The Provenance Company (UK) Ltd,Ltd - AccountsLtd - Accounts

The Provenance Company (UK) Ltd,Ltd - AccountsLtd - Accounts

THE PROVENANCE COMPANY (UK) LTD - Company Information

Print Friendly Version

2021-11-01 07797453 2022-10-31 07797453 2021-11-01 2022-10-31 07797453 2021-10-31 07797453 2020-11-01 2021-10-31 07797453 uk-core:WithinOneYear 2021-10-31 07797453 uk-core:WithinOneYear 2022-10-31 07797453 uk-core:AfterOneYear 2021-10-31 07797453 uk-core:AfterOneYear 2022-10-31 07797453 uk-core:ShareCapital 2022-10-31 07797453 uk-core:ShareCapital 2021-10-31 07797453 uk-core:RetainedEarningsAccumulatedLosses 2022-10-31 07797453 uk-core:RetainedEarningsAccumulatedLosses 2021-10-31 07797453 uk-bus:Director1 2021-11-01 2022-10-31 07797453 uk-core:PlantMachinery 2021-11-01 2022-10-31 07797453 uk-core:ToolsEquipment 2021-11-01 2022-10-31 07797453 uk-core:ToolsEquipment 2021-10-31 07797453 uk-core:PlantMachinery 2021-10-31 07797453 uk-core:PlantMachinery 2022-10-31 07797453 uk-core:ToolsEquipment 2022-10-31 07797453 uk-core:WithinOneYear 2022-10-31 07797453 uk-core:WithinOneYear 2021-10-31 07797453 uk-core:AfterOneYear uk-core:Secured 2022-10-31 07797453 uk-core:AfterOneYear uk-core:Secured 2021-10-31 iso4217:GBP xbrli:pure 07797453 uk-bus:AuditExemptWithAccountantsReport 2021-11-01 2022-10-31 07797453 uk-bus:FRS102 2021-11-01 2022-10-31 07797453 uk-bus:FullAccounts 2021-11-01 2022-10-31 07797453 uk-bus:PrivateLimitedCompanyLtd 2021-11-01 2022-10-31
The Provenance Company (UK) Ltd
Registered Number:07797453
For the year ended 31 October 2022
England and Wales
Unaudited Financial Statements
2
For the year ended 31 October 2022
The Provenance Company (UK) Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
07797453
As at 31 October 2022
The Provenance Company (UK) Ltd
Statement of Financial Position
£
£
2021
2022
Notes
Fixed assets
Property, plant and equipment
238
474
2
238
474
Current assets
Inventories
116,034
164,534
3
Trade and other receivables
53,217
7,689
4
1,322
Cash and cash equivalents
-
172,223
170,573
Trade and other payables: amounts falling due within one
year
(108,814)
(61,730)
5
61,759
110,493
Net current assets
Total assets less current liabilities
110,731
62,233
Trade and other payables: amounts falling due after more
than one year
(53,067)
(110,890)
6
(159)
Net assets/liabilities
9,166
Capital and reserves
Called up share capital
100
100
Retained earnings
(259)
9,066
(159)
9,166
Shareholders' funds
For the year ended 31 October 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 of its financial statements for the year ended 31 October 2022 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
K Stead Director
These financial statements were approved and authorised for issue by the Board on 16 June 2023 and were signed by:
The notes form part of these financial statements
1 of 4
4
For the year ended 31 October 2022
The Provenance Company (UK) Ltd
Notes to the Financial Statements
Statutory Information
The Provenance Company (UK) Ltd is a private limited company, limited by shares, domiciled in England and Wales,
registration number 07797453.
Registered address:
Thatchetts
Hele Cross
Ashburton
Devon
TQ13 7QX
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Research and development
Research and development expenditure is charged to the profit and loss account in the period in which it is incurred.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
25 % Straight line
33.3 % Straight line
Computer equipment
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the profit and loss account.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
2 of 4
5
For the year ended 31 October 2022
The Provenance Company (UK) Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
equipment
Plant and
machinery
£
£
£
Cost or
valuation
At 01 November 2021
2,559
2,168
391
At 31 October 2022
391
2,168
2,559
Provision for depreciation and impairment
At 01 November 2021
2,085
1,695
390
Charge for year
236
236
-
At 31 October 2022
2,321
1,931
390
At 31 October 2022
Net book value
1
237
238
At 31 October 2021
1
473
474
3. Inventories
2021
2022
£
£
Stocks
164,534
116,034
4. Trade and other receivables
2021
2022
£
£
Trade debtors
7,689
53,217
5. Trade and other payables: amounts falling due within one year
2021
2022
£
£
Bank loans and overdraft
15,140
34,098
Trade creditors
3,814
20,382
Taxation and social security
32,717
23,484
Other creditors
10,059
30,850
61,730
108,814
3 of 4
6
For the year ended 31 October 2022
The Provenance Company (UK) Ltd
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due after more than one year
2021
2022
£
£
Bank loans and overdraft
64,890
47,067
Other creditors
46,000
6,000
110,890
53,067
7. Average number of persons employed
During the year the average number of employees was 0
4 of 4