Pentire Designs Limited - Accounts to registrar (filleted) - small 23.1.2

PENTIRE DESIGNS LIMITED - Company Information

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REGISTERED NUMBER: 08802190 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2023

for

Pentire Designs Limited

Page

Company Information

Balance Sheet

Notes to the Financial Statements

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

FIXED ASSETS

Tangible assets

30,049

33,485

CURRENT ASSETS

Debtors

4,264

Cash at bank

23,539

30,158

23,539

34,422

CREDITORS

Amounts falling due within one year

15,318

15,868

NET CURRENT ASSETS

8,221

18,554

TOTAL ASSETS LESS CURRENT
LIABILITIES

38,270

52,039

CREDITORS

Amounts falling due after more than one
year

(15,859

)

(19,108

)

PROVISIONS FOR LIABILITIES

(5,709

)

(6,362

)

NET ASSETS

16,702

26,569

CAPITAL AND RESERVES

Called up share capital

Retained earnings

16,701

26,568

SHAREHOLDERS' FUNDS

16,702

26,569

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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 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 April 2024 and were signed by:

Ms L S Webster - Director

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 (2022 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

COST

At 1 January 2023

40,619

Additions

1,235

At 31 December 2023

41,854

DEPRECIATION

At 1 January 2023

7,134

Charge for year

4,671

At 31 December 2023

11,805

NET BOOK VALUE

At 31 December 2023

30,049

At 31 December 2022

33,485

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.23

31.12.22

Trade debtors

4,264

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.23

31.12.22

Hire purchase contracts

3,752

Taxation and social security

5,622

8,102

Other creditors

5,944

4,014

15,318

15,868

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.12.23

31.12.22

Hire purchase contracts

15,859

19,108

8.	PROVISIONS FOR LIABILITIES

31.12.23

31.12.22

Deferred tax

5,709

6,362

Deferred

tax

Balance at 1 January 2023

6,362

Accelerated capital allowances

(653

)

Balance at 31 December 2023

5,709

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.23

31.12.22

value:

Ordinary

£1

10.

RESERVES

Retained

earnings

At 1 January 2023

26,568

Profit for the year

20,133

Dividends

(30,000

)

At 31 December 2023

16,701

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 £30,000 (2022: £33,000).