Pestkill Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05549498 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST AUGUST 2018

FOR

PESTKILL LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M R Brown

L T Cull

REGISTERED OFFICE:

Unit 4

Second Avenue Business Park

Millbrook

Southampton

SO15 0LP

REGISTERED NUMBER:

05549498 (England and Wales)

ACCOUNTANTS:

Underwood Barron LLP

Monks Brook House

13 - 17 Hursley Road

Chandlers Ford

Eastleigh

Hampshire

SO53 2FW

FIXED ASSETS

Tangible assets

4

23,783

14,345

CURRENT ASSETS

Stocks

2,720

3,200

Debtors

5

49,693

65,324

Cash at bank and in hand

33,772

16,579

86,185

85,103

CREDITORS

Amounts falling due within one year

6

55,476

34,863

NET CURRENT ASSETS

30,709

50,240

TOTAL ASSETS LESS CURRENT LIABILITIES

54,492

64,585

CREDITORS

Amounts falling due after more than one year

7

(12,193

)

-

PROVISIONS FOR LIABILITIES

(4,519

)

(2,726

)

NET ASSETS

37,780

61,859

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

37,778

61,857

SHAREHOLDERS' FUNDS

37,780

61,859

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 12th February 2019 and were signed on its behalf by:

M R Brown - Director

1.	STATUTORY INFORMATION

Pestkill Limited is a private company, limited by shares , registered in England and Wales. 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.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

33% on cost and 25% 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under

hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated

over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the

future payments is treated as a liability.

Rentals paid under operating leases are charged to profit and loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2017 - 24 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st September 2017

54,919

Additions

25,919

Disposals

(27,813

)

At 31st August 2018

53,025

DEPRECIATION

At 1st September 2017

40,574

Charge for year

9,425

Eliminated on disposal

(20,757

)

At 31st August 2018

29,242

NET BOOK VALUE

At 31st August 2018

23,783

At 31st August 2017

14,345

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1st September 2017

15,913

Additions

25,000

Disposals

(15,913

)

At 31st August 2018

25,000

DEPRECIATION

At 1st September 2017

11,516

Charge for year

5,479

Eliminated on disposal

(11,790

)

At 31st August 2018

5,205

NET BOOK VALUE

At 31st August 2018

19,795

At 31st August 2017

4,397

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.18

31.8.17

£

£

Trade debtors

40,237

37,621

Other debtors

9,456

27,703

49,693

65,324

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.18

31.8.17

£

£

Bank loans and overdrafts

3,681

2,414

Hire purchase contracts

3,666

465

Trade creditors

12,576

12,509

Taxation and social security

27,739

15,734

Other creditors

7,814

3,741

55,476

34,863

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.18

31.8.17

£

£

Hire purchase contracts

12,193

-

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.8.18

31.8.17

£

£

Hire purchase contracts

15,859

465

The hire purchase agreements are secured on the assets in which they relate.

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st August 2018 and 31st August 2017:

31.8.18

31.8.17

£

£

M R Brown

Balance outstanding at start of year

14,727

9,492

Amounts advanced

27,051

29,235

Amounts repaid

(39,000

)

(24,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

2,778

14,727

The terms agreed are that the advances are repayable on demand and interest is to be charged on all advances at the

official rate where the balance exceeds £10,000 at any time during the year.

Interest of £288 (2017: £389) has been charged during the year.