Pentire Designs Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08802190 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2021

for

Pentire Designs Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Ms L S Webster

REGISTERED OFFICE:

18, The Lagger

Chalfont St. Giles

Bucks.

HP8 4DG

REGISTERED NUMBER:

08802190 (England and Wales)

ACCOUNTANTS:

Lawson & Co.

18, The Lagger

Chalfont St. Giles

Bucks.

HP8 4DG

FIXED ASSETS

Tangible assets

4

36,568

4,270

CURRENT ASSETS

Debtors

5

1,210

2,985

Cash at bank

47,180

24,574

48,390

27,559

CREDITORS

Amounts falling due within one year

6

27,897

10,996

NET CURRENT ASSETS

20,493

16,563

TOTAL ASSETS LESS CURRENT LIABILITIES

57,061

20,833

CREDITORS

Amounts falling due after more than one year

7

(22,110

)

-

PROVISIONS FOR LIABILITIES

8

(6,948

)

(811

)

NET ASSETS

28,003

20,022

CAPITAL AND RESERVES

Called up share capital

9

1

1

Retained earnings

10

28,002

20,021

SHAREHOLDERS' FUNDS

28,003

20,022

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 4 April 2022 and were signed by:

Ms L S Webster - Director

1.	STATUTORY INFORMATION

Pentire Designs 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.

Plant and machinery etc

-

25% on reducing balance

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.

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 1 (2020 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2021

8,742

Additions

34,416

Disposals

(2,265

)

At 31 December 2021

40,893

DEPRECIATION

At 1 January 2021

4,472

Charge for year

1,503

Eliminated on disposal

(1,650

)

At 31 December 2021

4,325

NET BOOK VALUE

At 31 December 2021

36,568

At 31 December 2020

4,270

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.21

31.12.20

£

£

Trade debtors

1,210

2,985

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.21

31.12.20

£

£

Hire purchase contracts

3,752

-

Taxation and social security

4,777

9,422

Other creditors

19,368

1,574

27,897

10,996

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.21

31.12.20

£

£

Hire purchase contracts

22,110

-

8.	PROVISIONS FOR LIABILITIES

31.12.21

31.12.20

£

£

Deferred tax

6,948

811

Deferred

tax

£

Balance at 1 January 2021

811

Accelerated capital allowances

6,137

Balance at 31 December 2021

6,948

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.21

31.12.20

value:

£

£

1

Ordinary

£1

1

1

10.

RESERVES

Retained

earnings

£

At 1 January 2021

20,021

Profit for the year

46,481

Dividends

(38,500

)

At 31 December 2021

28,002

11.	RELATED PARTY DISCLOSURES

The company is controlled by director and shareholder Ms. L. Webster.

During the year the director, in her capacity as a shareholder, has received dividends amounting to £38,500 (2020: £28,500).