P & D Bond Kitchen Fitters Limited - Accounts to registrar (filleted) - small 18.2

P & D BOND KITCHEN FITTERS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29TH FEBRUARY 2020

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

8

DIRECTORS:

P J Bond

D P Bond

P M Bond

REGISTERED OFFICE:

Charter House

103-105 Leigh Road

Leigh-on-Sea

Essex

SS9 1JL

REGISTERED NUMBER:

07963867 (England and Wales)

ACCOUNTANTS:

Clouders

Chartered Certified Accountants

Charter House

103-105 Leigh Road

Leigh-on-Sea

Essex

SS9 1JL

FIXED ASSETS

Intangible assets

4

6,247

9,369

Tangible assets

5

41,422

28,128

47,669

37,497

CURRENT ASSETS

Debtors

6

27,365

45,650

Cash at bank

30,862

9,261

58,227

54,911

CREDITORS

Amounts falling due within one year

7

61,652

74,227

NET CURRENT LIABILITIES

(3,425

)

(19,316

)

TOTAL ASSETS LESS CURRENT LIABILITIES

44,244

18,181

CREDITORS

Amounts falling due after more than one year

8

(10,651

)

-

PROVISIONS FOR LIABILITIES

(4,641

)

(4,021

)

NET ASSETS

28,952

14,160

CAPITAL AND RESERVES

Called up share capital

3

3

Retained earnings

28,949

14,157

SHAREHOLDERS' FUNDS

28,952

14,160

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29th February 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 29th February 2020 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 12th June 2020 and were signed on its behalf by:

P J Bond - Director

D P Bond - Director

P M Bond - Director

1.	STATUTORY INFORMATION

P & D Bond Kitchen Fitters 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are

measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

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 or loss on a straight line basis over

the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2019 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st March 2019

and 29th February 2020

31,226

AMORTISATION

At 1st March 2019

21,857

Charge for year

3,122

At 29th February 2020

24,979

NET BOOK VALUE

At 29th February 2020

6,247

At 28th February 2019

9,369

5.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1st March 2019

12,559

11,916

39,106

1,842

65,423

Additions

-

-

19,980

365

20,345

Disposals

-

-

(7,495

)

-

(7,495

)

At 29th February 2020

12,559

11,916

51,591

2,207

78,273

DEPRECIATION

At 1st March 2019

-

9,990

25,634

1,671

37,295

Charge for year

-

482

4,065

292

4,839

Eliminated on disposal

-

-

(5,283

)

-

(5,283

)

At 29th February 2020

-

10,472

24,416

1,963

36,851

NET BOOK VALUE

At 29th February 2020

12,559

1,444

27,175

244

41,422

At 28th February 2019

12,559

1,926

13,472

171

28,128

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

follows:

Motor

vehicles

£

COST

Additions

19,980

At 29th February 2020

19,980

DEPRECIATION

Charge for year

1,249

At 29th February 2020

1,249

NET BOOK VALUE

At 29th February 2020

18,731

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade debtors

-

43,650

Other debtors

27,365

2,000

27,365

45,650

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Bank loans and overdrafts

-

9,837

Hire purchase contracts

4,565

-

Taxation and social security

53,408

44,799

Other creditors

3,679

19,591

61,652

74,227

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2020

2019

£

£

Hire purchase contracts

10,651

-

9.	RELATED PARTY DISCLOSURES

10.	ULTIMATE CONTROLLING PARTY

The controlling party is P J Bond.

The following reproduces the text of the report prepared for the directors in respect of the

company's annual unaudited financial statements. In accordance with the Companies Act

2006, the company is only required to file a Balance Sheet. Readers are cautioned that the

Income Statement and certain other primary statements and the Report of the Directors are

not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 29th February 2020 set out on pages three to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Clouders

Chartered Certified Accountants

Charter House

103-105 Leigh Road

Leigh-on-Sea

Essex

SS9 1JL

Date: .............................................