Registered number
12265640
Pestell FVA Ltd
Filleted Accounts
for the period ended
31 October 2024
Pestell FVA Ltd
Registered number: 12265640
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 237 810
Current assets
Debtors 4 18,742 21,335
Cash at bank and in hand 7,082 22,846
25,824 44,181
Creditors: amounts falling due within one year 5 (8,351) (8,367)
Net current assets 17,473 35,814
Total assets less current liabilities 17,710 36,624
Creditors: amounts falling due after more than one year 6 (37,876) (41,844)
Provisions for liabilities (45) (154)
Net liabilities (20,211) (5,374)
Capital and reserves
Called up share capital 100 100
Profit and loss account (20,311) (5,474)
Shareholder's funds (20,211) (5,374)
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 her 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.
J Pestell
Director
Approved by the board on 13 May 2025
Pestell FVA Ltd
Notes to the Accounts
for the year ended 31 October 2024
1 Accounting policies
Basis of preparation
The director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the going basis of accounting continues to be used in preparing the annual financial statements. 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.
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:
Office equipment over 3 years
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Office equipment
£
Cost
At 1 November 2023 4,628
At 31 October 2024 4,628
Depreciation
At 1 November 2023 3,818
Charge for the year 573
At 31 October 2024 4,391
Net book value
At 31 October 2024 237
At 31 October 2023 810
4 Debtors 2024 2023
£ £
Trade debtors 17,296 20,590
Other debtors 1,446 745
18,742 21,335
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 490 519
Taxation and social security costs 4,695 6,968
Other creditors 3,166 880
8,351 8,367
6 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 37,876 41,844
7 Other information
Pestell FVA Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Samples Farm, Ashfield Green
Wickhambrook
Newmarket
Suffolk
CB8 8UZ
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