2022-07-01 09455141 2023-06-30 09455141 2022-07-01 2023-06-30 09455141 2022-06-30 09455141 2021-07-01 2022-06-30 09455141 uk-core:WithinOneYear 2022-06-30 09455141 uk-core:WithinOneYear 2023-06-30 09455141 uk-core:AfterOneYear 2022-06-30 09455141 uk-core:AfterOneYear 2023-06-30 09455141 uk-core:ShareCapital 2023-06-30 09455141 uk-core:ShareCapital 2022-06-30 09455141 uk-core:RetainedEarningsAccumulatedLosses 2023-06-30 09455141 uk-core:RetainedEarningsAccumulatedLosses 2022-06-30 09455141 uk-bus:Director1 2022-07-01 2023-06-30 09455141 uk-bus:Director2 2022-07-01 2023-06-30 09455141 uk-core:NetGoodwill 2022-07-01 2023-06-30 09455141 uk-core:PlantMachinery 2022-07-01 2023-06-30 09455141 uk-core:CommercialMotorVehicles 2022-07-01 2023-06-30 09455141 uk-core:Goodwill 2022-06-30 09455141 uk-core:Goodwill 2023-06-30 09455141 uk-core:CommercialMotorVehicles 2022-06-30 09455141 uk-core:PlantMachinery 2022-06-30 09455141 uk-core:PlantMachinery 2023-06-30 09455141 uk-core:CommercialMotorVehicles 2023-06-30 iso4217:GBP xbrli:pure 09455141 uk-bus:AuditExemptWithAccountantsReport 2022-07-01 2023-06-30 09455141 uk-bus:FRS102 2022-07-01 2023-06-30 09455141 uk-bus:FullAccounts 2022-07-01 2023-06-30 09455141 uk-bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30
POBS PRECISION TOOLS LTD
Registered Number:09455141
For the year ended 30 June 2023
England and Wales
Unaudited Financial Statements
2
Registered Number :
09455141
As at 30 June 2023
POBS PRECISION TOOLS LTD
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
64,971
75,898
3
64,971
75,898
Current assets
Trade and other receivables
21,820
41,909
4
88,447
Cash and cash equivalents
62,193
104,102
110,267
Trade and other payables: amounts falling due within one
year
(94,248)
(82,546)
5
16,019
21,556
Net current assets
Total assets less current liabilities
86,527
91,917
Trade and other payables: amounts falling due after more
than one year
(31,207)
(19,593)
6
(12,345)
(14,421)
Provisions for liabilities
54,589
Net assets
46,289
Capital and reserves
Called up share capital
2
2
Retained earnings
54,587
46,287
54,589
46,289
Shareholders' funds
For the year ended 30 June 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 30 June 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.
Paul Dison Lane Director
Steven Michael Lane Director
These financial statements were approved and authorised for issue by the Board on 20 November 2023 and were signed by:
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Registered Number :
09455141
For the year ended 30 June 2023
POBS PRECISION TOOLS LTD
Statement of Financial Position Continued
The notes form part of these financial statements
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For the year ended 30 June 2023
POBS PRECISION TOOLS LTD
Notes to the Financial Statements
Statutory Information
POBS PRECISION TOOLS LTD is a private limited company, limited by shares, domiciled in England and Wales,
registration number 09455141.
Registered address:
44 Bickford Road
Aston
Birmingham
B6 7EE
The presentation currency is £ sterling.
1. Accounting policies
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.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business , has been fully amortised over its estimated useful life of 5 years.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation . 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
15% Reducing balance
25% Reducing balance
Motor vehicles
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. Assets held under finance leases and hire purchase agreements are capitalised in the balance sheet and depreciated in accordance with the company's normal accounting policies. The interest is charged to the profit and loss account over the period of the agreement and represents a constant charge of the balance of capital repayments outstanding.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
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For the year ended 30 June 2023
POBS PRECISION TOOLS LTD
Notes to the Financial Statements Continued
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 July 2022
40,000
At 30 June 2023
40,000
Amortisation
At 01 July 2022
40,000
At 30 June 2023
40,000
Net book value
At 30 June 2023
-
At 30 June 2022
-
3. Property, plant and equipment
Total
Motor
vehicles
Plant and
machinery
£
£
£
Cost or
valuation
At 01 July 2022
122,752
17,100
105,652
1,016
-
1,016
Additions
At 30 June 2023
106,668
17,100
123,768
Provision for depreciation and impairment
At 01 July 2022
46,854
13,043
33,811
Charge for year
11,943
1,014
10,929
At 30 June 2023
58,797
14,057
44,740
At 30 June 2023
Net book value
61,928
3,043
64,971
At 30 June 2022
71,841
4,057
75,898
4. Trade and other receivables
2022
2023
£
£
Trade debtors
41,909
21,820
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For the year ended 30 June 2023
POBS PRECISION TOOLS LTD
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Trade creditors
5,638
16,341
Taxation and social security
31,737
28,272
Accruals and deferred income
1,070
1,000
Directors' loan accounts
789
5,323
Obligations under HP/Financial leases
13,312
13,312
Other creditors
30,000
30,000
82,546
94,248
6. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
31,207
19,593
Obligations under HP/Financial leases
7. Related party transactions
The ultimate controlling party during the year were Steven Lane and Paul Lane , directors , whom control the
company by virtue of each owning 50% of the share capital.
8. Average number of persons employed
During the year the average number of employees was 2 (2022 : 2)
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