Company Registration No. 06983204 (England and Wales)
PANDIAL ENGINEERING LTD
Unaudited accounts
for the year ended 31 August 2021
PANDIAL ENGINEERING LTD
Unaudited accounts
Contents
PANDIAL ENGINEERING LTD
Company Information
for the year ended 31 August 2021
Director
Mr. Peter Robert Perceval
Company Number
06983204 (England and Wales)
Registered Office
12E MANOR ROAD
LONDON
N16 5SA
Accountants
Brian G. Lonis & Co Ltd
Accountants & Business Consultants
12E Manor Road
London
N16 5SA
PANDIAL ENGINEERING LTD
Statement of financial position
as at 31 August 2021
Cash at bank and in hand
95,499
120,924
Creditors: amounts falling due within one year
(56,670)
(77,710)
Net current assets
47,970
43,214
Called up share capital
100
100
Profit and loss account
48,196
43,497
Shareholders' funds
48,296
43,597
For the year ending 31 August 2021 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 12 May 2022 and were signed on its behalf by
Mr. Peter Robert Perceval
Director
Company Registration No. 06983204
PANDIAL ENGINEERING LTD
Notes to the Accounts
for the year ended 31 August 2021
PANDIAL ENGINEERING LTD is a private company, limited by shares, registered in England and Wales, registration number 06983204. The registered office is 12E MANOR ROAD, LONDON, N16 5SA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% Reducing Bal Method
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
PANDIAL ENGINEERING LTD
Notes to the Accounts
for the year ended 31 August 2021
4
Tangible fixed assets
Fixtures & fittings
5
Debtors: amounts falling due within one year
2021
2020
6
Creditors: amounts falling due within one year
2021
2020
Taxes and social security
32,477
53,076
Loans from directors
17,134
20,134
7
Transactions with related parties
At the balance sheet date, where the director held controlling interest, the company owed the director £17,134.
The company's ultimate controlling party is Mr. Peter Robert Perceval by virtue of his ownership of 100% of the issued share capital in the company.
9
Average number of employees
During the year the average number of employees was 1 (2020: 1).
