Petray Industries Limited - Accounts to registrar (filleted) - small 18.2
Petray Industries Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 30 September 2021 |
| for |
| Petray Industries Limited |
| Petray Industries Limited (Registered number: 06370727) |
| Contents of the Financial Statements |
| for the Year Ended 30 September 2021 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| Petray Industries Limited |
| Company Information |
| for the Year Ended 30 September 2021 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Woodlands Grange |
| Woodlands Lane |
| Bradley Stoke |
| Bristol |
| BS32 4JY |
| Petray Industries Limited (Registered number: 06370727) |
| Balance Sheet |
| 30 September 2021 |
| 30.9.21 | 30.9.20 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks | 5 |
| Debtors | 6 |
| Cash in hand | ( |
) |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 8 | ( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 11 |
| Retained earnings | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| 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. |
| 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 |
| Petray Industries Limited (Registered number: 06370727) |
| Notes to the Financial Statements |
| for the Year Ended 30 September 2021 |
| 1. | STATUTORY INFORMATION |
| Petray Industries Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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 |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Computer equipment | - |
| 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. |
| 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. |
| Going concern |
| The company continues to trade as a going concern with the financial support and backing of the director P. Southall. |
| COVID-19 has impacted the company. The company has received a grant and taken out an interruption loan to help with finances. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| Petray Industries Limited (Registered number: 06370727) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 September 2021 |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Plant and | and | Computer |
| machinery | fittings | equipment | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 October 2020 |
| and 30 September 2021 |
| DEPRECIATION |
| At 1 October 2020 |
| Charge for year |
| At 30 September 2021 |
| NET BOOK VALUE |
| At 30 September 2021 |
| At 30 September 2020 |
| 5. | STOCKS |
| 30.9.21 | 30.9.20 |
| £ | £ |
| Stocks |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.9.21 | 30.9.20 |
| £ | £ |
| Trade debtors |
| Directors' current accounts | 28,264 | 24,053 |
| Tax |
| Prepayments and accrued income |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.9.21 | 30.9.20 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Tax | ( |
) |
| Social security and other taxes |
| VAT | 5,529 | 4,035 |
| Other creditors |
| Accrued expenses |
| Petray Industries Limited (Registered number: 06370727) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 September 2021 |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 30.9.21 | 30.9.20 |
| £ | £ |
| Bank loans - 1-2 years |
| Bank loans - 2-5 years |
| Bank loans more 5 yr by instal |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Bank loans more 5 yr by instal | 14,326 | 20,193 |
| 9. | LEASING AGREEMENTS |
| Minimum lease payments under non-cancellable operating leases fall due as follows: |
| 30.9.21 | 30.9.20 |
| £ | £ |
| Within one year |
| Between one and five years |
| In more than five years |
| 10. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 30.9.21 | 30.9.20 |
| £ | £ |
| Bank overdrafts |
| Bank loans |
| There is a fixed and floating charge over the undertaking and all property and assets present and future including goodwill, book debts, uncalled share capital, fixtures, plant and machinery in respect of the overdraft. |
| The bank loan is secured by the government under the Bounce back Loan Scheme. |
| 11. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 30.9.21 | 30.9.20 |
| value: | £ | £ |
| Ordinary Shares | £1 | 100 | 100 |
| Petray Industries Limited (Registered number: 06370727) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 September 2021 |
| 12. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the years ended 30 September 2021 and 30 September 2020: |
| 30.9.21 | 30.9.20 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |
| 13. | ULTIMATE CONTROLLING PARTY |
| The controlling party is P C Southall. |