Demero PFT Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04988579 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2021

for

Demero PFT Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

Mrs L J Hodge

REGISTERED OFFICE:

Bo Peep Farm

Aynho Farm

Adderbury

Oxfordshire

OX17 3NP

REGISTERED NUMBER:

04988579 (England and Wales)

ACCOUNTANTS:

Aspen Waite South Ltd

Boston House

Grove Business Park

Wantage

Oxfordshire

OX12 9FF

FIXED ASSETS

Tangible assets

4

207

413

CURRENT ASSETS

Debtors

5

10,804

86,991

Cash at bank

3,962

13,251

14,766

100,242

CREDITORS

Amounts falling due within one year

6

1,148

64,485

NET CURRENT ASSETS

13,618

35,757

TOTAL ASSETS LESS CURRENT LIABILITIES

13,825

36,170

CAPITAL AND RESERVES

Called up share capital

7

2

2

Retained earnings

13,823

36,168

SHAREHOLDERS' FUNDS

13,825

36,170

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 8 September 2022 and were signed by:

Mrs L J Hodge - Director

1.	STATUTORY INFORMATION

Demero PFT 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

-

20% on cost

Computer equipment

-

20% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2021

and 31 December 2021

117

3,730

3,847

DEPRECIATION

At 1 January 2021

117

3,317

3,434

Charge for year

-

206

206

At 31 December 2021

117

3,523

3,640

NET BOOK VALUE

At 31 December 2021

-

207

207

At 31 December 2020

-

413

413

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.21

31.12.20

£

£

Other debtors

10,804

86,991

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.21

31.12.20

£

£

Bank loans and overdrafts

7

-

Trade creditors

-

24,288

Taxation and social security

-

17,907

Other creditors

1,141

22,290

1,148

64,485

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.21

31.12.20

value:

£

£

2

Ordinary

1

2

2

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2021 and 31 December 2020:

31.12.21

31.12.20

£

£

Mrs L J Hodge

Balance outstanding at start of year

5,208

42,559

Amounts advanced

-

149

Amounts repaid

(5,210

)

(37,500

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(2

)

5,208