Pearland Power Contracting Limited - Accounts to registrar (filleted) - small 18.2
Pearland Power Contracting Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 JULY 2021 |
| FOR |
| PEARLAND POWER CONTRACTING LIMITED |
| PEARLAND POWER CONTRACTING LIMITED (REGISTERED NUMBER: 00857839) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 JULY 2021 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| PEARLAND POWER CONTRACTING LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 JULY 2021 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Certified Accountants |
| 61 Station Road |
| Sudbury |
| Suffolk |
| CO10 2SP |
| PEARLAND POWER CONTRACTING LIMITED (REGISTERED NUMBER: 00857839) |
| BALANCE SHEET |
| 31 JULY 2021 |
| 31.7.20 | 31.7.21 |
| £ | £ | Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 7 |
| Revaluation reserve | 8 |
| Capital redemption reserve |
| ( |
) | Retained earnings | ( |
) |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their 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. |
| PEARLAND POWER CONTRACTING LIMITED (REGISTERED NUMBER: 00857839) |
| BALANCE SHEET - continued |
| 31 JULY 2021 |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| PEARLAND POWER CONTRACTING LIMITED (REGISTERED NUMBER: 00857839) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 JULY 2021 |
| 1. | STATUTORY INFORMATION |
| Pearland Power Contracting Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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 - 25% on reducing balance |
| Tools and equipment - 10% on reducing balance |
| Freehold property is not depreciated as its carrying value within the balance sheet is considered its current market value. |
| Stocks |
| Work in progress is valued at the lower of cost and net realisable value. |
| Turnover |
| Turnover represents the value of rental income invoiced and received during the year. |
| Financial instruments |
| The company enters into basic financial instrument transactions, as appropriate and as when required, that result in the recognition of financial assets and liabilities within the financial statements such as trade and other accounts receivable and payable, bank loans and hire purchase and lease contracts. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| PEARLAND POWER CONTRACTING LIMITED (REGISTERED NUMBER: 00857839) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 JULY 2021 |
| 4. | TANGIBLE FIXED ASSETS |
| Freehold | Plant and | Tools and |
| Totals | property | machinery | equipment |
| £ | £ | £ | £ |
| COST OR VALUATION |
| At 1 August 2020 |
| Disposals | ( |
) | ( |
) |
| Revaluations |
| At 31 July 2021 |
| DEPRECIATION |
| At 1 August 2020 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 31 July 2021 |
| NET BOOK VALUE |
| At 31 July 2021 |
| At 31 July 2020 |
| Cost or valuation at 31 July 2021 is represented by: |
| Freehold | Plant and | Tools and |
| Totals | property | machinery | equipment |
| £ | £ | £ | £ |
| Valuation in 2017 | 105,645 | 105,645 | - | - |
| Valuation in 2020 | 10,000 | 10,000 | - | - |
| Valuation in 2021 | 30,000 | 30,000 | - | - |
| Cost | 14,189 | 9,725 | 3,704 | 760 |
| 159,834 | 155,370 | 3,704 | 760 |
| Freehold property was valued on an open market basis on 31 July 2021 by the directors . |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.7.21 | 31.7.20 |
| £ | £ |
| Other debtors |
| PEARLAND POWER CONTRACTING LIMITED (REGISTERED NUMBER: 00857839) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 JULY 2021 |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.7.21 | 31.7.20 |
| £ | £ |
| Tax |
| Director's current account | 9,401 | 9,020 |
| Accruals and deferred income |
| 7. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.7.21 | 31.7.20 |
| value: | £ | £ |
| Ordinary shares | £1 | 1,500 | 1,500 |
| 8. | RESERVES |
| Revaluation |
| reserve |
| £ |
| At 1 August 2020 |
| Revaluation in year | 30,000 |
| Movement in deferred tax | (5,700 | ) |
| At 31 July 2021 |