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Company Registration No. 05903085 (England and Wales)
Paul Shelley Plant Services Ltd Unaudited accounts for the year ended 31 March 2023
Paul Shelley Plant Services Ltd Unaudited accounts Contents
Page
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Paul Shelley Plant Services Ltd Company Information for the year ended 31 March 2023
Director
Mr Paul Shelley
Secretary
Mrs Sylvia Shelley
Company Number
05903085 (England and Wales)
Registered Office
17 Pine Vew Close Woodfalls Salisbury Wiltshire SP5 2LR
Accountants
Forest Edge Accountancy 2 Appletree Close Redlynch Salisbury Wiltshire SP5 2JG
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Paul Shelley Plant Services Ltd Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
335,638 
312,880 
Current assets
Debtors
73,396 
51,634 
Creditors: amounts falling due within one year
(100,836)
(132,650)
Net current liabilities
(27,440)
(81,016)
Total assets less current liabilities
308,198 
231,864 
Creditors: amounts falling due after more than one year
(216,761)
(180,699)
Net assets
91,437 
51,165 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
91,337 
51,065 
Shareholders' funds
91,437 
51,165 
For the year ending 31 March 2023 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 director acknowledges his 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 and authorised for issue on 11 October 2023 and were signed on its behalf by
Mr Paul Shelley Director Company Registration No. 05903085
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Paul Shelley Plant Services Ltd Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Paul Shelley Plant Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 05903085. The registered office is 17 Pine Vew Close, Woodfalls, Salisbury, Wiltshire, SP5 2LR.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Plant & machinery
15% Reducing Balance
Motor vehicles
25% Reducing Balance
Pension costs
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.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2022
534,697 
34,701 
569,398 
Additions
163,000 
- 
163,000 
Disposals
(128,382)
- 
(128,382)
At 31 March 2023
569,315 
34,701 
604,016 
Depreciation
At 1 April 2022
240,239 
16,279 
256,518 
Charge for the year
56,793 
4,606 
61,399 
On disposals
(49,539)
- 
(49,539)
At 31 March 2023
247,493 
20,885 
268,378 
Net book value
At 31 March 2023
321,822 
13,816 
335,638 
At 31 March 2022
294,458 
18,422 
312,880 
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Paul Shelley Plant Services Ltd Notes to the Accounts for the year ended 31 March 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
73,396 
51,634 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
62,112 
37,762 
Obligations under finance leases and hire purchase contracts
88,137 
94,652 
Taxes and social security
(12,601)
25,721 
Other creditors
(36,812)
(25,485)
100,836 
132,650 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
23,360 
41,235 
Obligations under finance leases and hire purchase contracts
193,401 
139,464 
216,761 
180,699 
8
Average number of employees
During the year the average number of employees was 3 (2022: 3).
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