Wrington, North Somerset, BS40 5PZ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
IP- Ekologik
-
10% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Research and development
Research expenditure is written off in the period in which it is incurred. Development expenditure incurred is capitalised as an intangible asset only when all of the following criteria are met: - It is technically feasible to complete the intangible asset so that it will be available for use or sale; - There is the intention to complete the intangible asset and use or sell it; - There is the ability to use or sell the intangible asset; - The use or sale of the intangible asset will generate probable future economic benefits; - There are adequate technical, financial and other resources available to complete the development and to use or sell the intangible asset; and - The expenditure attributable to the intangible asset during its development can be measured reliably. Expenditure that does not meet the above criteria is expensed as incurred.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Tenant's improvements
-
6% straight line
Plant & Machinery
-
25% reducing balance
Fixtures & Fittings
-
13% reducing balance
Motor vehicles
-
25% reducing balance
Equipment
-
25% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset. Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 18 (2024: 16 ).
5. Intangible assets
Development costs
£
Cost
At 1st March 2024 and 28th February 2025
40,634
--------
Amortisation
At 1st March 2024
4,063
Charge for the year
4,063
--------
At 28th February 2025
8,126
--------
Carrying amount
At 28th February 2025
32,508
--------
At 29th February 2024
36,571
--------
6. Tangible assets
Tenant's improvements
Plant and machinery
Fixtures and fittings
Motor vehicles
Equipment
Total
£
£
£
£
£
£
Cost
At 1 Mar 2024
10,752
210,688
30,508
14,375
10,181
276,504
Additions
22,570
110,525
8,978
1,026
143,099
--------
---------
--------
--------
--------
---------
At 28 Feb 2025
33,322
321,213
39,486
14,375
11,207
419,603
--------
---------
--------
--------
--------
---------
Depreciation
At 1 Mar 2024
105,063
13,345
3,594
8,684
130,686
Charge for the year
2,221
24,485
3,267
2,695
626
33,294
--------
---------
--------
--------
--------
---------
At 28 Feb 2025
2,221
129,548
16,612
6,289
9,310
163,980
--------
---------
--------
--------
--------
---------
Carrying amount
At 28 Feb 2025
31,101
191,665
22,874
8,086
1,897
255,623
--------
---------
--------
--------
--------
---------
At 29 Feb 2024
10,752
105,625
17,163
10,781
1,497
145,818
--------
---------
--------
--------
--------
---------
7. Debtors
2025
2024
£
£
Trade debtors
406,051
275,075
Other debtors
29,575
13,579
---------
---------
435,626
288,654
---------
---------
8. Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
14,959
15,566
Trade creditors
197,442
216,666
Social security and other taxes
49,529
30,594
Other creditors
435,646
260,557
---------
---------
697,576
523,383
---------
---------
9. Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
139,106
104,997
Other creditors
88,256
11,930
---------
---------
227,362
116,927
---------
---------
10. Deferred tax
The deferred tax included in the statement of financial position is as follows:
2025
2024
£
£
Included in provisions
16,854
20,374
--------
--------
The deferred tax account consists of the tax effect of timing differences in respect of:
2025
2024
£
£
Accelerated capital allowances
16,854
20,374
--------
--------
11. Other financial commitments
At the balance sheet date the company had net obligations under operating leases of £51,667 (2024 £71,667). Of this, the annual commitment for the year ending 28 February 2026 amounts to £20,000.
12. Related party transactions
Rental payments amounting to £16,500.00 were paid in the period in respect of the business property, to Mr & Mrs Wannerton which was at a discount to full market rent.