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Company Registration No. 06812434 (England and Wales)
Precision Trade Frames (Mirfield) Ltd Unaudited accounts for the year ended 29 March 2023
Precision Trade Frames (Mirfield) Ltd Unaudited accounts Contents
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Precision Trade Frames (Mirfield) Ltd Company Information for the year ended 29 March 2023
Directors
Alan Deepak Abraham Deepak Abraham
Company Number
06812434 (England and Wales)
Registered Office
Rear 102-104 St John Street Bridlington YO16 7JS United Kingdom
Accountants
ONAF Limited 27 Tilton Drive Oadby LE2 5WW
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Precision Trade Frames (Mirfield) Ltd Statement of financial position as at 29 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
12,431 
16,575 
Current assets
Inventories
8,100 
6,850 
Debtors
974 
2,763 
Cash at bank and in hand
2,791 
198 
11,865 
9,811 
Creditors: amounts falling due within one year
(26,319)
(23,110)
Net current liabilities
(14,454)
(13,299)
Total assets less current liabilities
(2,023)
3,276 
Creditors: amounts falling due after more than one year
(9,872)
(9,871)
Net liabilities
(11,895)
(6,595)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(11,897)
(6,597)
Shareholders' funds
(11,895)
(6,595)
For the year ending 29 March 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 29 March 2024 and were signed on its behalf by
Deepak Abraham Director Company Registration No. 06812434
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Precision Trade Frames (Mirfield) Ltd Notes to the Accounts for the year ended 29 March 2023
1
Statutory information
Precision Trade Frames (Mirfield) Ltd is a private company, limited by shares, registered in England and Wales, registration number 06812434. The registered office is Rear 102-104 St John Street, Bridlington, YO16 7JS, United Kingdom.
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.
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
25% Reducing balance
Motor vehicles
25% Straight Line
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 30 March 2022
27,840 
3,050 
30,890 
At 29 March 2023
27,840 
3,050 
30,890 
Depreciation
At 30 March 2022
11,265 
3,050 
14,315 
Charge for the year
4,144 
- 
4,144 
At 29 March 2023
15,409 
3,050 
18,459 
Net book value
At 29 March 2023
12,431 
- 
12,431 
At 29 March 2022
16,575 
- 
16,575 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
418 
2,186 
Trade debtors
556 
577 
974 
2,763 
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Precision Trade Frames (Mirfield) Ltd Notes to the Accounts for the year ended 29 March 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
2,353 
- 
Trade creditors
91 
- 
Loans from directors
23,075 
22,310 
Accruals
800 
800 
26,319 
23,110 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
9,872 
9,871 
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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