Pencraig Trading Limited
Pencraig Trading Limited
Registered number: 11325301
Unaudited Financial Statements
For The Year Ended
30 April 2021
Andrew Lillingston Limited
13 Hurlingham Studios
Ranelagh Gardens
London
SW6 3PA
Pencraig Trading Limited
Unaudited Financial Statements
For The Year Ended
30 April 2021
Unaudited Financial Statements
Contents | |
Page | |
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Balance Sheet | 1 |
Notes to the Financial Statements | 2—3 |
Pencraig Trading Limited
Balance Sheet
As at
30 April 2021
Balance Sheet
Registered number:
11325301
For the year ending 30 April 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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Notes | £ | £ | £ | £ | |
CURRENT ASSETS | |||||
Debtors | 3 |
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Cash at bank and in hand |
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Creditors: Amounts Falling Due Within One Year | 4 |
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NET CURRENT ASSETS (LIABILITIES) |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES | |||||
Called up share capital | 5 |
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Profit and Loss Account |
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SHAREHOLDERS' FUNDS | 147,532 | 147,204 | |||
Director's responsibilities
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The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. -
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime. - The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Director
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The notes on pages 2 to 3 form part of these financial statements.
Page 1
Pencraig Trading Limited
Notes to the Financial Statements
For The Year Ended
30 April 2021
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Turnover
Turnover represents the amounts (excluding value added tax) derived from the provision of goods and services to customers during the year.
1.3.
Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
1.4.
Taxation
Income tax expense represents the sum of the tax currently payable.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Current tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current tax is also recognised in other comprehensive income or directly in equity respectively.
2.
Average Number of Employees
Average number of employees, including directors, during the year was as follows:
2021 | 2020 | ||
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Office and administration |
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3.
Debtors
2021 | 2020 | ||
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£ | £ | ||
Due within one year | |||
Trade debtors |
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Other debtors |
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4.
Creditors: Amounts Falling Due Within One Year
2021 | 2020 | ||
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£ | £ | ||
Corporation tax |
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Other creditors |
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Accruals and deferred income |
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Director's loan account |
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Page 2
Pencraig Trading Limited
Notes to the Financial Statements (continued)
For The Year Ended
30 April 2021
5.
Share Capital
2021 | 2020 | ||
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Allotted, Called up and fully paid |
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6.
Dividends
2021 | 2020 | ||
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£ | £ | ||
On equity shares: | |||
Interim dividend paid |
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192,500 | 56,500 | ||
7.
General Information
Pencraig Trading Limited
is a private company, limited by shares, incorporated in England & Wales, registered number
11325301
. The registered office is Hurlingham Studios, Ranelagh Gardens, London, SW6 3PA.
Page 3