PYE COMMERCIALS (PRESTON) LTD

Company Registration Number:
05086187 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2023

Period of accounts

Start date: 01 April 2022

End date: 31 March 2023

PYE COMMERCIALS (PRESTON) LTD

Contents of the Financial Statements

for the Period Ended 31 March 2023

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 9

PYE COMMERCIALS (PRESTON) LTD

Company Information

for the Period Ended 31 March 2023




Registered office: Unit 22
Red Scar Industrial Estate, Longridge Road
Ribbleton
Preston
PR2 5NN
Company Registration Number: 05086187 (England and Wales)

PYE COMMERCIALS (PRESTON) LTD

Balance sheet

As at 31 March 2023


Notes

2023
£

2022
£
Fixed assets
Intangible assets: 4 449,294 401,223
Tangible assets: 5 66,512 81,328
Total fixed assets: 515,806 482,551
Current assets
Stocks: 22,550 24,275
Debtors: 202,755 221,250
Cash at bank and in hand: 140,817 124,569
Total current assets: 366,122 370,094
Creditors: amounts falling due within one year: ( 184,258 ) ( 251,269 )
Net current assets (liabilities): 181,864 118,825
Total assets less current liabilities: 697,670 601,376
Total net assets (liabilities): 697,670 601,376

The notes form part of these financial statements

PYE COMMERCIALS (PRESTON) LTD

Balance sheet continued

As at 31 March 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 49,600 49,600
Revaluation reserve: 6 431,504 383,433
Profit and loss account: 216,566 168,343
Shareholders funds: 697,670 601,376

For the year ending 31 March 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 20 August 2023
And Signed On Behalf Of The Board By:

Name: David Rogerson
Status: Director

The notes form part of these financial statements

PYE COMMERCIALS (PRESTON) LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

PYE COMMERCIALS (PRESTON) LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 13 12

PYE COMMERCIALS (PRESTON) LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 3. Off balance sheet disclosure

    No

PYE COMMERCIALS (PRESTON) LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 4. Intangible assets

    Total
    Cost £
    At 01 April 2022 401,223
    Additions 48,071
    Disposals -
    Revaluations -
    Transfers -
    At 31 March 2023 449,294
    Amortisation
    Charge for year -
    On disposals -
    Other adjustments -
    Amortisation at 31 March 2023 -
    Net book value
    Net book value at 31 March 2023 449,294
    Net book value at 31 March 2022 401,223

    The directors consider the value of goodwill to be in excess of its book value and consequently no provision is made for amortisation.

PYE COMMERCIALS (PRESTON) LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

5. Tangible Assets

Total
Cost £
At 01 April 2022 208,062
Additions 3,511
Disposals -
Revaluations -
Transfers -
At 31 March 2023 211,573
Depreciation
At 01 April 2022 126,734
Charge for year 18,327
On disposals -
Other adjustments -
At 31 March 2023 145,061
Net book value
At 31 March 2023 66,512
At 31 March 2022 81,328

PYE COMMERCIALS (PRESTON) LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

6. Revaluation reserve


2023
£
Balance at 01 April 2022 383,433
Surplus or deficit after revaluation 48,071
Balance at 31 March 2023 431,504