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REGISTERED NUMBER: 07745375 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 June 2023

for

PSCM Insulation & Fabrication
Limited

PSCM Insulation & Fabrication
Limited (Registered number: 07745375)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 6

PSCM Insulation & Fabrication
Limited

Company Information
for the Year Ended 30 June 2023







DIRECTOR: P H Stokes





REGISTERED OFFICE: Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD





REGISTERED NUMBER: 07745375 (England and Wales)





ACCOUNTANTS: Tomkinson Teal Limited
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD

PSCM Insulation & Fabrication
Limited (Registered number: 07745375)

Balance Sheet
30 June 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 56,392 41,210

CURRENT ASSETS
Debtors 5 623,286 715,063
Cash at bank 23,985 100,539
647,271 815,602
CREDITORS
Amounts falling due within one year 6 (391,853 ) (621,062 )
NET CURRENT ASSETS 255,418 194,540
TOTAL ASSETS LESS CURRENT
LIABILITIES

311,810

235,750

CREDITORS
Amounts falling due after more than one
year

7

-

(37,927

)
NET ASSETS 311,810 197,823

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 311,806 197,819
SHAREHOLDERS' FUNDS 311,810 197,823

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

PSCM Insulation & Fabrication
Limited (Registered number: 07745375)

Balance Sheet - continued
30 June 2023


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 4 October 2023 and were signed by:





P H Stokes - Director


PSCM Insulation & Fabrication
Limited (Registered number: 07745375)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

PSCM Insulation & Fabrication Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 7 ) .

PSCM Insulation & Fabrication
Limited (Registered number: 07745375)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 July 2022 47,250 430 47,680
Additions 29,950 - 29,950
At 30 June 2023 77,200 430 77,630
DEPRECIATION
At 1 July 2022 6,218 252 6,470
Charge for year 14,624 144 14,768
At 30 June 2023 20,842 396 21,238
NET BOOK VALUE
At 30 June 2023 56,358 34 56,392
At 30 June 2022 41,032 178 41,210

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 501,020 684,750
Amounts owed by group undertakings 122,266 -
Other debtors - 30,313
623,286 715,063

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 9,570
Trade creditors 313,123 340,814
Amounts owed to group undertakings 1,975 229,480
Taxation and social security 53,673 34,840
Other creditors 23,082 6,358
391,853 621,062

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 37,927

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
PSCM Insulation & Fabrication
Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of PSCM Insulation & Fabrication Limited for the year ended 30 June 2023 which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of PSCM Insulation & Fabrication Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of PSCM Insulation & Fabrication Limited and state those matters that we have agreed to state to the director of PSCM Insulation & Fabrication Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than PSCM Insulation & Fabrication Limited and its director for our work or for this report.

It is your duty to ensure that PSCM Insulation & Fabrication Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of PSCM Insulation & Fabrication Limited. You consider that PSCM Insulation & Fabrication Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of PSCM Insulation & Fabrication Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Tomkinson Teal Limited
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD


4 October 2023