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Unaudited Financial Statements |
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for the Period 1 April 2021 to 30 September 2022 |
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for |
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PSD Kitchens & Bathrooms Limited |
REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Period 1 April 2021 to 30 September 2022 |
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for |
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PSD Kitchens & Bathrooms Limited |
PSD Kitchens & Bathrooms Limited (Registered number: 06549850) |
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Contents of the Financial Statements |
for the Period 1 April 2021 to 30 September 2022 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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PSD Kitchens & Bathrooms Limited |
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Company Information |
for the Period 1 April 2021 to 30 September 2022 |
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DIRECTOR: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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19 Warren Park Way |
Enderby |
Leicester |
LE19 4SA |
PSD Kitchens & Bathrooms Limited (Registered number: 06549850) |
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Balance Sheet |
30 September 2022 |
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30.9.22 | 31.3.21 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Stocks |
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Debtors | 5 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT LIABILITIES | ( |
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CAPITAL AND RESERVES |
Called up share capital | 7 |
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Retained earnings | ( |
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SHAREHOLDERS' FUNDS | ( |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director and authorised for issue on
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PSD Kitchens & Bathrooms Limited (Registered number: 06549850) |
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Notes to the Financial Statements |
for the Period 1 April 2021 to 30 September 2022 |
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1. | STATUTORY INFORMATION |
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PSD Kitchens & Bathrooms Limited is a
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
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Tangible fixed assets |
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Plant and machinery etc | - |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
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Taxation |
Taxation for the period 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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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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. |
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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. |
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Going concern |
The financial statements have been prepared on the going concern basis which assumes the company will continue to trade. The assumption depends upon the ability of the director to maintain the necessary financial support. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the period was
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PSD Kitchens & Bathrooms Limited (Registered number: 06549850) |
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Notes to the Financial Statements - continued |
for the Period 1 April 2021 to 30 September 2022 |
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4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
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COST |
At 1 April 2021 |
and 30 September 2022 |
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DEPRECIATION |
At 1 April 2021 |
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Charge for period |
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At 30 September 2022 |
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NET BOOK VALUE |
At 30 September 2022 |
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At 31 March 2021 |
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Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
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Plant and |
machinery |
etc |
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COST |
At 1 April 2021 |
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Transfer to ownership | (11,991 | ) |
At 30 September 2022 |
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DEPRECIATION |
At 1 April 2021 |
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Transfer to ownership | (7,670 | ) |
At 30 September 2022 |
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NET BOOK VALUE |
At 30 September 2022 |
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At 31 March 2021 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.9.22 | 31.3.21 |
£ | £ |
Trade debtors |
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Other debtors |
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Prepayments |
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PSD Kitchens & Bathrooms Limited (Registered number: 06549850) |
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Notes to the Financial Statements - continued |
for the Period 1 April 2021 to 30 September 2022 |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.9.22 | 31.3.21 |
£ | £ |
Bank loans and overdrafts |
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Hire purchase contracts |
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Trade creditors |
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VAT | - | 722 |
Directors' current accounts | 19,878 | 32,328 |
Accrued expenses |
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7. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 30.9.22 | 31.3.21 |
value: | £ | £ |
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Ordinary | £1.00 | 100 | 100 |
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8. | GOING CONCERN |
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As explained in the accounting policies, the accounts have been prepared on a going concern basis. The ability to trade depends substantially on the continued support of the company's director. We have accepted management assurances that the director will maintain the financial support outlined above. |