Pentstrend General Trading Co. Limited - Accounts to registrar (filleted)

PENTSTREND GENERAL TRADING CO.

LIMITED

REPORT OF THE DIRECTORS AND

ABRIDGED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 DECEMBER 2024

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

C E Marsh

A C Bernstein

SECRETARY:

A C Bernstein

REGISTERED OFFICE:

4 Churchill Court

58 Station Road

North Harrow

Middlesex

HA2 7ST

REGISTERED NUMBER:

00825546

ACCOUNTANTS:

ADAMS MOORHOUSE LIMITED, Chartered Accountants

4 Churchill Court

58 Station Road

North Harrow

Middlesex

HA2 7ST

BANKERS:

Barclays Bank PLC

30 High Street

Southampton

SO9 7AB

FIXED ASSETS

Tangible assets

5

361,690

484,517

CURRENT ASSETS

Stocks

21,188

19,262

Debtors

6

46,457

76,154

Cash at bank and in hand

1,029,806

791,144

1,097,451

886,560

CREDITORS

Amounts falling due within one year

7

69,724

109,486

NET CURRENT ASSETS

1,027,727

777,074

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,389,417

1,261,591

PROVISIONS FOR LIABILITIES

28,325

CAPITAL AND RESERVES

Called up share capital

100

Revaluation reserve

8

162,571

Retained earnings

1,198,421

1,070,595

SHAREHOLDERS' FUNDS

1,361,092

1,233,266

1,389,417

1,261,591

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 September 2025 and were signed on its behalf by:

C E Marsh - Director

1.	STATUTORY INFORMATION

Pentstrend General Trading Co. Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Preparation of consolidated financial statements

The financial statements contain information about Pentstrend General Trading Co. Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

at variable rates on reducing balance

Plant and machinery etc

-

33.3% on cost, 25% on reducing balance and 15% on 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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

Cost or valuation

At 1 January 2024

519,951

70,692

590,643

Additions

-

7,091

Disposals

(135,000

)

-

(135,000

)

At 31 December 2024

384,951

77,783

462,734

Depreciation

At 1 January 2024

56,121

50,005

106,126

Charge for year

6,577

4,531

11,108

Eliminated on disposal

(16,190

)

-

(16,190

)

At 31 December 2024

46,508

54,536

101,044

Net book value

At 31 December 2024

338,443

23,247

361,690

At 31 December 2023

463,830

20,687

484,517

Cost or valuation at 31 December 2024 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

Valuation in 2014

67,053

-

67,053

Valuation in 2017

53,359

-

53,359

Valuation in 2021

17,786

-

17,786

Cost

246,753

77,783

324,536

384,951

77,783

462,734

If freehold property had not been revalued it would have been included at the following historical cost:

2024

2023

£

Cost

246,753

381,758

Aggregate depreciation

10,933

27,123

Value of land in freehold land and buildings

235,820

354,635

Freehold property was valued on an open market basis on 31 December 2024 by the directors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade debtors

1,845

1,772

Other debtors

44,612

74,382

46,457

76,154

Included in other debtors is an amount of £39,473 (2023 - £66,948) due from a company under the control of the directors.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade creditors

39,773

52,523

Taxation and social security

20,263

39,887

Other creditors

9,688

17,076

69,724

109,486

8.

RESERVES

Revaluation

reserve

£

At 1 January 2024

and 31 December 2024

162,571

9.	CONTINGENT LIABILITIES

As far as the Board is aware, there were no contingent liabilities at the balance sheet date.

10.	RELATED PARTY DISCLOSURES

Management charges of £30,000 (2023 - £20,000) relate to amounts paid to a company beneficially held by the directors.

11.	ULTIMATE CONTROLLING PARTY

The controlling party is C E Marsh.