Pinnock Plastering Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06329150 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2019

FOR

Pinnock Plastering Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

6

DIRECTOR:

V Pinnock

SECRETARY:

Mrs A M Pinnock

REGISTERED OFFICE:

198 Leesons Hill

Chislehurst

Kent

BR7 6QH

REGISTERED NUMBER:

06329150 (England and Wales)

ACCOUNTANTS:

F C Gillmore & Co Limited

Chartered Accountants

198 Leesons Hill

Chislehurst

Kent

BR7 6QH

FIXED ASSETS

Tangible assets

4

2

688

CURRENT ASSETS

Debtors

5

9,022

-

Cash at bank

-

2,102

9,022

2,102

CREDITORS

Amounts falling due within one year

6

14

414

NET CURRENT ASSETS

9,008

1,688

TOTAL ASSETS LESS CURRENT LIABILITIES

9,010

2,376

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

9,000

2,366

SHAREHOLDERS' FUNDS

9,010

2,376

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2019 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 April 2020 and were signed by:

V Pinnock - Director

1.	STATUTORY INFORMATION

Pinnock Plastering Limited is a private company, limited by shares ,

registered in England and Wales. The company's registered number and

registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or

receivable, excluding discounts, rebates, value added tax and other sales

taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost

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.

Current or deferred taxation assets and liabilities are not discounted.

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have

originated but not reversed at the balance sheet date.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 August 2018

and 31 July 2019

10,822

DEPRECIATION

At 1 August 2018

10,134

Charge for year

686

At 31 July 2019

10,820

NET BOOK VALUE

At 31 July 2019

2

At 31 July 2018

688

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.19

31.7.18

£

£

Other debtors

9,022

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.19

31.7.18

£

£

Bank loans and overdrafts

1

-

Taxation and social security

(2,459

)

(2,094

)

Other creditors

2,472

2,508

14

414

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years

ended 31 July 2019 and 31 July 2018:

31.7.19

31.7.18

£

£

V Pinnock

Balance outstanding at start of year

164

-

Amounts advanced

9,022

164

Amounts repaid

(164

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

9,022

164

Since the Balance Sheet date the loan has been repaid.

8.	RELATED PARTY DISCLOSURES

During the year, total dividends of £2,000 (2018 - £8,250) were paid to the director

.

Controlling Party

During the two years ended 31st July 2019 V Pinnock, a director,

together with members of his close family, controlled

the company by virtue of a controlling interest of 100% of the

issued share capital.

The following reproduces the text of the report prepared for the director in

respect of the company's annual unaudited financial statements. In accordance

with the Companies Act 2006, the company is only required to file a Balance

Sheet. Readers are cautioned that the Income Statement and certain other primary

statements and the Report of the Director are not required to be filed with the

Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we

have prepared for your approval the financial statements of Pinnock Plastering

Limited for the year ended 31 July 2019 which comprise the Income Statement,

Balance Sheet and the related notes from the company's accounting records and

from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Pinnock Plastering Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Pinnock Plastering Limited and state those matters that we have agreed to state to the director of Pinnock Plastering Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Pinnock Plastering Limited and its director for our work or for this report.

It is your duty to ensure that Pinnock Plastering Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Pinnock Plastering Limited. You consider that Pinnock Plastering Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Pinnock Plastering Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

F C Gillmore & Co Limited

Chartered Accountants

198 Leesons Hill

Chislehurst

Kent

BR7 6QH

22 April 2020