Peldon Kitchens Ltd - Accounts

Peldon Kitchens Ltd - Accounts

PELDON KITCHENS LTD - Company Information

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Peldon Kitchens Ltd 08127215 Heating engineers false 1 August 2020 08127215 2020-08-01 2021-07-31 08127215 2020-07-31 08127215 2021-07-31 08127215 2019-08-01 2020-07-31 08127215 2019-07-31 08127215 2020-07-31 08127215 frs102-bus:FRS102 2020-08-01 2021-07-31 08127215 frs102-bus:PrivateLimitedCompanyLtd 2020-08-01 2021-07-31 08127215 frs102-bus:FullAccounts 2020-08-01 2021-07-31 08127215 frs102-bus:AuditExempt-NoAccountantsReport 2020-08-01 2021-07-31 08127215 frs102-bus:Director1 2020-08-01 2021-07-31 08127215 frs102-bus:LeadAgentIfApplicable 2020-08-01 2021-07-31 08127215 frs102-bus:RegisteredOffice 2020-08-01 2021-07-31 08127215 frs102-core:CurrentFinancialInstruments 2021-07-31 08127215 frs102-core:CurrentFinancialInstruments 2020-07-31 08127215 frs102-core:Non-currentFinancialInstruments 2021-07-31 08127215 frs102-core:Non-currentFinancialInstruments 2020-07-31 08127215 frs102-core:ShareCapital 2021-07-31 08127215 frs102-core:ShareCapital 2020-07-31 08127215 frs102-core:RetainedEarningsAccumulatedLosses 2021-07-31 08127215 frs102-core:RetainedEarningsAccumulatedLosses 2020-07-31 08127215 frs102-core:OtherPropertyPlantEquipment 2020-08-01 2021-07-31 08127215 frs102-core:VehiclesPlantMachinery 2020-08-01 2021-07-31 08127215 frs102-core:OtherPropertyPlantEquipment 2020-07-31 08127215 frs102-core:VehiclesPlantMachinery 2020-07-31 08127215 frs102-core:OtherPropertyPlantEquipment 2021-07-31 08127215 frs102-core:VehiclesPlantMachinery 2021-07-31 08127215 frs102-core:OtherPropertyPlantEquipment 2020-07-31 08127215 frs102-core:VehiclesPlantMachinery 2020-07-31 xbrli:pure iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares
Registered number
08127215
Peldon Kitchens Ltd
Report and Unaudited Accounts
for the year ended
31 July 2021

Peldon Kitchens Ltd
Company Information



Directors
C Stacey




Accountants
Comprotec UK Ltd
OFFICE 2 TUDOR HOUSE
GRAMMAR SCHOOL ROAD
NORTH WALSHAM
nr28 9jh





Registered Office
Office 2 Tudor House
Grammar School Road
North Walsham
NR28 9JH
England




Registered Number
08127215



Peldon Kitchens Ltd
Director's Report

The director submits the report and financial statements for the year ended 31 July 2021.

Directors
The directors shown below held office during the whole of the accounting period:

C Stacey

The report of the director has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

This report was approved by the board on 20 May 2022.

..........................

C Stacey

Director


Peldon Kitchens Ltd
Profit and Loss Account
for the year ended 31 July 2021

Notes 2021
£		 2020
£
Turnover 174,353 71,414
Cost of sales (85,624) (20,178)
Gross profit 88,729 51,236
Distribution costs (3,389) (2,266)
Administrative expenses (68,416) (28,506)
Operating profit/(loss) 16,924 20,464
Other operating income 24,000 0
Interest payable and similar charges (499) (377)
Profit/(loss) on ordinary activities before taxation 2 40,425 20,087
Tax on ordinary activities 3 (0) (5,049)
Profit/(loss) on ordinary activities after taxation 40,425 15,038
Retained earnings brought forward 27,120 12,082
Retained earnings carried forward 67,545 27,120

