Advanced Pest Management Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08986442 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2020

FOR

ADVANCED PEST MANAGEMENT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

I L Urquhart

REGISTERED OFFICE:

Sundorne

Adderley Road

Market Drayton

Shropshire

TF9 3SW

REGISTERED NUMBER:

08986442 (England and Wales)

ACCOUNTANTS:

Barringtons Limited

41 Cheshire Street

Market Drayton

Shropshire

TF9 1PH

FIXED ASSETS

Tangible assets

4

25,713

32,142

CURRENT ASSETS

Stocks

2,000

2,000

Debtors

5

28,924

22,821

Cash at bank

18,742

5,057

49,666

29,878

CREDITORS

Amounts falling due within one year

6

37,634

29,441

NET CURRENT ASSETS

12,032

437

TOTAL ASSETS LESS CURRENT LIABILITIES

37,745

32,579

CREDITORS

Amounts falling due after more than one year

7

(5,153

)

(8,833

)

PROVISIONS FOR LIABILITIES

(4,885

)

(6,107

)

NET ASSETS

27,707

17,639

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

27,607

17,539

27,707

17,639

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 October 2020 and were signed by:

I L Urquhart - Director

1.	STATUTORY INFORMATION

Advanced Pest Management 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 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.

Fixtures, fittings and equipment

-

20% on reducing balance

Motor vehicles

-

20% 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 Statement of Income and

Retained Earnings, 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.

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 4 (2019 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures,

fittings

and

Motor

equipment

vehicles

Totals

£

£

£

COST

At 1 April 2019

and 31 March 2020

8,476

46,990

55,466

DEPRECIATION

At 1 April 2019

5,512

17,812

23,324

Charge for year

593

5,836

6,429

At 31 March 2020

6,105

23,648

29,753

NET BOOK VALUE

At 31 March 2020

2,371

23,342

25,713

At 31 March 2019

2,964

29,178

32,142

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

Motor

vehicles

£

COST

At 1 April 2019

and 31 March 2020

17,250

DEPRECIATION

Charge for year

3,450

At 31 March 2020

3,450

NET BOOK VALUE

At 31 March 2020

13,800

At 31 March 2019

17,250

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade debtors

28,924

20,996

Other debtors

-

1,825

28,924

22,821

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Hire purchase contracts

4,416

11,867

Trade creditors

4,452

6,066

Taxation and social security

25,178

8,660

Other creditors

3,588

2,848

37,634

29,441

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2020

2019

£

£

Hire purchase contracts

5,153

8,833

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2020 and

31 March 2019:

2020

2019

£

£

I L Urquhart

Balance outstanding at start of year

1,825

2,250

Amounts advanced

-

2,575

Amounts repaid

(1,825

)

(3,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

1,825