Prickett & Ellis Surveyors Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 05150197 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2022

for

Prickett & Ellis Surveyors Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

6

DIRECTOR:

C Stone

SECRETARY:

N J Ellis

REGISTERED OFFICE:

Cartwrights

Regency House

33 Wood Street

Barnet

Hertfordshire

EN5 4BE

REGISTERED NUMBER:

05150197 (England and Wales)

ACCOUNTANTS:

Cartwrights

Chartered Accountants and Business Advisors

Regency House

33 Wood Street

Barnet

Hertfordshire

EN5 4BE

FIXED ASSETS

Tangible assets

5

16,908

28,493

CURRENT ASSETS

Debtors

6

25,840

22,697

Prepayments and accrued income

6,329

11,839

Cash at bank

24,521

18,452

56,690

52,988

CREDITORS

Amounts falling due within one year

7

80,537

62,952

NET CURRENT LIABILITIES

(23,847

)

(9,964

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(6,939

)

18,529

CREDITORS

Amounts falling due after more than one year

8

(13,871

)

(18,422

)

PROVISIONS FOR LIABILITIES

(3,025

)

-

NET (LIABILITIES)/ASSETS

(23,835

)

107

CAPITAL AND RESERVES

Called up share capital

101

101

Retained earnings

(23,936

)

6

SHAREHOLDERS' FUNDS

(23,835

)

107

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 29 March 2023 and were signed by:

C Stone - Director

1.	STATUTORY INFORMATION

Prickett & Ellis Surveyors 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.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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.

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

33% on cost

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.

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.

Going concern

The going concern basis has been used in preparing these accounts despite net liabilities of £23,835 and net current liabilities of £23,847 due to the ongoing support of the director and shareholder.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

Motor

Computer

property

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 July 2021

and 30 June 2022

19,340

4,501

36,179

3,553

63,573

DEPRECIATION

At 1 July 2021

14,278

4,501

14,321

1,980

35,080

Charge for year

1,687

-

9,045

853

11,585

At 30 June 2022

15,965

4,501

23,366

2,833

46,665

NET BOOK VALUE

At 30 June 2022

3,375

-

12,813

720

16,908

At 30 June 2021

5,062

-

21,858

1,573

28,493

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/6/22

30/6/21

£

£

Trade debtors

3,124

-

Other debtors

21,450

17,450

Directors' current accounts

-

3,620

Tax

1,266

-

Deferred tax asset

-

1,627

25,840

22,697

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/6/22

30/6/21

£

£

Hire purchase contracts

4,551

4,551

Trade creditors

64,202

41,728

Tax

-

5,071

Social security and other taxes

367

319

Pension control account

179

173

VAT

7,685

7,060

Other creditors

103

76

Accruals and deferred income

-

414

Accrued expenses

3,450

3,560

80,537

62,952

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30/6/22

30/6/21

£

£

Hire purchase contracts

13,871

18,422

9.	ULTIMATE CONTROLLING PARTY

The controlling party is C Stone.

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Prickett & Ellis Surveyors Limited for the year ended 30 June 2022 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Prickett & Ellis Surveyors Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Prickett & Ellis Surveyors Limited and state those matters that we have agreed to state to the director of Prickett & Ellis Surveyors Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Prickett & Ellis Surveyors Limited and its director for our work or for this report.

It is your duty to ensure that Prickett & Ellis Surveyors Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Prickett & Ellis Surveyors Limited. You consider that Prickett & Ellis Surveyors Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Prickett & Ellis Surveyors Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Cartwrights

Chartered Accountants and Business Advisors

Regency House

33 Wood Street

Barnet

Hertfordshire

EN5 4BE

Date: .............................................