Postilion Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05588215 (England and Wales)

Financial Statements for the Year Ended 31 October 2021

for

Postilion Limited

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTOR:

M Awad

REGISTERED OFFICE:

100 High Ash Drive

Alwoodley

Leeds

West Yorkshire

LS17 8RE

REGISTERED NUMBER:

05588215 (England and Wales)

ACCOUNTANTS:

Leon & Company

Chartered Accountants

100 High Ash Drive

Alwoodley

Leeds

West Yorkshire

LS17 8RE

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Postilion Limited for the year ended 31 October 2021 which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Postilion Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Postilion Limited and state those matters that we have agreed to state to the director of Postilion Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Postilion Limited and its director for our work or for this report.

It is your duty to ensure that Postilion Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Postilion Limited. You consider that Postilion Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Postilion Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Leon & Company

Chartered Accountants

100 High Ash Drive

Alwoodley

Leeds

West Yorkshire

LS17 8RE

Date: .............................................

FIXED ASSETS

Tangible assets

4

31,611

246

CURRENT ASSETS

Debtors

5

4,354

3,093

Cash at bank and in hand

2,629

11,774

6,983

14,867

CREDITORS

Amounts falling due within one year

6

8,308

14,963

NET CURRENT LIABILITIES

(1,325

)

(96

)

TOTAL ASSETS LESS CURRENT LIABILITIES

30,286

150

CREDITORS

Amounts falling due after more than one year

7

(17,393

)

-

PROVISIONS FOR LIABILITIES

(6,006

)

-

NET ASSETS

6,887

150

CAPITAL AND RESERVES

Called up share capital

8

10

10

Retained earnings

6,877

140

SHAREHOLDERS' FUNDS

6,887

150

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 June 2022 and were signed by:

M Awad - Director

1.	STATUTORY INFORMATION

Postilion 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.

Fixtures and fittings

-

33% on reducing balance

Motor vehicles

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 November 2020

1,018

-

1,801

2,819

Additions

-

33,065

-

33,065

At 31 October 2021

1,018

33,065

1,801

35,884

DEPRECIATION

At 1 November 2020

1,010

-

1,563

2,573

Charge for year

3

1,472

225

1,700

At 31 October 2021

1,013

1,472

1,788

4,273

NET BOOK VALUE

At 31 October 2021

5

31,593

13

31,611

At 31 October 2020

8

-

238

246

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.21

31.10.20

£

£

Trade debtors

500

440

Other debtors

3,854

2,653

4,354

3,093

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.21

31.10.20

£

£

Bank loans and overdrafts

2,000

-

Hire purchase contracts

4,579

-

Trade creditors

-

111

Taxation and social security

-

3,172

Other creditors

1,729

11,680

8,308

14,963

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.21

31.10.20

£

£

Bank loans

7,335

-

Hire purchase contracts

10,058

-

17,393

-

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.21

31.10.20

value:

£

£

10

Ordinary Shares

£1

10

10

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included in other creditors an amount of £49 owed to the director (2020 £Nil).

Included in other debtors is an amount owed from the director of £Nil (2020 £2,653)

This loan is interest free and repayable on demand.

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party are the shareholders Mr M Awad and Mrs J Awad, due to them owning 50% each of the issued share capital.