IRIS Accounts Production
v23.2.0.158
06147312
Board of Directors
1.4.22
31.3.23
31.3.23
false
true
false
false
false
true
false
Ordinary
1.00000
Ordinary A, B, C, D, E & F
1.00000
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REGISTERED NUMBER: 06147312 (England and Wales) |
| PUDSEY TEST & INSPECTION LIMITED | |
| UNAUDITED FINANCIAL STATEMENTS | |
| FOR THE YEAR ENDED 31ST MARCH 2023 | |
Notes to the Financial Statements |
3 |
|
to |
|
7 |
Intangible assets |
4 |
348,590 |
|
435,737 |
|
|
Tangible assets |
5 |
700,267 |
|
166,086 |
|
|
Debtors |
6 |
308,448 |
|
344,094 |
|
|
Cash at bank and in hand |
367,330 |
|
195,121 |
|
|
Amounts falling due within one year |
7 |
293,319 |
|
310,031 |
|
|
NET CURRENT ASSETS |
382,459 |
|
229,184 |
|
|
TOTAL ASSETS LESS CURRENT LIABILITIES |
1,431,316 |
|
831,007 |
|
|
Amounts falling due after more than one year |
8 |
(29,004 |
) |
(34,593 |
) |
|
PROVISIONS FOR LIABILITIES |
(72,840 |
) |
- |
|
|
NET ASSETS |
1,329,472 |
|
796,414 |
|
|
Called up share capital |
11 |
10,600 |
|
10,600 |
|
|
Revaluation reserve |
457,160 |
|
- |
|
|
Retained earnings |
861,712 |
|
785,814 |
|
|
SHAREHOLDERS' FUNDS |
1,329,472 |
|
796,414 |
|
|
The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023. |
The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 in accordance with Section 476 of the Companies Act 2006. |
The directors acknowledge their 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 Board of Directors and authorised for issue on 6th September 2023 and were signed on its behalf by: |
|
Pudsey Test & Inspection Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below: |
|
Registered number: |
06147312 |
|
Registered office: |
Battye Street |
|
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 as modified by the revaluation of certain assets. |
|
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £1. |
|
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. |
|
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows: |
|
When the outcome of a transaction can be estimated reliably, turnover from testing services is recognised by reference to the stage of completion of the test at the balance sheet date. |
|
Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable. |
|
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of twenty years. |
| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
| Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. |
| Depreciation is calculated in order to write off each class of asset over its estimated useful economic life. |
| The rate at which each asset is depreciated is as follows: |
| Plant and machinery | | - 15% reducing balance | | |
| Fixtures and fittings | | - 20% on cost | | |
| Motor vehicles | | - 25% on cost | | |
| Computer equipment | | - 25 % on cost | | |
| Freehold property | | - 2% on cost | | |
| 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. |
|
Debtors and creditors receivable / payable within one year |
|
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. |
3. |
EMPLOYEES AND DIRECTORS |
|
The average number of employees during the year was 16 (2022 - 16 ) . |
4. |
INTANGIBLE FIXED ASSETS |
|
and 31st March 2023 |
1,742,955 |
|
|
|
At 1st April 2022 |
1,307,218 |
|
|
|
At 31st March 2023 |
1,394,365 |
|
|
|
At 31st March 2023 |
348,590 |
|
|
|
At 31st March 2022 |
435,737 |
|
|
|
At 1st April 2022 |
- |
|
606,934 |
|
606,934 |
|
|
|
Additions |
18,638 |
|
22,378 |
|
41,016 |
|
|
|
Disposals |
- |
|
(11,462 |
) |
(11,462 |
) |
|
|
Revaluations |
530,000 |
|
- |
|
530,000 |
|
|
|
At 31st March 2023 |
548,638 |
|
617,850 |
|
1,166,488 |
|
|
|
At 1st April 2022 |
- |
|
440,848 |
|
440,848 |
|
|
|
Charge for year |
- |
|
35,403 |
|
35,403 |
|
|
|
Eliminated on disposal |
- |
|
(10,030 |
) |
(10,030 |
) |
|
|
At 31st March 2023 |
- |
|
466,221 |
|
466,221 |
|
|
|
At 31st March 2023 |
548,638 |
|
151,629 |
|
700,267 |
|
|
|
At 31st March 2022 |
- |
|
166,086 |
|
166,086 |
|
|
|
Cost or valuation at 31st March 2023 is represented by: |
|
Valuation in 2023 |
530,000 |
|
- |
|
530,000 |
|
|
|
Cost |
18,638 |
|
617,850 |
|
636,488 |
|
|
548,638 |
|
617,850 |
|
1,166,488 |
|
|
|
Amounts falling due within one year: |
|
Trade debtors |
299,702 |
|
318,640 |
|
|
|
Other debtors |
6,402 |
|
20,332 |
|
|
|
Amounts falling due after more than one year: |
|
Other debtors |
2,344 |
|
5,122 |
|
|
|
Aggregate amounts |
308,448 |
|
344,094 |
|
|
7. |
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
|
|
Bank loans and overdrafts |
10,648 |
|
10,648 |
|
|
|
Hire purchase contracts (see note 9) |
3,308 |
|
- |
|
|
|
Trade creditors |
15,803 |
|
25,705 |
|
|
|
Taxation and social security |
119,157 |
|
58,190 |
|
|
|
Other creditors |
144,403 |
|
215,488 |
|
|
8. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
|
|
Hire purchase contracts (see note 9) |
3,919 |
|
- |
|
|
|
Minimum lease payments fall due as follows: |
|
Net obligations repayable: |
|
Between one and five years |
3,919 |
|
- |
|
|
|
Non-cancellable operating |
leases |
|
|
Between one and five years |
11,663 |
|
- |
|
|
|
The following secured debts are included within creditors: |
|
Hire purchase contracts |
7,227 |
|
- |
|
|
|
The items held under hire purchase agreements are secured against the assets to which they relate. |
11. |
CALLED UP SHARE CAPITAL |
|
Allotted, issued and fully paid: |
|
Number: |
Class: |
Nominal |
2023 |
2022 |
|
|
10,000 |
Ordinary |
£1 |
10,000 |
|
10,000 |
|
|
|
600 |
Ordinary A, B, C, D, E & F |
£1 |
600 |
|
600 |
|
|