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REGISTERED NUMBER: 04717381 (England and Wales)

















Unaudited Financial Statements

for the Year Ended 31 March 2023

for

PC Technicians Limited

PC Technicians Limited (Registered number: 04717381)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PC Technicians Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mrs L E Wicks
S Wicks





SECRETARY: S Wicks





REGISTERED OFFICE: Unit B
Whiteley Road
Wallingford
Oxfordshire
OX10 9RG





REGISTERED NUMBER: 04717381 (England and Wales)





ACCOUNTANTS: Aspen Waite South Ltd
Boston House
Grove Business Park
Wantage
Oxfordshire
OX12 9FF

PC Technicians Limited (Registered number: 04717381)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,569 15,927

CURRENT ASSETS
Stocks 9,609 -
Debtors 5 6,435 3,498
Cash at bank 4,381 2,513
20,425 6,011
CREDITORS
Amounts falling due within one year 6 28,681 26,065
NET CURRENT LIABILITIES (8,256 ) (20,054 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,313

(4,127

)

CREDITORS
Amounts falling due after more than one
year

7

6,851

7,955
NET LIABILITIES (538 ) (12,082 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (540 ) (12,084 )
(538 ) (12,082 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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.

PC Technicians Limited (Registered number: 04717381)

Balance Sheet - continued
31 March 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 November 2023 and were signed on its behalf by:





S Wicks - Director


PC Technicians Limited (Registered number: 04717381)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

PC Technicians 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.
Improvements to property - 10% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 10% on reducing balance
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

PC Technicians Limited (Registered number: 04717381)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 15,281 1,487 2,958 1,134 20,860
Additions - - - 571 571
At 31 March 2023 15,281 1,487 2,958 1,705 21,431
DEPRECIATION
At 1 April 2022 972 250 2,958 753 4,933
Charge for year 1,392 348 - 189 1,929
At 31 March 2023 2,364 598 2,958 942 6,862
NET BOOK VALUE
At 31 March 2023 12,917 889 - 763 14,569
At 31 March 2022 14,309 1,237 - 381 15,927

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 600 822
Other debtors 5,835 2,676
6,435 3,498

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 1,111 1,119
Trade creditors 4,929 446
Taxation and social security 1,279 997
Other creditors 21,362 23,503
28,681 26,065

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans 6,851 7,955

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,296 2,400

PC Technicians Limited (Registered number: 04717381)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.23 31.3.22
£    £   
Within one year 11,667 -