Pestkill Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 05549498 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST AUGUST 2022

FOR

PESTKILL LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M R Brown

L T Cull

REGISTERED OFFICE:

Unit 4

Second Avenue Business Park

Millbrook

Southampton

SO15 0LP

REGISTERED NUMBER:

05549498 (England and Wales)

FIXED ASSETS

Tangible assets

4

11,790

15,055

CURRENT ASSETS

Stocks

1,525

1,387

Debtors

5

55,476

45,016

Cash at bank and in hand

62,636

59,151

119,637

105,554

CREDITORS

Amounts falling due within one year

6

56,955

50,001

NET CURRENT ASSETS

62,682

55,553

TOTAL ASSETS LESS CURRENT LIABILITIES

74,472

70,608

CREDITORS

Amounts falling due after more than one year

7

(22,667

)

(31,861

)

PROVISIONS FOR LIABILITIES

(2,240

)

(2,860

)

NET ASSETS

49,565

35,887

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

49,563

35,885

SHAREHOLDERS' FUNDS

49,565

35,887

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 2022 in accordance with Section 476 of the Companies Act 2006.

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.

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 Board of Directors and authorised for issue on 24th March 2023 and were signed on its behalf by:

M R Brown - Director

L T Cull - Director

1.	STATUTORY INFORMATION

Pestkill Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

33% on cost and 25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit and loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2021 - 14 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st September 2021

54,208

Additions

606

Disposals

(690

)

At 31st August 2022

54,124

DEPRECIATION

At 1st September 2021

39,153

Charge for year

3,871

Eliminated on disposal

(690

)

At 31st August 2022

42,334

NET BOOK VALUE

At 31st August 2022

11,790

At 31st August 2021

15,055

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1st September 2021

and 31st August 2022

25,000

DEPRECIATION

At 1st September 2021

16,649

Charge for year

2,088

At 31st August 2022

18,737

NET BOOK VALUE

At 31st August 2022

6,263

At 31st August 2021

8,351

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.22

31.8.21

£

£

Trade debtors

41,483

38,673

Other debtors

13,993

6,343

55,476

45,016

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.22

31.8.21

£

£

Bank loans and overdrafts

8,000

8,000

Hire purchase contracts

1,194

3,666

Trade creditors

3,506

6,985

Taxation and social security

35,662

26,283

Other creditors

8,593

5,067

56,955

50,001

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.22

31.8.21

£

£

Bank loans

22,667

30,667

Hire purchase contracts

-

1,194

22,667

31,861

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.8.22

31.8.21

£

£

Hire purchase contracts

1,194

4,860

The hire purchase agreements are secured on the assets in which they relate.

9.	OTHER FINANCIAL COMMITMENTS

The total operating lease commitments amounted to £3,780 (2021 : £7,560) of which, an amount of £3,780 (2021 : £3,780) is due within 1 year.

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st August 2022 and 31st August 2021:

31.8.22

31.8.21

£

£

M R Brown

Balance outstanding at start of year

2,649

(67

)

Amounts advanced

29,864

47,216

Amounts repaid

(34,837

)

(44,500

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(2,324

)

2,649

The terms agreed are that the advances are repayable on demand and interest is to be charged on all advances at the official rate where the balance exceeds £10,000 at any time during the year.