Priceright Developments Limited - Accounts to registrar (filleted) - small 18.2
Priceright Developments Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 APRIL 2021 |
| FOR |
| PRICERIGHT DEVELOPMENTS LIMITED |
| PRICERIGHT DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05771689) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 APRIL 2021 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| PRICERIGHT DEVELOPMENTS LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 30 APRIL 2021 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Certified Accountants |
| Solar House |
| 282 Chase Road |
| London |
| N14 6NZ |
| PRICERIGHT DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05771689) |
| BALANCE SHEET |
| 30 APRIL 2021 |
| 30.4.21 | 30.4.20 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks | 5 |
| Debtors | 6 |
| Cash at bank and 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 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 9 |
| 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. |
| PRICERIGHT DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05771689) |
| BALANCE SHEET - continued |
| 30 APRIL 2021 |
| In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
| The financial statements were approved by the director and authorised for issue on |
| PRICERIGHT DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05771689) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 APRIL 2021 |
| 1. | STATUTORY INFORMATION |
| Priceright Developments Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents amounts derived from the provision of services to customers during the year, and is recognised at the date the service was provided. This is stated after trade discounts, other sales taxes and net of VAT. |
| Tangible fixed assets |
| Fixtures fittings & equipment | - |
| Computer equipment | - |
| Government grants |
| Government grants represents income received in the form of the Job Retention Scheme (JRS) received from the Government during the COVID-19 pandemic. It also includes the first year of interest for the company on the Bounce Back Loan (BBL) it received during the year. |
| The grants are recognised on the accruals basis in the same period as the expenditure that it is intended to compensate. |
| 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 tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
| Current 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. |
| 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 |
| PRICERIGHT DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05771689) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 APRIL 2021 |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| fittings | Motor | Computer |
| & equipment | vehicles | equipment | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 May 2020 |
| Additions |
| At 30 April 2021 |
| DEPRECIATION |
| At 1 May 2020 |
| and 30 April 2021 |
| NET BOOK VALUE |
| At 30 April 2021 |
| At 30 April 2020 |
| 5. | STOCKS |
| 30.4.21 | 30.4.20 |
| £ | £ |
| Stocks and works in progress |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.4.21 | 30.4.20 |
| £ | £ |
| Trade debtors |
| Related company |
| Other debtors | 10,760 | - |
| VAT | 12,141 | - |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.4.21 | 30.4.20 |
| £ | £ |
| Bank loans and overdrafts |
| Amount due to related company |
| Trade creditors |
| Tax |
| Social security and other taxes |
| VAT | - | 7,654 |
| Directors' current accounts |
| Accrued expenses |
| PRICERIGHT DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05771689) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 APRIL 2021 |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 30.4.21 | 30.4.20 |
| £ | £ |
| Bank loans - 1-2 years |
| Bank loans - 2-5 years |
| 9. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 30.4.21 | 30.4.20 |
| value: | £ | £ |
| Ordinary A share | £1 | 300 | 300 |
| Ordinary B share | £1 | 100 | 100 |
| 400 | 400 |