Pendle Connections Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 04206619 (England and Wales)

Financial Statements

for the Year Ended 30 April 2023

for

Pendle Connections Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

W L R Calvert

REGISTERED OFFICE:

Chancery House

30 St Johns Road

Woking

Surrey

GU21 7SA

REGISTERED NUMBER:

04206619 (England and Wales)

ACCOUNTANTS:

Barnbrook Sinclair

Chartered Accountants

Chancery House

30 St Johns Road

Woking

Surrey

GU21 7SA

FIXED ASSETS

Property, plant and equipment

5

4,928

4,471

CURRENT ASSETS

Debtors

6

26,238

8,181

Cash at bank

16,758

36,392

42,996

44,573

CREDITORS

Amounts falling due within one year

7

(31,379

)

(19,343

)

NET CURRENT ASSETS

11,617

25,230

TOTAL ASSETS LESS CURRENT LIABILITIES

16,545

29,701

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

16,445

29,601

SHAREHOLDERS' FUNDS

16,545

29,701

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 November 2023 and were signed by:

W L R Calvert - Director

1.	STATUTORY INFORMATION

Pendle Connections 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.

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

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

Revenue 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.

Computer equipment

-

33% on cost

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

5.	PROPERTY, PLANT AND EQUIPMENT

Computer

equipment

£

Cost

At 1 May 2022

11,115

Additions

3,126

Disposals

(345

)

At 30 April 2023

13,896

Depreciation

At 1 May 2022

6,644

Charge for year

2,631

Eliminated on disposal

(307

)

At 30 April 2023

8,968

Net book value

At 30 April 2023

4,928

At 30 April 2022

4,471

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/4/23

30/4/22

£

£

Trade debtors

25,361

7,314

Other debtors

877

867

26,238

8,181

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/4/23

30/4/22

£

£

Trade creditors

10,488

1,960

Taxation and social security

10,444

10,889

Other creditors

10,447

6,494

31,379

19,343