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Unaudited Financial Statements

for the Year Ended 28 February 2023

for

P.W. Industrial Services Limited

P.W. Industrial Services Limited (Registered number: 02481966)

Contents of the Financial Statements
for the Year Ended 28 February 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


P.W. Industrial Services Limited

Company Information
for the Year Ended 28 February 2023







DIRECTORS: PW Stewart
Mrs L Stewart
A L Desbruslais





REGISTERED OFFICE: 61 Meadowview Road
Epsom
Surrey
KT19 9TS





REGISTERED NUMBER: 02481966 (England and Wales)





ACCOUNTANTS: Williams & Co Epsom LLP
Chartered Accountants
8-10 South Street
Epsom
Surrey
KT18 7PF

P.W. Industrial Services Limited (Registered number: 02481966)

Balance Sheet
28 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 604 1,208

CURRENT ASSETS
Debtors 5 127,440 126,572
Cash at bank 10,928 9,929
138,368 136,501
CREDITORS
Amounts falling due within one year 6 71,218 107,551
NET CURRENT ASSETS 67,150 28,950
TOTAL ASSETS LESS CURRENT
LIABILITIES

67,754

30,158

CREDITORS
Amounts falling due after more than one
year

7

62,167

27,169
NET ASSETS 5,587 2,989

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Retained earnings 10 4,587 1,989
SHAREHOLDERS' FUNDS 5,587 2,989

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 November 2023 and were signed on its behalf by:





Mrs L Stewart - Director


P.W. Industrial Services Limited (Registered number: 02481966)

Notes to the Financial Statements
for the Year Ended 28 February 2023


1. STATUTORY INFORMATION

P.W. Industrial Services 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.

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.
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

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 5 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 March 2022
and 28 February 2023 14,798 11,391 26,189
DEPRECIATION
At 1 March 2022 14,798 10,183 24,981
Charge for year - 604 604
At 28 February 2023 14,798 10,787 25,585
NET BOOK VALUE
At 28 February 2023 - 604 604
At 28 February 2022 - 1,208 1,208

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 59,523 74,482
Other debtors 67,917 52,090
127,440 126,572

P.W. Industrial Services Limited (Registered number: 02481966)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 8) 12,295 13,998
Trade creditors 28,073 71,591
Taxation and social security 28,156 17,244
Other creditors 2,694 4,718
71,218 107,551

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans (see note 8) 62,167 27,169

8. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans 12,295 13,998

Amounts falling due between one and two years:
Bank loans - 1-2 years 26,913 9,170

Amounts falling due between two and five years:
Bank loans - 2-5 years 35,254 17,999

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 Ordinary £1 1,000 1,000

10. RESERVES
Retained
earnings
£   

At 1 March 2022 1,989
Profit for the year 17,598
Dividends (15,000 )
At 28 February 2023 4,587