Ping Plastering Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07983738 (England and Wales)

PING PLASTERING LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

S Bird

REGISTERED OFFICE:

104 Southover

London

N12 7HD

REGISTERED NUMBER:

07983738 (England and Wales)

ACCOUNTANTS:

Eric R Jenkins FCA

Chartered Accountants

104 Southover

London

N12 7HD

FIXED ASSETS

Tangible assets

4

389

517

CURRENT ASSETS

Debtors

5

1,653

1,535

Cash at bank

29,633

38,544

31,286

40,079

CREDITORS

Amounts falling due within one year

6

15,674

17,144

NET CURRENT ASSETS

15,612

22,935

TOTAL ASSETS LESS CURRENT LIABILITIES

16,001

23,452

CAPITAL AND RESERVES

Called up share capital

7

1

1

Retained earnings

16,000

23,451

SHAREHOLDERS' FUNDS

16,001

23,452

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 June 2021 and were signed by:

S Bird - Director

1.	STATUTORY INFORMATION

Ping Plastering 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.

Plant and machinery

-

25% on reducing balance

Equipment

-

25% on reducing balance

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - 1 ).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

Equipment

Totals

£

£

£

COST

At 1 April 2020

and 31 March 2021

4,770

376

5,146

DEPRECIATION

At 1 April 2020

4,291

338

4,629

Charge for year

119

9

128

At 31 March 2021

4,410

347

4,757

NET BOOK VALUE

At 31 March 2021

360

29

389

At 31 March 2020

479

38

517

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Trade debtors

1,653

1,535

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Taxation and social security

12,559

15,667

Other creditors

3,115

1,477

15,674

17,144

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.21

31.3.20

value:

£

£

1

Ordinary

£1

1

1