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COMPANY REGISTRATION NUMBER: 06533226
Principle Engineering Limited
Filleted Unaudited Financial Statements
31 March 2023
Principle Engineering Limited
Statement of Financial Position
31 March 2023
2023
2022
£
£
£
Fixed assets
14,260
25,172
--------
--------
Current assets
140,025
104,368
Prepayments and accrued income
302
222
---------
---------
140,327
104,590
Creditors: amounts falling due within one year
99,166
123,111
---------
---------
Net current assets/(liabilities)
41,161
( 18,521)
--------
--------
Total assets less current liabilities
55,421
6,651
Accruals and deferred income
1,113
973
--------
-------
54,308
5,678
--------
-------
Capital and reserves
54,308
5,678
--------
-------
Notes to the financial statements
1. Employee numbers
The average number of persons employed by the company during the year amounted to 4 (2022: 5 ).
2. Director's advances, credits and guarantees
The company operated a director's loan account in the year, the opening and closing balances on which were as follows: Opening: £113,636 Net movement (£56,800) Closing: £56,838 The loan is interest free and repayable on demand.
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.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the board of directors and authorised for issue on 19 October 2023 , and are signed on behalf of the board by:
Mr D A Pillar
Director
Company registration number: 06533226
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Tan Llan Farm, Ffordd Llanfynydd, Treuddyn, Mold, CH7 4LQ.