Company Registration No. 03995386 (England and Wales)
Pendle Nutech Limited
Unaudited accounts
for the year ended 31 March 2021
Pendle Nutech Limited
Unaudited accounts
Contents
Pendle Nutech Limited
Company Information
for the year ended 31 March 2021
Directors
Christina Ann Hadfield
Sebastian David Hadfield
Secretary
Christina Ann Hadfield
Company Number
03995386 (England and Wales)
Registered Office
The Old School House
Laneshaw Bridge
Colne
Lancashire
BB8 7EQ
United Kingdom
Accountants
Red Rose Accountancy Services Ltd
Green Head Garden
Storth Road, Storth
Milnthorpe
Cumbria
LA7 7HF
Pendle Nutech Limited
Statement of financial position
as at
31 March 2021
Intangible assets
3,933
-
Tangible assets
7,275
9,697
Cash at bank and in hand
55,357
16,788
Creditors: amounts falling due within one year
(48,812)
(29,250)
Net current assets
38,152
10,402
Total assets less current liabilities
49,360
20,099
Creditors: amounts falling due after more than one year
(43,056)
-
Provisions for liabilities
Deferred tax
(1,155)
(1,615)
Called up share capital
100
100
Profit and loss account
5,049
18,384
Shareholders' funds
5,149
18,484
For the year ending 31 March 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 May 2021 and were signed on its behalf by
Sebastian David Hadfield
Director
Company Registration No. 03995386
Pendle Nutech Limited
Notes to the Accounts
for the year ended 31 March 2021
Pendle Nutech Limited is a private company, limited by shares, registered in England and Wales, registration number 03995386. The registered office is The Old School House, Laneshaw Bridge, Colne, Lancashire, BB8 7EQ, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
20% on the straight line basis
Motor vehicles
25% on the reducing balance basis
Fixtures & fittings
25% on the reducing balance basis
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Intangible fixed assets are being amortised on a straight line basis over 5 years.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pendle Nutech Limited
Notes to the Accounts
for the year ended 31 March 2021
4
Intangible fixed assets
Goodwill
Charge for the year
1,967
5
Tangible fixed assets
Land & buildings
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2020
12,650
28,279
16,729
57,658
At 31 March 2021
12,650
28,279
16,729
57,658
At 1 April 2020
12,650
19,415
15,896
47,961
Charge for the year
-
2,215
207
2,422
At 31 March 2021
12,650
21,630
16,103
50,383
At 31 March 2021
-
6,649
626
7,275
At 31 March 2020
-
8,864
833
9,697
6
Debtors: amounts falling due within one year
2021
2020
Trade debtors
30,588
20,652
Accrued income and prepayments
524
1,307
Pendle Nutech Limited
Notes to the Accounts
for the year ended 31 March 2021
7
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
6,944
-
Trade creditors
9,309
4,822
Taxes and social security
31,228
23,235
Loans from directors
73
73
The directors loan account is interest-free and repayable on demand.
8
Creditors: amounts falling due after more than one year
2021
2020
9
Share capital
2021
2020
Allotted, called up and fully paid:
50 A Ordinary of £1 each
50
50
50 B Ordinary of £1 each
50
50
10
Average number of employees
During the year the average number of employees was 5 (2020: 5).