| |
|
2025 |
|
2024 |
| |
|
£ |
£ |
|
£ |
£ |
| Fixed assets |
|
|
64,881 |
|
|
76,031 |
| Current assets |
|
338,841 |
|
|
421,478 |
|
| Creditors: amount falling due within one year |
|
(6,580) |
|
|
(32,247) |
|
|
Net current assets
|
|
|
332,261
|
|
|
389,231
|
|
Total assets less current liabilities
|
|
|
397,142 |
|
|
465,262 |
|
Net assets
|
|
|
397,142 |
|
|
465,262 |
| |
|
|
|
|
|
|
|
Capital and reserves
|
|
|
397,142 |
|
|
465,262 |
| |
NOTES TO THE ACCOUNTS
General Information
Purely Pesto Limited is a private company, limited by shares , registered in England and Wales , registered number 05713785 , registration address 6 Drury Park, Snape, Saxmundham, IP17 1TA.
The presentation currency is £ sterling
| 1. |
Accounting policies
Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Plant and Machinery |
20% Reducing Balance
|
| Motor Vehicles |
20% Reducing Balance
|
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
|
| 2. |
Tangible fixed assets
| Cost or valuation |
Plant and Machinery |
|
Motor Vehicles |
|
Total |
| |
£ |
|
£ |
|
£ |
| At 01 April 2024 |
123,076 |
|
156,507 |
|
279,583 |
| Additions |
5,070 |
|
- |
|
5,070 |
| Disposals |
- |
|
- |
|
- |
| At 31 March 2025 |
128,146 |
|
156,507 |
|
284,653 |
| Depreciation |
| At 01 April 2024 |
96,650 |
|
106,902 |
|
203,552 |
| Charge for year |
6,299 |
|
9,921 |
|
16,220 |
| On disposals |
- |
|
- |
|
- |
| At 31 March 2025 |
102,949 |
|
116,823 |
|
219,772 |
| Net book values |
| Closing balance as at 31 March 2025 |
25,197 |
|
39,684 |
|
64,881 |
| Opening balance as at 01 April 2024 |
26,426 |
|
49,605 |
|
76,031 |
|
| 3. |
Average number of employees
Average number of employees during the year was 6 (2024 : 6).
|
| 4. |
Related parties
During the year the company entered into the following transactions with related parties: | Amount due from/to related party | | Provision for doubtful debt from the related party |
|---|
| 2025
£ | | 2024
£ | | 2025
£ | | 2024
£ |
|---|
| Gavin and Prudence Battle | 156,000 | | 165,584 | | - | | - |
An interest bearing loan was made to the directors during the year ended 31 March 2024.. This loan was fully repaid before the 31st December 2024.
A subsequent loan was advanced to the directors in February 2025 of £156,000 which was outstanding at the year end
Interest was paid on these loans of £5,251 (2024:£3,205) |
For the year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's Responsibilities:
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 01 September 2025 and were signed by: --------------------------------
Gavin Battle
Director |
2
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