Pest Line Limited |
Notes to the Accounts |
for the year ended 30 September 2023 |
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1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
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Turnover |
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Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. |
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Tangible fixed assets |
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Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life. |
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Motor vehicles |
8% Reducing balance |
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Stocks |
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Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. |
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Creditors |
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Short term creditors are measured at transaction price (which is usually the invoice price). |
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Taxation |
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A corporation tax liability is recognised for the tax payable on the taxable profit . Corporation tax liabilty is not discounted. |
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2 |
Employees |
2023 |
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2022 |
Number |
Number |
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Average number of persons employed by the company |
4 |
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4 |
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3 |
Tangible fixed assets |
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Motor vehicles |
£ |
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Cost |
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At 1 October 2022 |
31,607 |
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At 30 September 2023 |
31,607 |
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Depreciation |
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At 1 October 2022 |
19,366 |
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Charge for the year |
2,203 |
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At 30 September 2023 |
21,569 |
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Net book value |
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At 30 September 2023 |
10,038 |
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At 30 September 2022 |
12,241 |
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4 |
Creditors: amounts falling due within one year |
2023 |
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2022 |
£ |
£ |
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Trade creditors |
480 |
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685 |
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Corporation tax |
28,770 |
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18,613 |
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Other taxes and social security costs |
8,066 |
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5,821 |
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Other creditors |
4,038 |
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- |
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41,354 |
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25,119 |
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5 |
Other information |
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Pest Line Limited is a private company limited by shares and incorporated in England. Its registered office is: |
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74 Firs Park Avenue |
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London |
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N21 2PT |