Page Pierce Limited - Period Ending 2021-03-31

Page Pierce Limited

(Registration number: 04841399)
Balance Sheet as at 31 March 2021

	2021 £	2020 £
Fixed assets	2,383	4,374
Current assets	67,617	99,336
Prepayments and accrued income	19,045	3,928
Creditors: Amounts falling due within one year	(47,162)	(58,608)
Net current assets	39,500	44,656
Total assets less current liabilities	41,883	49,030
Provisions for liabilities	-	(831)
Accruals and deferred income	(12,928)	(3,390)
	28,955	44,809
Capital and reserves	28,955	44,809

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
2G The Granary
Goblands Farm Business Centre
Cemetery Lane
Hadlow
Kent
TN11 0LT

These financial statements were authorised for issue by the director on 13 November 2020.

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

Change of Financial Reporting Standard

These financial statements have been prepared inaccordance with Financial Reporting Standard 105 (FRS 105) - 'The Financial Reporting Standard applicable to the Micro-entities Regime'. The prior year financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A (FRS 102 S1A) - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. The reason for this change is the company is now under the limits for preparing accounts in accordance with FRS 102 S1A and the director feels that FRS 105 is more applicable to the company with its level of activity. No changes to prior years are required as the only change would be to deferred tax, which is deemed to be an immaterial amount and so has been written off in its entirety in these financial statements.

Page Pierce Limited

(Registration number: 04841399)
Balance Sheet as at 31 March 2021 (continued)

2	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 4 (2020 - 7).

3	Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £15,333 (2020 - £19,333).

4	Related party transactions

Transactions with directors

2021	At 1 April 2020 £	Advances to directors £	Repayments by director £	At 31 March 2021 £
Mr N P Farrance
Director's Loan Account	(20,666)	(13,213)	20,800	(13,079)

2020	At 1 April 2019 £	Advances to directors £	Repayments by director £	At 31 March 2020 £
Mr N P Farrance
Director's Loan Account	(38,573)	(37,180)	55,087	(20,666)

Interest was charged on the above loan at 2.25% per annum. The loan was repaid in full within nine months of the Balance Sheet date. The maximum amount outstanding in the year was £27,122.

Page Pierce Limited

(Registration number: 04841399)
Balance Sheet as at 31 March 2021 (continued)

These financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

For the financial year ending 31 March 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Approved and authorised by the director on 13 November 2020
 

Mr N P Farrance Director