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REGISTERED NUMBER: 13054518 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

POWDER AND MATERIAL HANDLING SERVICES
LIMITED

POWDER AND MATERIAL HANDLING SERVICES
LIMITED (REGISTERED NUMBER: 13054518)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


POWDER AND MATERIAL HANDLING SERVICES
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: T D Stewardson
D G Drake





REGISTERED OFFICE: Room 73, Wrest House
Wrest Park
Silsoe
Bedford
Bedfordshire
MK45 4HR





REGISTERED NUMBER: 13054518 (England and Wales)





ACCOUNTANTS: MDG Business Associates Limited
Room 73
Wrest House
Wrest Park
Silsoe
Bedfordshire
MK45 4HR

POWDER AND MATERIAL HANDLING SERVICES
LIMITED (REGISTERED NUMBER: 13054518)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 29,396 11,821

CURRENT ASSETS
Debtors 6 26,139 10,947
Cash at bank 90,757 11,399
116,896 22,346
CREDITORS
Amounts falling due within one year 7 66,604 13,376
NET CURRENT ASSETS 50,292 8,970
TOTAL ASSETS LESS CURRENT
LIABILITIES

79,688

20,791

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 79,686 20,789
SHAREHOLDERS' FUNDS 79,688 20,791

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 March 2024 and were signed on its behalf by:




D G Drake - Director



T D Stewardson - Director


POWDER AND MATERIAL HANDLING SERVICES
LIMITED (REGISTERED NUMBER: 13054518)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Powder and Material Handling 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.
Plant and machinery - 25% on cost
Motor vehicles - 20% on cost
Computer equipment - 15% on reducing balance

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.

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.

Operating leases
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 2 ) .

POWDER AND MATERIAL HANDLING SERVICES
LIMITED (REGISTERED NUMBER: 13054518)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
Cost
At 1 January 2023 2,000 16,000 1,047 19,047
Additions - 23,832 - 23,832
Disposals - (6,000 ) - (6,000 )
At 31 December 2023 2,000 33,832 1,047 36,879
Depreciation
At 1 January 2023 858 6,133 235 7,226
Charge for year 400 2,000 157 2,557
Eliminated on disposal - (2,300 ) - (2,300 )
At 31 December 2023 1,258 5,833 392 7,483
Net book value
At 31 December 2023 742 27,999 655 29,396
At 31 December 2022 1,142 9,867 812 11,821

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 24,398 8,380
Amounts owed by associates 241 -
Other debtors 1,500 2,567
26,139 10,947

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 6,819 2,693
Tax 15,082 3,745
Social security and other taxes 1,037 -
VAT 17,916 4,858
Pension 402 154
Directors' loan accounts - 622
Accruals and deferred income 25,348 1,304
66,604 13,376

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 21,600 -
Between one and five years 5,400 -
27,000 -

POWDER AND MATERIAL HANDLING SERVICES
LIMITED (REGISTERED NUMBER: 13054518)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1 2 2

On 26th February 2024 a further 98 Ordinary shares of £1 each were issued at par.

10. RELATED PARTY DISCLOSURES

At the year end the company owed an amount of £Nil (2022: £311) to D G Drake, director. No interest has been charged on this balance during the year (2022: £Nil) and there are no set repayment terms.

At the year end the company owed an amount of £Nil (2022: £311) to T D Stewardson, director. No interest has been charged on this balance during the year (2022: £Nil) and there are no set repayment terms.

During the year sales of £16,926 (2022: £Nil) and purchases of £15,849 (2022: £Nil) were made by the company in respect of Ingredient Batching Systems Limited, a company under common control. Included within debtors is an amount of £241 (2022: £Nil) due from Ingredient Batching Systems Limited. No interest has been charged on this balance during the period and there are no set repayment terms.