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Company Registration No. 02747258 (England and Wales)
Professional Energy Services Limited Unaudited accounts for the year ended 30 June 2023
Professional Energy Services Limited Unaudited accounts Contents
Page
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Professional Energy Services Limited Company Information for the year ended 30 June 2023
Directors
A Dovey B Zilincarova
Company Number
02747258 (England and Wales)
Registered Office
Challenge House Sherwood Drive Bletchley Milton Keynes MK3 6DP
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Professional Energy Services Limited Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
6,791 
4,718 
Current assets
Debtors
220,660 
451,959 
Cash at bank and in hand
263,989 
221,582 
484,649 
673,541 
Creditors: amounts falling due within one year
(249,869)
(274,043)
Net current assets
234,780 
399,498 
Total assets less current liabilities
241,571 
404,216 
Creditors: amounts falling due after more than one year
(97,893)
(132,893)
Provisions for liabilities
Deferred tax
(1,698)
(897)
Net assets
141,980 
270,426 
Capital and reserves
Called up share capital
20 
41 
Capital redemption reserve
80 
59 
Profit and loss account
141,880 
270,326 
Shareholders' funds
141,980 
270,426 
For the year ending 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 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 13 February 2024 and were signed on its behalf by
A Dovey Director Company Registration No. 02747258
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Professional Energy Services Limited Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
Professional Energy Services Limited is a private company, limited by shares, registered in England and Wales, registration number 02747258. The registered office is Challenge House, Sherwood Drive, Bletchley, Milton Keynes, MK3 6DP.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33% on a reducing balance basis
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
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Professional Energy Services Limited Notes to the Accounts for the year ended 30 June 2023
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 July 2022
30,310 
Additions
5,469 
At 30 June 2023
35,779 
Depreciation
At 1 July 2022
25,592 
Charge for the year
3,396 
At 30 June 2023
28,988 
Net book value
At 30 June 2023
6,791 
At 30 June 2022
4,718 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
112,742 
176,218 
Accrued income and prepayments
77,000 
25,249 
Other debtors
30,918 
250,492 
220,660 
451,959 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
35,000 
35,000 
Trade creditors
20,522 
48,238 
Taxes and social security
129,626 
91,172 
Other creditors
760 
10,218 
Loans from directors
- 
12,977 
Accruals
63,961 
76,438 
249,869 
274,043 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
97,893 
132,893 
8
Average number of employees
During the year the average number of employees was 8 (2022: 9).
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