Registered number
07149046
PC AND LAPTOP REPAIRS PRESTON LIMITED
Filleted Accounts
28 February 2023
PC AND LAPTOP REPAIRS PRESTON LIMITED
Registered number: 07149046
Balance Sheet
as at 28 February 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 2,592 3,240
Current assets
Stocks 5,730 7,642
Cash at bank and in hand 309 1,330
6,039 8,972
Creditors: amounts falling due within one year 4 (12,375) (9,991)
Net current liabilities (6,336) (1,019)
Net (liabilities)/assets (3,744) 2,221
Capital and reserves
Called up share capital 100 100
Profit and loss account (3,844) 2,121
Shareholder's funds (3,744) 2,221
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
E W Gray
Director
Approved by the board on 28 November 2023
PC AND LAPTOP REPAIRS PRESTON LIMITED
Notes to the Accounts
for the year ended 28 February 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Equipment 20% on the reducing balance basis
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Equipment
£
Cost
At 1 March 2022 10,042
At 28 February 2023 10,042
Depreciation
At 1 March 2022 6,802
Charge for the year 648
At 28 February 2023 7,450
Net book value
At 28 February 2023 2,592
At 28 February 2022 3,240
4 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors and accruals 525 525
Director's loan account 11,850 9,466
12,375 9,991
5 Other information
PC AND LAPTOP REPAIRS PRESTON LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
50 Greenbank Street
Preston
PR1 7PH
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