Pentire Designs Limited - Accounts to registrar (filleted) - small 18.2

Pentire Designs Limited - Accounts to registrar (filleted) - small 18.2

PENTIRE DESIGNS LIMITED - Company Information

Print Friendly Version

PTP Accounts Production v22.1.2.16 08802190 director 1.1.22 31.12.22 31.12.22 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure088021902021-12-31088021902022-12-31088021902022-01-012022-12-31088021902020-12-31088021902021-01-012021-12-31088021902021-12-3108802190ns16:EnglandWales2022-01-012022-12-3108802190ns15:PoundSterling2022-01-012022-12-3108802190ns11:Director12022-01-012022-12-3108802190ns11:PrivateLimitedCompanyLtd2022-01-012022-12-3108802190ns11:SmallEntities2022-01-012022-12-3108802190ns11:AuditExempt-NoAccountantsReport2022-01-012022-12-3108802190ns11:SmallCompaniesRegimeForDirectorsReport2022-01-012022-12-3108802190ns11:SmallCompaniesRegimeForAccounts2022-01-012022-12-3108802190ns11:FullAccounts2022-01-012022-12-3108802190ns11:OrdinaryShareClass12022-01-012022-12-3108802190ns11:RegisteredOffice2022-01-012022-12-3108802190ns6:CurrentFinancialInstruments2022-12-3108802190ns6:CurrentFinancialInstruments2021-12-3108802190ns6:Non-currentFinancialInstruments2022-12-3108802190ns6:Non-currentFinancialInstruments2021-12-3108802190ns6:ShareCapital2022-12-3108802190ns6:ShareCapital2021-12-3108802190ns6:RetainedEarningsAccumulatedLosses2022-12-3108802190ns6:RetainedEarningsAccumulatedLosses2021-12-3108802190ns6:PlantMachinery2022-01-012022-12-3108802190ns6:PlantMachinery2021-12-3108802190ns6:PlantMachinery2022-12-3108802190ns6:PlantMachinery2021-12-3108802190ns6:WithinOneYearns6:CurrentFinancialInstruments2022-12-3108802190ns6:WithinOneYearns6:CurrentFinancialInstruments2021-12-3108802190ns6:DeferredTaxation2021-12-3108802190ns6:DeferredTaxation2022-12-3108802190ns11:OrdinaryShareClass12022-12-3108802190ns6:RetainedEarningsAccumulatedLosses2021-12-3108802190ns6:RetainedEarningsAccumulatedLosses2022-01-012022-12-31
REGISTERED NUMBER: 08802190 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2022

for

Pentire Designs Limited
Lawson & Co.
18, The Lagger
Chalfont St. Giles
Bucks.
HP8 4DG








Pentire Designs Limited (Registered number: 08802190)






Contents of the Financial Statements
for the Year Ended 31 December 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Pentire Designs Limited

Company Information
for the Year Ended 31 December 2022







DIRECTOR: Ms L S Webster





REGISTERED OFFICE: 18, The Lagger
Chalfont St. Giles
Bucks.
HP8 4DG





REGISTERED NUMBER: 08802190 (England and Wales)





ACCOUNTANTS: Lawson & Co.
18, The Lagger
Chalfont St. Giles
Bucks.
HP8 4DG
Page 1
Pentire Designs Limited (Registered number: 08802190)

Balance Sheet
31 December 2022

31.12.22 31.12.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 33,485 36,568

CURRENT ASSETS
Debtors 5 4,264 1,210
Cash at bank 30,158 47,180
34,422 48,390
CREDITORS
Amounts falling due within one year 6 15,868 27,897
NET CURRENT ASSETS 18,554 20,493
TOTAL ASSETS LESS CURRENT
LIABILITIES
52,039
57,061

CREDITORS
Amounts falling due after more than one
year
7
(19,108
)
(22,110
)

PROVISIONS FOR LIABILITIES 8 (6,362 ) (6,948 )
NET ASSETS 26,569 28,003

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 10 26,568 28,002
SHAREHOLDERS' FUNDS 26,569 28,003

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

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

The director acknowledges her 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 notes form part of these financial statements

Page 2 continued...
Pentire Designs Limited (Registered number: 08802190)

Balance Sheet - continued
31 December 2022


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 18 September 2023 and were signed by:





Ms L S Webster - Director


The notes form part of these financial statements

Page 3
Pentire Designs Limited (Registered number: 08802190)

Notes to the Financial Statements
for the Year Ended 31 December 2022

1. STATUTORY INFORMATION

Pentire Designs 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. 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.
Plant and machinery etc - 25% on reducing balance

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 4 continued...
Pentire Designs Limited (Registered number: 08802190)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2022 40,893
Additions 3,719
Disposals (3,993 )
At 31 December 2022 40,619
DEPRECIATION
At 1 January 2022 4,325
Charge for year 4,748
Eliminated on disposal (1,939 )
At 31 December 2022 7,134
NET BOOK VALUE
At 31 December 2022 33,485
At 31 December 2021 36,568

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Trade debtors 4,264 1,210

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Hire purchase contracts 3,752 3,752
Taxation and social security 8,102 4,777
Other creditors 4,014 19,368
15,868 27,897

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.22 31.12.21
£    £   
Hire purchase contracts 19,108 22,110

8. PROVISIONS FOR LIABILITIES
31.12.22 31.12.21
£    £   
Deferred tax 6,362 6,948

Page 5 continued...
Pentire Designs Limited (Registered number: 08802190)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 January 2022 6,948
Accelerated capital allowances (586 )
Balance at 31 December 2022 6,362

9. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.12.22 31.12.21
value: £    £   
1 Ordinary £1 1 1

10. RESERVES
Retained
earnings
£   

At 1 January 2022 28,002
Profit for the year 31,566
Dividends (33,000 )
At 31 December 2022 26,568

11. RELATED PARTY DISCLOSURES

The company is controlled by director and shareholder Ms. L. Webster.

During the year the director, in her capacity as a shareholder, has received dividends amounting to £33,000(2021: £38,500).

Page 6