Peldon Kitchens Ltd
Balance Sheet
as at 31 July 2021
Notes
 2021
£		 2020
£
Fixed assets
Tangible assets 5 143,443 25,950
143,443 25,950
Current assets
Debtors 6 4,048 471
Cash at bank and in hand 17,655 14,684
21,703 15,155
Creditors: amounts falling due within one year (0) (5,049)
Net current assets / (liabilities) 21,703 10,106
Total assets less current liabilities 165,146 36,056
Creditors: amounts falling due after more than one year 7 (97,600) (2,755)
Provisions for liabilities (0) (6,180)
Total net assets (liabilities) 67,546 27,121
Capital and reserves
Called up share capital 1 1
Profit and loss account 67,545 27,120
Shareholders' funds 67,546 27,121

Peldon Kitchens Ltd
Balance Sheet
as at 31 July 2021



These accounts have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

For the year ending 31 July 2021 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Signed on behalf of the board of directors

...............................

C Stacey

Director


Approved by the board on 20 May 2022

Company Number: 08127215 (a Private Company Limited by Shares registered in England and Wales)

Registered Office:

Office 2 Tudor House
Grammar School Road
North Walsham
NR28 9JH
England

Peldon Kitchens Ltd
Notes to the Accounts
for the year ended 31 July 2021

1. Accounting policies

Basis of preparation of financial statements
These financial statements have been prepared under the historic cost convention in accordance with the accounting policies set out below and with section 1A of FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The presentation currency is sterling.
Tangible fixed assets depreciation policy
Tangible fixed assets are stated at cost less accumulated depreciation and impairment losses. Depreciation is provided, after taking account of any grants receivable, at rates calculated to write off the cost of fixed assets, less the estimated residual value, over their estimated useful lives.
Other 10% Straight Line
Vehicles, plant & machinery 10% Straight Line
2. Profit or loss

Profit before tax is stated after charging the following:
2021
2020
£ £
Directors' remuneration 24,000 0

3. Taxation
2021 2020
£ £
UK Corporation Tax 0 5,049
Tax on profit/(loss) on ordinary activities 0 5,049

4. Employees
2021 2020
Average number of employees during the period 2 2

5. Tangible fixed assets
Other Vehicles, plant & machinery Total
Cost or valuation £ £ £
At 1 August 2020 27,500 12,573 40,073
Additions 0 135,000 135,000
At 31 July 2021 27,500 147,573 175,073
Depreciation
At 1 August 2020 9,596 4,527 14,123
Charge for the period 2,750 14,757 17,507
At 31 July 2021 12,346 19,284 31,630
Net book value
At 31 July 2021 15,154 128,289 143,443
At 31 July 2020 17,904 8,046 25,950

6. Debtors
2021 2020
£ £
Trade debtors 1,376 471
Other debtors 2,672 0
4,048 471

7. Creditors: amounts falling due after one year
2021 2020
£ £
Bank Loans & overdrafts 97,600 2,755
97,600 2,755

8. Dividends
2021 2020
£ £
Total dividend payment 0 0

Peldon Kitchens Ltd
Trading and Profit & Loss Account
For the year ended 31 July 2021
for the information of the Directors only

. . 2021
£		 . 2020
£
Sales
Continuing Operations
Turnover 174,353 71,414
174,353 71,414
Cost of Sales
Material costs 84,124 20,178
Subcontractor costs 1,500 -
85,624 20,178
Selling & Distribution Costs
Vehicle running costs 3,389 2,266
3,389 2,266
Administrative Expenses
Staff Costs
Directors' salaries 24,000 -
24,000 0
Premise Costs
Rent of premises 16,580 14,400
Insurance on premises 1,099 1,076
17,679 15,476
General
Data and telecommunications costs 6,629 5,075
Depreciation of tangible fixed assets 17,507 6,487
24,136 11,562
Legal & Professional
Legal fees 2,200 1,144
Advertising and promotional costs 246 180
2,446 1,324
Finance Charges
Bank charges 155 144
155 144
68,416 28,506
Other Operating Income
Grants and subsidies received 24,000 -
24,000 0
.
Operating Profit 16,924 20,464