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
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
Precision Trade Frames (Mirfield) Ltd
Statement of financial position
as at 29 March 2023
Tangible assets
12,431
16,575
Cash at bank and in hand
2,791
198
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)
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
Precision Trade Frames (Mirfield) Ltd
Notes to the Accounts
for the year ended 29 March 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
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
At 29 March 2023
12,431
-
12,431
At 29 March 2022
16,575
-
16,575
Amounts falling due within one year
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
-
Loans from directors
23,075
22,310
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).