Pendley Limited,Ltd - AccountsLtd - Accounts

Pendley Limited,Ltd - AccountsLtd - Accounts

PENDLEY LIMITED - Company Information

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2020-02-01 04359290 2021-01-31 04359290 2020-02-01 2021-01-31 04359290 2020-01-31 04359290 2019-02-01 2020-01-31 04359290 uk-core:WithinOneYear 2020-01-31 04359290 uk-core:WithinOneYear 2021-01-31 04359290 uk-core:AfterOneYear 2020-01-31 04359290 uk-core:AfterOneYear 2021-01-31 04359290 uk-core:ShareCapital 2021-01-31 04359290 uk-core:ShareCapital 2020-01-31 04359290 uk-core:RetainedEarningsAccumulatedLosses 2021-01-31 04359290 uk-core:RetainedEarningsAccumulatedLosses 2020-01-31 04359290 uk-bus:Director1 2020-02-01 2021-01-31 04359290 uk-core:PlantMachinery 2020-02-01 2021-01-31 04359290 uk-core:ComputerEquipment 2020-02-01 2021-01-31 04359290 uk-core:CommercialMotorVehicles 2020-02-01 2021-01-31 04359290 uk-core:ComputerEquipment 2020-01-31 04359290 uk-core:CommercialMotorVehicles 2020-01-31 04359290 uk-core:PlantMachinery 2020-01-31 04359290 uk-core:PlantMachinery 2021-01-31 04359290 uk-core:CommercialMotorVehicles 2021-01-31 04359290 uk-core:ComputerEquipment 2021-01-31 04359290 uk-core:WithinOneYear 2021-01-31 04359290 uk-core:WithinOneYear 2020-01-31 04359290 uk-core:AfterOneYear uk-core:Secured 2021-01-31 04359290 uk-core:AfterOneYear uk-core:Secured 2020-01-31 iso4217:GBP xbrli:pure 04359290 uk-bus:AuditExemptWithAccountantsReport 2020-02-01 2021-01-31 04359290 uk-bus:FRS102 2020-02-01 2021-01-31 04359290 uk-bus:FullAccounts 2020-02-01 2021-01-31 04359290 uk-bus:PrivateLimitedCompanyLtd 2020-02-01 2021-01-31
Pendley Limited
Registered Number:04359290
For the year ended 31 January 2021
England and Wales
Unaudited Financial Statements
2
For the year ended 31 January 2021
Pendley Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
04359290
As at 31 January 2021
Pendley Limited
Statement of Financial Position
£
£
2020
2021
Notes
Fixed assets
Property, plant and equipment
44,472
17,199
2
Financial assets
100
100
44,572
17,299
Current assets
Inventories
94,042
744,093
3
Trade and other receivables
660,457
748,948
4
1,273
Cash and cash equivalents
59,978
1,553,019
755,772
Trade and other payables: amounts falling due within one
year
(160,053)
(1,247,978)
5
595,719
305,041
Net current assets
Total assets less current liabilities
349,613
613,018
Trade and other payables: amounts falling due after more
than one year
(630,000)
(420,000)
6
(70,387)
Net liabilities
(16,982)
Capital and reserves
Called up share capital
2
2
Retained earnings
(70,389)
(16,984)
(70,387)
(16,982)
Shareholders' funds
For the year ended 31 January 2021 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2021 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Miss J Oakes Director
These financial statements were approved and authorised for issue by the Board on 27 January 2022 and were signed by:
1 of 4
4
Registered Number :
04359290
For the year ended 31 January 2021
Pendley Limited
Statement of Financial Position Continued
The notes form part of these financial statements
2 of 4
5
For the year ended 31 January 2021
Pendley Limited
Notes to the Financial Statements
Statutory Information
Pendley Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number
04359290.
Registered address:
23 Porters Wood
St Albans
Hertfordshire
AL3 6PQ
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
25% Reducing balance
50% Reducing balance
Computer equipment
25% Reducing balance
Motor vehicles
2. Property, plant and equipment
Total
Computer
equipment
Motor vehicles
Plant and
machinery
£
£
£
£
Cost or
valuation
At 01 February 2020
35,978
1,483
34,495
-
42,162
-
29,167
12,995
Additions
At 31 January 2021
12,995
63,662
1,483
78,140
Provision for depreciation and impairment
At 01 February 2020
18,779
1,289
17,490
-
Charge for year
14,889
97
11,543
3,249
At 31 January 2021
33,668
1,386
29,033
3,249
At 31 January 2021
Net book value
9,746
34,629
97
44,472
At 31 January 2020
-
17,005
194
17,199
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6
For the year ended 31 January 2021
Pendley Limited
Notes to the Financial Statements Continued
3. Inventories
2020
2021
£
£
Stocks
744,093
94,042
4. Trade and other receivables
2020
2021
£
£
Amounts owed by group undertakings and participating interests
715,775
646,600
Other debtors
33,173
13,857
660,457
748,948
The debtors above include the following amounts falling due after more than one year:
Amounts owed by group undertakings and participating interests
715,775
646,600
5. Trade and other payables: amounts falling due within one year
2020
2021
£
£
Bank loans and overdraft
1,003,323
-
Trade creditors
120,026
62,002
Taxation and social security
4,334
4,147
Other creditors
120,295
93,904
1,247,978
160,053
6. Trade and other payables: amounts falling due after more than one year
2020
2021
£
£
Bank loans and overdraft
20,000
-
Other creditors
400,000
630,000
420,000
630,000
7. Average number of persons employed
During the year the average number of employees was 1 (2020 : 1)
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