Sheffield Pneumatic Services Limited |
Registered Number:04809603 |
For the year ended 31 May 2023
England and Wales
Unaudited Financial Statements
For the year ended 31 May 2023
Sheffield Pneumatic Services Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
Sheffield Pneumatic Services Limited
Statement of Financial Position
2022
2023
Property, plant and equipment |
55,583
35,160
2
55,583
35,160
3,500
1,250
3
Trade and other receivables |
49,533
60,221
4
61,592
Cash and cash equivalents |
44,130
105,601
114,625
Trade and other payables: amounts falling due within one |
year |
(81,855)
(69,555)
5
32,770
36,046
Net current assets
Total assets less current liabilities |
91,629
67,930
Trade and other payables: amounts falling due after more |
than one year |
(32,190)
(49,076)
6
(10,558)
(6,678)
Provisions for liabilities |
31,995
Net assets
29,062
2
2
31,993
29,060
31,995
29,062
Shareholders' funds
For the year ended 31 May 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 of its financial statements for the year ended 31 May 2023 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. |
Mr Paul Matthew Gooseman Director |
These financial statements were approved and authorised for issue by the Board on 17 October 2023 and were signed by: |
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For the year ended 31 May 2023
Sheffield Pneumatic Services Limited
Statement of Financial Position Continued
The notes form part of these financial statements |
2 of 5
For the year ended 31 May 2023
Sheffield Pneumatic Services Limited
Notes to the Financial Statements
Statutory Information
Sheffield Pneumatic Services Limited is a private limited company, limited by shares, domiciled in England and Wales, |
registration number 04809603. |
160 Broad Oaks
Sheffield
S9 3HJ
The presentation currency is £ sterling. |
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. |
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
Computer equipment
Motor vehicles
Fixtures and fittings
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. |
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a straight line basis. |
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For the year ended 31 May 2023
Sheffield Pneumatic Services Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment |
Motor vehicles
102,276
7,462
9,159
54,201
31,454
29,700
-
-
29,700
-
-
-
(14,217)
-
(14,217)
69,684
9,159
7,462
117,759
31,454
Provision for depreciation and impairment |
67,116
4,409
6,774
32,763
23,170
Charge for year
7,831
458
358
5,773
1,242
(12,771)
-
-
(12,771)
-
62,176
4,867
7,132
25,765
24,412
7,042
43,919
2,027
2,595
55,583
8,284
21,438
2,385
3,053
35,160
2022
2023
1,250
3,500
4. Trade and other receivables |
2022
2023
55,795
49,533
4,426
-
49,533
60,221
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For the year ended 31 May 2023
Sheffield Pneumatic Services Limited
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year |
2022
2023
-
892
47,133
60,632
Taxation and social security |
12,323
16,125
10,099
4,206
69,555
81,855
6. Trade and other payables: amounts falling due after more than one year |
2022
2023
15,877
20,416
33,199
11,774
49,076
32,190
7. Average number of persons employed |
During the year the average number of employees was 5 (2022 : 4)
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