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REGISTERED NUMBER: 04540048 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

POULTON SERVICE & EXHAUST CENTRE LTD

POULTON SERVICE & EXHAUST CENTRE LTD (REGISTERED NUMBER: 04540048)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023










Page

Company Information 1

Balance Sheet 3

Notes to the Financial Statements 5


POULTON SERVICE & EXHAUST CENTRE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTORS: Mrs S A Clements
L D Clements
Mrs N J Gisby





SECRETARY: Mrs N J Gisby





REGISTERED OFFICE: South Stour Offices
Roman Road
Mersham
Ashford
Kent
TN25 7HS





BUSINESS ADDRESS: Hollow Wood Road
Poulton Industrial Estate
Coombe Valley
Dover
Kent
CT17 0UB





REGISTERED NUMBER: 04540048 (England and Wales)






POULTON SERVICE & EXHAUST CENTRE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







ACCOUNTANTS: Cassidys Chartered Accountants
South Stour Offices
Roman Road
Mersham
Ashford
Kent
TN25 7HS

POULTON SERVICE & EXHAUST CENTRE LTD (REGISTERED NUMBER: 04540048)

BALANCE SHEET
30 SEPTEMBER 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 249,564 247,359
249,564 247,359

CURRENT ASSETS
Stocks 10,417 11,624
Debtors 6 4,594 10,369
Cash at bank and in hand 245,141 206,004
260,152 227,997
CREDITORS
Amounts falling due within one year 7 112,228 97,619
NET CURRENT ASSETS 147,924 130,378
TOTAL ASSETS LESS CURRENT
LIABILITIES

397,488

377,737

PROVISIONS FOR LIABILITIES 8 2,407 1,824
NET ASSETS 395,081 375,913

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 394,981 375,813
SHAREHOLDERS' FUNDS 395,081 375,913

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

POULTON SERVICE & EXHAUST CENTRE LTD (REGISTERED NUMBER: 04540048)

BALANCE SHEET - continued
30 SEPTEMBER 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 23 January 2024 and were signed on its behalf by:





Mrs S A Clements - Director


POULTON SERVICE & EXHAUST CENTRE LTD (REGISTERED NUMBER: 04540048)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023


1. STATUTORY INFORMATION

Poulton Service & Exhaust Centre Ltd 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.

Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - in accordance with the property
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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.


POULTON SERVICE & EXHAUST CENTRE LTD (REGISTERED NUMBER: 04540048)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

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 11 (2022 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2022
and 30 September 2023 57,600
AMORTISATION
At 1 October 2022
and 30 September 2023 57,600
NET BOOK VALUE
At 30 September 2023 -
At 30 September 2022 -

POULTON SERVICE & EXHAUST CENTRE LTD (REGISTERED NUMBER: 04540048)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


5. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 October 2022 243,797 54,271 200 298,268
Additions - 5,495 - 5,495
Disposals - (7,680 ) - (7,680 )
At 30 September 2023 243,797 52,086 200 296,083
DEPRECIATION
At 1 October 2022 6,530 44,214 165 50,909
Charge for year 777 2,332 9 3,118
Eliminated on disposal - (7,508 ) - (7,508 )
At 30 September 2023 7,307 39,038 174 46,519
NET BOOK VALUE
At 30 September 2023 236,490 13,048 26 249,564
At 30 September 2022 237,267 10,057 35 247,359

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors 3,009 7,932
Other debtors 1,585 2,437
4,594 10,369

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade creditors 28,794 25,082
Taxation and social security 51,858 49,265
Other creditors 31,576 23,272
112,228 97,619

8. PROVISIONS FOR LIABILITIES
30.9.23 30.9.22
£    £   
Deferred tax 2,407 1,824

POULTON SERVICE & EXHAUST CENTRE LTD (REGISTERED NUMBER: 04540048)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 October 2022 1,824
Provided during year 583
Balance at 30 September 2023 2,407

9. PENSION COMMITMENTS

The company operates a defined contribution scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge for the period amounts to £47,226 (2022 - £31,254) and represents contributions payable by the company to the fund.

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £79,000 (2022 - £83,000) were paid to the directors .

Mrs S Clements - Director and Shareholder

At the balance sheet date Poulton Service & Exhaust Centre Ltd owed Mrs Clements £5,703 (2022- £5,703).

11. ULTIMATE CONTROLLING PARTY

The company is controlled by Mrs S A Clements a director who owns 60% of the issued share capital.