Company Registration No. 09403739 (England and Wales)
Pathfinder Sales Ltd
Unaudited accounts
for the year ended 31 March 2022
Pathfinder Sales Ltd
Unaudited accounts
Contents
Pathfinder Sales Ltd
Company Information
for the year ended 31 March 2022
Directors
Ms S Bell
Mr T Bell
Company Number
09403739 (England and Wales)
Registered Office
WINDY RIDGE VICARAGE ROAD
EAST BUDLEIGH
BUDLEIGH SALTERTON
DEVON
EX9 7EF
UNITED KINGDOM
Accountants
Brambillow Accounting Ltd
Brookhouse
Cranoe Road
Welham
Leicestershire
LE16 7UH
Pathfinder Sales Ltd
Statement of financial position
as at
31 March 2022
Tangible assets
25,406
29,038
Cash at bank and in hand
32,906
59,326
Creditors: amounts falling due within one year
(6,385)
(27,049)
Net current assets
39,096
49,341
Total assets less current liabilities
64,502
78,379
Creditors: amounts falling due after more than one year
-
(11,658)
Provisions for liabilities
Deferred tax
(4,827)
(5,517)
Called up share capital
2
2
Profit and loss account
59,673
61,202
Shareholders' funds
59,675
61,204
For the year ending 31 March 2022 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 2 December 2022 and were signed on its behalf by
Ms S Bell
Director
Company Registration No. 09403739
Pathfinder Sales Ltd
Notes to the Accounts
for the year ended 31 March 2022
Pathfinder Sales Ltd is a private company, limited by shares, registered in England and Wales, registration number 09403739. The registered office is WINDY RIDGE VICARAGE ROAD, EAST BUDLEIGH, BUDLEIGH SALTERTON, DEVON, EX9 7EF, 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.
The accounts are presented in £ sterling.
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
2.0% Straight Line
Motor vehicles
25.0% Reducing Balance
Fixtures & fittings
20.0% Reducing Balance
Computer equipment
33.3% Reducing Balance
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.
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.
Pathfinder Sales Ltd
Notes to the Accounts
for the year ended 31 March 2022
4
Tangible fixed assets
Land & buildings
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2021
13,685
35,357
4,065
10,702
63,809
Additions
-
-
1,246
244
1,490
At 31 March 2022
13,685
35,357
5,311
10,946
65,299
At 1 April 2021
1,848
23,894
2,078
6,951
34,771
Charge for the year
274
2,867
649
1,332
5,122
At 31 March 2022
2,122
26,761
2,727
8,283
39,893
At 31 March 2022
11,563
8,596
2,584
2,663
25,406
At 31 March 2021
11,837
11,463
1,987
3,751
29,038
Amounts falling due within one year
Accrued income and prepayments
11,828
17,016
6
Creditors: amounts falling due within one year
2022
2021
Obligations under finance leases and hire purchase contracts
-
4,706
Taxes and social security
6,088
20,980
Loans from directors
297
1,358
7
Creditors: amounts falling due after more than one year
2022
2021
Obligations under finance leases and hire purchase contracts
-
11,658
8
Transactions with related parties
Included within creditors is an amount of £297 (2021: £1,358) which is owed by the Company to one of the Directors. Included within debtors is an amount of £572 (2021: £nil) which is owed by one of the Directors to the Company. Interest is not payable on any of these amounts and there is no fixed date for repayment.
9
Average number of employees
During the year the average number of employees was 1 (2021: 1).