Control Pest UK Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 07966317 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

CONTROL PEST UK LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr J R Hobbins

Mrs K Hobbins

REGISTERED OFFICE:

20 Apple Way

Old Basing

Basingstoke

Hampshire

RG24 7HA

REGISTERED NUMBER:

07966317 (England and Wales)

ACCOUNTANTS:

Marsland Nash Associates

Chartered Tax Advisers, Accountants

and Business Consultants

Vantage Point House

Silverhills Road

Decoy Industrial Estate

Newton Abbot

Devon

TQ12 5ND

BANKERS:

NatWest

123 Winchester Road

Chandlers Ford

Eastleigh

Hampshire

SO53 2UA

FIXED ASSETS

Intangible assets

4

4,275

4,750

Tangible assets

5

93,437

94,323

97,712

99,073

CURRENT ASSETS

Stocks

6

5,500

4,900

Debtors

7

64,388

85,325

Cash at bank

81,447

81,100

151,335

171,325

CREDITORS

Amounts falling due within one year

8

104,283

87,833

NET CURRENT ASSETS

47,052

83,492

TOTAL ASSETS LESS CURRENT LIABILITIES

144,764

182,565

CREDITORS

Amounts falling due after more than one year

9

(49,866

)

(72,146

)

PROVISIONS FOR LIABILITIES

(17,753

)

(17,921

)

NET ASSETS

77,145

92,498

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

77,045

92,398

SHAREHOLDERS' FUNDS

77,145

92,498

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 June 2023 and were signed on its behalf by:

Mr J R Hobbins - Director

Mrs K Hobbins - Director

1.	STATUTORY INFORMATION

Control Pest UK 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

-

20% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

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 Statement of Income and Retained Earnings, 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 or 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 5 (2022 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2022

and 31 March 2023

9,500

AMORTISATION

At 1 April 2022

4,750

Amortisation for year

475

At 31 March 2023

5,225

NET BOOK VALUE

At 31 March 2023

4,275

At 31 March 2022

4,750

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2022

31,181

5,883

102,233

8,654

147,951

Additions

1,103

1,711

25,417

923

29,154

Disposals

-

-

-

(3,331

)

(3,331

)

At 31 March 2023

32,284

7,594

127,650

6,246

173,774

DEPRECIATION

At 1 April 2022

16,317

1,517

30,458

5,336

53,628

Charge for year

3,194

912

24,298

1,561

29,965

Eliminated on disposal

-

-

-

(3,256

)

(3,256

)

At 31 March 2023

19,511

2,429

54,756

3,641

80,337

NET BOOK VALUE

At 31 March 2023

12,773

5,165

72,894

2,605

93,437

At 31 March 2022

14,864

4,366

71,775

3,318

94,323

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

Motor

vehicles

£

COST

At 1 April 2022

and 31 March 2023

102,233

DEPRECIATION

At 1 April 2022

30,458

Charge for year

17,944

At 31 March 2023

48,402

NET BOOK VALUE

At 31 March 2023

53,831

At 31 March 2022

71,775

6.

STOCKS

2023

2022

£

£

Stocks

5,500

4,900

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade debtors

63,349

84,380

Other debtors

-

12

Prepayments

1,039

933

64,388

85,325

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Bank loans and overdrafts

9,646

9,639

Hire purchase contracts

12,612

12,612

Trade creditors

1,885

4,274

Tax

13,997

8,712

Social security and other taxes

2,378

2,378

VAT

18,599

21,283

Other creditors

3,601

-

Directors' current accounts

39,107

26,436

Accrued expenses

2,458

2,499

104,283

87,833

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023

2022

£

£

Bank loans - 2-5 years

25,190

34,857

Hire purchase contracts

24,676

37,289

49,866

72,146

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

2023

2022

£

£

Mr J R Hobbins and Mrs K Hobbins

Balance outstanding at start of year

(26,436

)

(35,175

)

Amounts advanced

92,546

99,699

Amounts repaid

(105,217

)

(90,960

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(39,107

)

(26,436

)

Loans are interest free, unsecured and repayable on demand.

11.	RELATED PARTY DISCLOSURES

During the year, total dividends of £80,000 were paid to the directors .

12.	GOVERNMENT GUARANTEED LOAN

The bank loan is a COVID-19 Bounce Back Loan, guaranteed by the government. Term runs to July 2026.