Pedarson Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 04692863 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2022

for

Pedarson Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P J Richardson

D N Richardson

REGISTERED OFFICE:

Unit 16 Martlesham Creek Ind Est

Sandy Lane

Martlesham

Woodbridge

Suffolk

IP12 4SD

REGISTERED NUMBER:

04692863 (England and Wales)

ACCOUNTANTS:

FWD Accounts Limited

7 Forbes Business Centre

Kempson Way

Bury St Edmunds

Suffolk

IP32 7AR

FIXED ASSETS

Tangible assets

3

77,540

23,290

Investments

4

17,955

17,955

95,495

41,245

CURRENT ASSETS

Stocks

662,292

515,884

Debtors

5

141,092

129,104

Cash at bank and in hand

762,441

584,255

1,565,825

1,229,243

CREDITORS

Amounts falling due within one year

6

531,130

374,959

NET CURRENT ASSETS

1,034,695

854,284

TOTAL ASSETS LESS CURRENT LIABILITIES

1,130,190

895,529

PROVISIONS FOR LIABILITIES

14,733

2,219

NET ASSETS

1,115,457

893,310

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,115,357

893,210

1,115,457

893,310

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 16 December 2022 and were signed on its behalf by:

P J Richardson - Director

D N Richardson - Director

1.	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.

Plant and machinery etc

-

25% on reducing balance and 20% on reducing balance

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 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments

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.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2021 - 14 ) .

3.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2021

78,000

Additions

86,980

Disposals

(29,604

)

At 31 March 2022

135,376

DEPRECIATION

At 1 April 2021

54,710

Charge for year

19,387

Eliminated on disposal

(16,261

)

At 31 March 2022

57,836

NET BOOK VALUE

At 31 March 2022

77,540

At 31 March 2021

23,290

4.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2021

and 31 March 2022

17,955

NET BOOK VALUE

At 31 March 2022

17,955

At 31 March 2021

17,955

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/22

31/3/21

£

£

Trade debtors

129,870

128,804

Other debtors

11,222

300

141,092

129,104

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/22

31/3/21

£

£

Trade creditors

266,245

162,158

Taxation and social security

241,189

196,359

Other creditors

23,696

16,442

531,130

374,959