P2F Limited - Accounts to registrar (filleted) - small 23.1.2

P2F Limited - Accounts to registrar (filleted) - small 23.1.2

P2F LIMITED - Company Information

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REGISTERED NUMBER: 07949393 (England and Wales)













Unaudited Financial Statements

for the Year Ended 28th February 2022

for

P2F Limited
P2F Limited (Registered number: 07949393)






Contents of the Financial Statements
for the Year Ended 28th February 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


P2F Limited

Company Information
for the Year Ended 28th February 2022







DIRECTOR: R M Blakeley





REGISTERED OFFICE: Permanent House
1 Dundas Street
Huddersfield
West Yorkshire
HD1 2EX





REGISTERED NUMBER: 07949393 (England and Wales)
Page 1
P2F Limited (Registered number: 07949393)

Balance Sheet
28th February 2022

28.2.22 28.2.21
Notes £    £   
CURRENT ASSETS
Debtors 4 16,667 118,449
Cash at bank 199,629 84,680
216,296 203,129
CREDITORS
Amounts falling due within one year 5 118,753 110,154
NET CURRENT ASSETS 97,543 92,975
TOTAL ASSETS LESS CURRENT
LIABILITIES
97,543
92,975

CREDITORS
Amounts falling due after more than one
year
6
39,670
41,667
NET ASSETS 57,873 51,308

CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Retained earnings 56,873 50,308
SHAREHOLDERS' FUNDS 57,873 51,308

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2022.

The members have not required the Company to obtain an audit of its financial statements for the year ended 28th February 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 14th April 2023 and were signed by:





R M Blakeley - Director


The notes form part of these financial statements

Page 2
P2F Limited (Registered number: 07949393)

Notes to the Financial Statements
for the Year Ended 28th February 2022

1. STATUTORY INFORMATION

P2F 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.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statements if financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are recognised at amortised cost with changes recognised in the income statement.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

Page 3 continued...
P2F Limited (Registered number: 07949393)

Notes to the Financial Statements - continued
for the Year Ended 28th February 2022

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.22 28.2.21
£    £   
Trade debtors 16,667 16,667
Other debtors - 101,782
16,667 118,449

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.22 28.2.21
£    £   
Bank loans and overdrafts 5,472 11,111
Trade creditors - 223
Taxation and social security 16,262 15,320
Other creditors 97,019 83,500
118,753 110,154

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.22 28.2.21
£    £   
Bank loans 39,670 41,667

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years by instalments 17,783 -

7. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 28.2.22 28.2.21
value: £    £   
1,000 Ordinary £1 1,000 1,000

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is R M Blakeley.

Page 4