Company Registration No. 10998799 (England and Wales)
P.U.I. Group Ltd
Unaudited accounts
for the year ended 4 April 2023
P.U.I. Group Ltd
Unaudited accounts
Contents
P.U.I. Group Ltd
Company Information
for the year ended 4 April 2023
Director
Ovidiu Marian Puicar
Company Number
10998799 (England and Wales)
Registered Office
9 Berwick Avenue
Hayes
Middlesex
UB4 0NF
United Kingdom
Accountants
Abacus Accounting Solutions Ltd
5 Pasture Close
North Wembley
Middlesex
HA0 3JE
P.U.I. Group Ltd
Statement of financial position
as at 4 April 2023
Tangible assets
10,143
13,250
Cash at bank and in hand
4,835
47,631
Creditors: amounts falling due within one year
(54,458)
(34,125)
Net current assets
57,588
61,571
Total assets less current liabilities
67,731
74,821
Creditors: amounts falling due after more than one year
(28,211)
(42,326)
Called up share capital
12
12
Profit and loss account
39,508
32,483
Shareholders' funds
39,520
32,495
For the year ending 4 April 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 director acknowledges his 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 and authorised for issue on 4 April 2024 and were signed on its behalf by
Ovidiu Marian Puicar
Director
Company Registration No. 10998799
P.U.I. Group Ltd
Notes to the Accounts
for the year ended 4 April 2023
P.U.I. Group Ltd is a private company, limited by shares, registered in England and Wales, registration number 10998799. The registered office is 9 Berwick Avenue, Hayes, Middlesex, UB4 0NF, 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.
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% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
25% reducing balance
Grants receivable
Business grants are credited to profit and loss account on an accruals basis where it is probable that they will be received.
Government assisted loans
Loans received through the Bounce Back Loan Scheme (BBLS) or the Coronavirus Business Interruption Loan Scheme (CBILS) are accounted for on the date the funds are received by the company. The first twelve months of the interest charge, which is funded by the government, is recognised in the profit and loss account as both an interest charge and as a government grant receivable.
The accounts are presented in £ sterling.
P.U.I. Group Ltd
Notes to the Accounts
for the year ended 4 April 2023
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 5 April 2022
5,987
19,930
350
2,030
28,297
At 4 April 2023
5,987
19,930
350
2,304
28,571
At 5 April 2022
4,822
8,720
240
1,265
15,047
Charge for the year
291
2,803
28
259
3,381
At 4 April 2023
5,113
11,523
268
1,524
18,428
At 4 April 2023
874
8,407
82
780
10,143
At 4 April 2022
1,165
11,210
110
765
13,250
Amounts falling due within one year
Trade debtors
54,685
34,835
Other debtors
52,526
13,230
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
10,021
10,021
Obligations under finance leases and hire purchase contracts
4,094
3,706
Taxes and social security
3,969
1,606
Other creditors
1,002
17,742
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
5,664
9,758
P.U.I. Group Ltd
Notes to the Accounts
for the year ended 4 April 2023
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Advanced Loan
(1,972)
31,317
-
29,345
The loan was repaid within 9 months.
9
Average number of employees
During the year the average number of employees was 3 (2022: 3).