Priory Property Maintenance (Pembs) Ltd - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 11306939 (England and Wales)

PRIORY PROPERTY MAINTENANCE (PEMBS) LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2022

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr A L D P Johnson

REGISTERED OFFICE:

Am-Byth

Long Mains

Monkton

Pembroke

Pembrokeshire

SA71 4JB

REGISTERED NUMBER:

11306939 (England and Wales)

ACCOUNTANTS:

Llewelyn Davies

Chartered Accountants

50 Queen Street

Pembroke Dock

Pembrokeshire

SA72 6JE

FIXED ASSETS

Tangible assets

4

29,937

-

CURRENT ASSETS

Debtors

5

71,508

30,476

Cash at bank

18,850

-

90,358

30,476

CREDITORS

Amounts falling due within one year

6

46,079

11,645

NET CURRENT ASSETS

44,279

18,831

TOTAL ASSETS LESS CURRENT LIABILITIES

74,216

18,831

PROVISIONS FOR LIABILITIES

4,065

-

NET ASSETS

70,151

18,831

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

70,150

18,830

70,151

18,831

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2022 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 January 2023 and were signed by:

Mr A L D P Johnson - Director

1.	STATUTORY INFORMATION

Priory Property Maintenance (Pembs) 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

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2021 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

Additions

22,466

10,417

633

33,516

At 30 April 2022

22,466

10,417

633

33,516

DEPRECIATION

Charge for year

3,370

-

209

3,579

At 30 April 2022

3,370

-

209

3,579

NET BOOK VALUE

At 30 April 2022

19,096

10,417

424

29,937

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

71,508

8,386

Other debtors

-

22,090

71,508

30,476

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade creditors

11,111

114

Taxation and social security

23,316

11,031

Other creditors

11,652

500

46,079

11,645

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2022 and 30 April 2021:

2022

2021

£

£

Mr A L D P Johnson

Balance outstanding at start of year

22,090

-

Amounts advanced

-

22,090

Amounts repaid

(22,090

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

22,090