P & D Bond Kitchen Fitters Limited - Accounts to registrar (filleted) - small 18.2

P & D BOND KITCHEN FITTERS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28TH FEBRUARY 2022

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

8

DIRECTORS:

P J Bond

D P Bond

REGISTERED OFFICE:

Charter House

103-105 Leigh Road

Leigh-on-Sea

Essex

SS9 1JL

REGISTERED NUMBER:

07963867 (England and Wales)

ACCOUNTANTS:

Clouders

Chartered Certified Accountants

Charter House

103-105 Leigh Road

Leigh-on-Sea

Essex

SS9 1JL

FIXED ASSETS

Intangible assets

4

-

3,125

Tangible assets

5

34,529

34,144

34,529

37,269

CURRENT ASSETS

Debtors

6

81,623

59,378

Cash at bank and in hand

2,663

54,171

84,286

113,549

CREDITORS

Amounts falling due within one year

7

80,832

66,408

NET CURRENT ASSETS

3,454

47,141

TOTAL ASSETS LESS CURRENT LIABILITIES

37,983

84,410

CREDITORS

Amounts falling due after more than one year

8

(32,982

)

(56,086

)

PROVISIONS FOR LIABILITIES

(3,282

)

(5,718

)

NET ASSETS

1,719

22,606

CAPITAL AND RESERVES

Called up share capital

3

3

Retained earnings

1,716

22,603

SHAREHOLDERS' FUNDS

1,719

22,606

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 2022 in accordance with Section 476 of the Companies Act 2006.

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.

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 Board of Directors and authorised for issue on 18th July 2022 and were signed on its behalf by:

P J Bond - Director

D P Bond - Director

1.	STATUTORY INFORMATION

P & D Bond Kitchen Fitters 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 represents net invoiced sales of goods and services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2021 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st March 2021

and 28th February 2022

31,226

AMORTISATION

At 1st March 2021

28,101

Charge for year

3,125

At 28th February 2022

31,226

NET BOOK VALUE

At 28th February 2022

-

At 28th February 2021

3,125

5.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1st March 2021

12,559

11,916

51,591

2,207

78,273

Additions

-

-

7,545

324

7,869

At 28th February 2022

12,559

11,916

59,136

2,531

86,142

DEPRECIATION

At 1st March 2021

-

10,833

31,211

2,085

44,129

Charge for year

-

271

6,983

230

7,484

At 28th February 2022

-

11,104

38,194

2,315

51,613

NET BOOK VALUE

At 28th February 2022

12,559

812

20,942

216

34,529

At 28th February 2021

12,559

1,083

20,380

122

34,144

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1st March 2021

and 28th February 2022

19,980

DEPRECIATION

At 1st March 2021

1,249

Charge for year

3,512

At 28th February 2022

4,761

NET BOOK VALUE

At 28th February 2022

15,219

At 28th February 2021

18,731

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

67,945

28,166

Other debtors

13,678

31,212

81,623

59,378

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Bank loans and overdrafts

17,546

883

Hire purchase contracts

4,565

4,565

Taxation and social security

31,330

58,533

Other creditors

27,391

2,427

80,832

66,408

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Bank loans

31,460

50,000

Hire purchase contracts

1,522

6,086

32,982

56,086

9.	RELATED PARTY DISCLOSURES

10.	ULTIMATE CONTROLLING PARTY

The controlling party is P J Bond.

The following reproduces the text of the report prepared for the directors 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 Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 28th February 2022 set out on pages three to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Clouders

Chartered Certified Accountants

Charter House

103-105 Leigh Road

Leigh-on-Sea

Essex

SS9 1JL

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