P.R. Freddi Ltd. - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03322424 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2020

FOR

P.R. FREDDI LTD.

T/A

PRF BUILDING CONTRACTORS

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

R Bhikarry

REGISTERED OFFICE:

15 Deepdene Road

Welling

Kent

DA16 3QL

REGISTERED NUMBER:

03322424 (England and Wales)

ACCOUNTANTS:

Robsons Accountants

19 Montpelier Avenue

Bexley

Kent

DA5 3AP

BANKERS:

HSBC Bank plc

31 Euston Road

Camden

London

NW1 2ST

FIXED ASSETS

Tangible assets

4

3,875

6,430

CURRENT ASSETS

Debtors

5

13,484

149,680

Cash at bank and in hand

319,449

147,528

332,933

297,208

CREDITORS

Amounts falling due within one year

6

(15,264

)

(75,864

)

NET CURRENT ASSETS

317,669

221,344

TOTAL ASSETS LESS CURRENT LIABILITIES

321,544

227,774

CREDITORS

Amounts falling due after more than one year

7

(50,000

)

-

NET ASSETS

271,544

227,774

CAPITAL AND RESERVES

Called up share capital

500

500

Capital redemption reserve

1,000

1,000

Retained earnings

270,044

226,274

SHAREHOLDERS' FUNDS

271,544

227,774

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2020 in accordance with Section 476 of the Companies Act 2006.

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.

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 23 July 2021 and were signed by:

R Bhikarry - Director

1.	STATUTORY INFORMATION

P.R. Freddi Ltd. 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2019 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 November 2019

43,176

Disposals

(12,621

)

At 31 October 2020

30,555

DEPRECIATION

At 1 November 2019

36,746

Charge for year

1,291

Eliminated on disposal

(11,357

)

At 31 October 2020

26,680

NET BOOK VALUE

At 31 October 2020

3,875

At 31 October 2019

6,430

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade debtors

13,165

136,814

Other debtors

319

12,866

13,484

149,680

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade creditors

6,029

37,451

Taxation and social security

7,260

32,475

Other creditors

1,975

5,938

15,264

75,864

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2020

2019

£

£

Bank loans

50,000

-

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

10,000

-