REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Year Ended 30 April 2021 |
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for |
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Peter Fennell UPVC Specialist Limited |
REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Year Ended 30 April 2021 |
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for |
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Peter Fennell UPVC Specialist Limited |
Peter Fennell UPVC Specialist Limited (Registered number: 06560431) |
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Contents of the Financial Statements |
for the Year Ended 30 April 2021 |
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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 | 4 |
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Peter Fennell UPVC Specialist Limited |
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Company Information |
for the Year Ended 30 April 2021 |
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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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Chartered Certified Accountants |
101 Dunraven Street |
Tonypandy |
CF40 1AR |
Peter Fennell UPVC Specialist Limited (Registered number: 06560431) |
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Balance Sheet |
30 April 2021 |
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30.4.21 | 30.4.20 |
Notes | £ | £ | £ | £ |
Fixed assets |
Intangible assets | 4 |
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Tangible assets | 5 |
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Current assets |
Stocks |
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Debtors | 6 |
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Cash at bank |
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Creditors |
Amounts falling due within one year | 7 |
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Net current assets |
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Total assets less current liabilities |
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Creditors |
Amounts falling due after more than one year | 8 | ( |
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Provisions for liabilities | ( |
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Net assets |
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Capital and reserves |
Called up share capital |
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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. |
Peter Fennell UPVC Specialist Limited (Registered number: 06560431) |
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Balance Sheet - continued |
30 April 2021 |
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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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Peter Fennell UPVC Specialist Limited (Registered number: 06560431) |
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Notes to the Financial Statements |
for the Year Ended 30 April 2021 |
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1. | Statutory information |
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Peter Fennell UPVC Specialist 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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Goodwill |
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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. |
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Tangible fixed assets |
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
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Fixtures and fittings -25% on reducing balance |
Motor vehicles -25% on reducing balance |
Computer equipment -25% on reducing balance |
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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 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. |
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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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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
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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. |
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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. |
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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
Peter Fennell UPVC Specialist Limited (Registered number: 06560431) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 April 2021 |
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3. | Employees and directors |
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The average number of employees during the year was
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4. | Intangible fixed assets |
Goodwill |
£ |
Cost |
At 1 May 2020 |
and 30 April 2021 |
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Amortisation |
At 1 May 2020 |
and 30 April 2021 |
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Net book value |
At 30 April 2021 |
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At 30 April 2020 |
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5. | Tangible fixed assets |
Fixtures |
Plant and | and | Motor | Computer |
machinery | fittings | vehicles | equipment | Totals |
£ | £ | £ | £ | £ |
Cost |
At 1 May 2020 |
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Additions |
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Disposals |
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At 30 April 2021 |
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Depreciation |
At 1 May 2020 |
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Charge for year |
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Eliminated on disposal |
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At 30 April 2021 |
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Net book value |
At 30 April 2021 |
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At 30 April 2020 |
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Included in fixed assets,are assets held under hire purchase agreements with a written down value of £10,107. Accumulated depreciation charged to date amounted to £10,428. |
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6. | Debtors: amounts falling due within one year |
30.4.21 | 30.4.20 |
£ | £ |
Trade debtors |
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Other debtors |
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Peter Fennell UPVC Specialist Limited (Registered number: 06560431) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 April 2021 |
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7. | Creditors: amounts falling due within one year |
30.4.21 | 30.4.20 |
£ | £ |
Bank loans and overdrafts |
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Hire purchase contracts |
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Trade creditors |
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Taxation and social security |
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Other creditors |
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8. | Creditors: amounts falling due after more than one year |
30.4.21 | 30.4.20 |
£ | £ |
Hire purchase contracts |
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Other creditors |
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9. | Secured debts |
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The following secured debts are included within creditors: |
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30.4.21 | 30.4.20 |
£ | £ |
Hire purchase contracts | 8,980 | 13,135 |
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10. | Post balance sheet events |
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Covid-19 is not expected to have a significant impact on the entity. The director has determined that there is no material uncertainty that casts doubt on the entity's ability to continue as a going concern. It expects that COVID-19 might have some impact, though not significant, for example, in relation to future performance. |
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11. | Ultimate controlling party |
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Mr Peter Fennell who, together with his wife, owns 100% of the issued share capital of the company and is the ultimate controlling party. |