Company Registration No. 03995386 (England and Wales)
Pendle Nutech Limited
Unaudited accounts
for the year ended 31 March 2025
Pendle Nutech Limited
Unaudited accounts
Contents
Pendle Nutech Limited
Company Information
for the year ended 31 March 2025
Directors
Christina Ann Hadfield
Sebastian David Hadfield
Secretary
Christina Ann Hadfield
Company Number
03995386 (England and Wales)
Registered Office
Suite 17, Holker Business Park
Burnley Road
Colne
BB8 8EG
Accountants
Red Rose Accountancy Services Ltd
Arran
Yew Tree Road
Grange-over-Sands
Cumbria
LA11 7AA
Accountants' report to the board of directors on the preparation of the unaudited statutory statements of Pendle Nutech Limited (The Company) for the year ended 31 March 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of the company for the year ended 31 March 2025 which comprises of the profit and loss account, the balance sheet, and explanatory notes from the company's accounting records and from information and explanations which you have provided us with.
As a member firm of the Institute of Financial Accountants (IFA), we are subject to its ethical and other professional requirements which are detailed at https://ifa.org.uk/about-us/acting-in-the-public-interest/memberregulations.
This report is made solely to the board of directors of the company, as a body, in accordance with the terms of our letter of engagement dated . Our work has been undertaken solely to prepare for your approval the financial statements of the company, and state those matters that we have agreed to state to the board of directors of the company as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its board of directors as a body for our work or for this report.
It is your duty to ensure that the company has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and financial performance of the company. You consider that the company is exempt from the requirement to have a statutory audit for the year ended 31 March 2025.
We have not been instructed to carry out any assurance service on the financial statements of the company. 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 financial statements.
Red Rose Accountancy Services Ltd
Financial Accountants
Arran
Yew Tree Road
Grange-over-Sands
Cumbria
LA11 7AA
23 May 2025
Pendle Nutech Limited
Statement of financial position
as at 31 March 2025
Intangible assets
6,000
8,000
Tangible assets
17,843
22,356
Cash at bank and in hand
33,848
27,976
Creditors: amounts falling due within one year
(76,414)
(56,400)
Net current assets
1,755
8,774
Total assets less current liabilities
25,598
39,130
Creditors: amounts falling due after more than one year
(8,545)
(21,005)
Provisions for liabilities
Deferred tax
(3,747)
(4,560)
Called up share capital
101
101
Profit and loss account
13,205
13,464
Shareholders' funds
13,306
13,565
For the year ending 31 March 2025 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.
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 23 May 2025 and were signed on its behalf by
Sebastian David Hadfield
Director
Company Registration No. 03995386
Pendle Nutech Limited
Notes to the Accounts
for the year ended 31 March 2025
Pendle Nutech Limited is a private company, limited by shares, registered in England and Wales, registration number 03995386. The registered office is Suite 17, Holker Business Park, Burnley Road, Colne, BB8 8EG.
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.
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:
Motor vehicles
25% on the reducing balance basis
Fixtures & fittings
33.33% on the reducing balance basis
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Intangible fixed assets are being amortised on a straight line basis over 3 years.
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.
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.
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.
Pendle Nutech Limited
Notes to the Accounts
for the year ended 31 March 2025
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 April 2024
30,340
20,062
50,402
At 31 March 2025
30,340
21,945
52,285
At 1 April 2024
10,116
17,930
28,046
Charge for the year
5,057
1,339
6,396
At 31 March 2025
15,173
19,269
34,442
At 31 March 2025
15,167
2,676
17,843
At 31 March 2024
20,224
2,132
22,356
Amounts falling due within one year
Trade debtors
34,633
29,238
Accrued income and prepayments
3,286
1,493
Pendle Nutech Limited
Notes to the Accounts
for the year ended 31 March 2025
7
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
8,333
8,333
Obligations under finance leases and hire purchase contracts
2,333
2,333
Trade creditors
15,792
19,299
Taxes and social security
27,962
24,731
Loans from directors
20,426
378
The directors loan account is interest-free and repayable on demand.
8
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
-
2,334
Allotted, called up and fully paid:
50 A Ordinary of £1 each
50
50
51 B Ordinary of £1 each
51
51
10
Average number of employees
During the year the average number of employees was 5 (2024: 5).