Andrew Petch Building and Carpentry Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11517730 (England and Wales)

Andrew Petch Building and Carpentry Ltd

Unaudited Financial Statements for the Year Ended 31 August 2021

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

7

DIRECTOR:

A Petch

REGISTERED OFFICE:

8 Meon Road

Campden Road

MIckleton

Gloucestershire

GL55 6TD

REGISTERED NUMBER:

11517730 (England and Wales)

ACCOUNTANTS:

D & S Plumb Accountants Limited

19 A/B Blackwell Bus. Park

Blackwell

Shipston-on-Stour

Warwickshire

CV36 4PE

FIXED ASSETS

Tangible assets

4

20,566

14,257

CURRENT ASSETS

Debtors

5

59,471

54,984

Cash at bank

33,983

34,694

93,454

89,678

CREDITORS

Amounts falling due within one year

6

55,589

45,256

NET CURRENT ASSETS

37,865

44,422

TOTAL ASSETS LESS CURRENT LIABILITIES

58,431

58,679

CREDITORS

Amounts falling due after more than one year

7

56,080

60,661

NET ASSETS/(LIABILITIES)

2,351

(1,982

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

2,350

(1,983

)

2,351

(1,982

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2021 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 12 January 2022 and were signed by:

A Petch - Director

1.	STATUTORY INFORMATION

Andrew Petch Building and Carpentry 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 3 (2020 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2020

14,789

Additions

24,407

Disposals

(14,187

)

At 31 August 2021

25,009

DEPRECIATION

At 1 September 2020

532

Charge for year

4,211

Eliminated on disposal

(300

)

At 31 August 2021

4,443

NET BOOK VALUE

At 31 August 2021

20,566

At 31 August 2020

14,257

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 September 2020

12,950

Additions

16,585

Disposals

(12,950

)

At 31 August 2021

16,585

DEPRECIATION

At 1 September 2020

274

Charge for year

3,805

Eliminated on disposal

(274

)

At 31 August 2021

3,805

NET BOOK VALUE

At 31 August 2021

12,780

At 31 August 2020

12,676

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

505

-

Other debtors

58,966

54,984

59,471

54,984

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Bank loans and overdrafts

3,922

-

Hire purchase contracts

3,549

1,880

Trade creditors

16,777

11,758

Taxation and social security

16,993

21,420

Other creditors

14,348

10,198

55,589

45,256

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2021

2020

£

£

Bank loans

46,078

50,000

Hire purchase contracts

10,002

10,661

56,080

60,661

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

22,549

-

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

2021

2020

£

£

A Petch

Balance outstanding at start of year

25,762

8,739

Amounts advanced

-

17,023

Amounts repaid

(1,841

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

23,921

25,762

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 August 2021 set out on pages three to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

D & S Plumb Accountants Limited

19 A/B Blackwell Bus. Park

Blackwell

Shipston-on-Stour

Warwickshire

CV36 4PE

12 January 2022