Pencari Ltd - Accounts to registrar (filleted) - small 18.2
Pencari Ltd - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE PERIOD 1 NOVEMBER 2018 TO 31 MARCH 2020 |
| FOR |
| PENCARI LTD |
| PENCARI LTD (REGISTERED NUMBER: 07803190) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE PERIOD 1 NOVEMBER 2018 TO 31 MARCH 2020 |
| Page |
| Balance sheet | 1 |
| Notes to the financial statements | 2 |
| PENCARI LTD (REGISTERED NUMBER: 07803190) |
| BALANCE SHEET |
| 31 MARCH 2020 |
| 2020 | 2018 |
| Notes | £ | £ | £ | £ |
| Fixed assets |
| Tangible assets | 4 |
| Current assets |
| Debtors | 5 |
| Cash at bank |
| Creditors |
| Amounts falling due within one year | 6 |
| Net current (liabilities)/assets | ( |
) |
| Total assets less current liabilities |
| Provisions for liabilities | 7 |
| Net assets |
| Capital and reserves |
| Called up share capital | 8 |
| Retained earnings |
| Shareholders' funds |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Statement of comprehensive income has not been delivered. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| PENCARI LTD (REGISTERED NUMBER: 07803190) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE PERIOD 1 NOVEMBER 2018 TO 31 MARCH 2020 |
| 1. | Statutory information |
| Pencari Ltd is a private company, limited by shares, registered in England and Wales. The company's registered number is 07803190. The registered office is 7 & 8 Church Street, Wimborne, Dorset, BH21 1JH and the company's business address is Combe Cottage, Combe Davey, Brompton Ralph, Taunton, Somerset, TA4 2RZ. |
| 2. | Accounting policies |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents amounts receivable in respect of services provided in the ordinary course of business. Turnover is recognised when the service has been provided to the customer. |
| Tangible fixed assets |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Computer equipment | - |
| Taxation |
| Taxation for the period 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 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 period 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 |
| Financial instruments |
| Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities. |
| At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate. |
| Change in accounting period |
| On 13 May 2020, the company extended its accounting period to 31 March 2020 to be in line with the tax year. Therefore, the figures for the previous period are not directly comparable. |
| 3. | Employees and directors |
| The average number of employees during the period was |
| PENCARI LTD (REGISTERED NUMBER: 07803190) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 1 NOVEMBER 2018 TO 31 MARCH 2020 |
| 4. | Tangible fixed assets |
| Fixtures |
| Plant and | and | Computer |
| machinery | fittings | equipment | Totals |
| £ | £ | £ | £ |
| Cost |
| At 1 November 2018 |
| and 31 March 2020 |
| Depreciation |
| At 1 November 2018 |
| Charge for period |
| At 31 March 2020 |
| Net book value |
| At 31 March 2020 |
| At 31 October 2018 |
| 5. | Debtors: amounts falling due within one year |
| 2020 | 2018 |
| £ | £ |
| Other debtors |
| Directors' current accounts | - | 6,319 |
| 6. | Creditors: amounts falling due within one year |
| 2020 | 2018 |
| £ | £ |
| Tax |
| Directors' current accounts | 1,238 | - |
| Accruals and deferred income |
| 7. | Provisions for liabilities |
| 2020 | 2018 |
| £ | £ |
| Deferred tax |
| Accelerated capital allowances |
| Deferred |
| tax |
| £ |
| Balance at 1 November 2018 |
| Credit to Income statement during period | ( |
) |
| Balance at 31 March 2020 |
| PENCARI LTD (REGISTERED NUMBER: 07803190) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 1 NOVEMBER 2018 TO 31 MARCH 2020 |
| 8. | Called up share capital |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2020 | 2018 |
| value: | £ | £ |
| Ordinary | £1 | 100 | 100 |
| A Ordinary | £1 | 1 | 1 |
| B Ordinary | £1 | 1 | 1 |
| C Ordinary | £1 | 1 | 1 |
| 103 | 103 |
| 9. | Directors' advances, credits and guarantees |
| The following advances and credits to directors subsisted during the period ended 31 March 2020 and the year ended 31 October 2018: |
| 2020 | 2018 |
| £ | £ |
| Balance outstanding at start of period |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of period |
| 10. | Ultimate controlling party |
| During the year, the company was controlled by its directors, Mr and Mrs Williams, who between them owned 100% of the voting share capital. |