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REGISTERED NUMBER: 04720267 (England and Wales)














PEMBERTON ENGINEERING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2023






PEMBERTON ENGINEERING LIMITED (REGISTERED NUMBER: 04720267)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PEMBERTON ENGINEERING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH APRIL 2023







DIRECTORS: C J Pemberton
D E Pemberton





SECRETARY: T J Pemberton





REGISTERED OFFICE: Unit 7 Strawberry Lane Industrial Estate
Strawberry Lane
Wolverhampton
West Midlands
WV13 3RS





REGISTERED NUMBER: 04720267 (England and Wales)






PEMBERTON ENGINEERING LIMITED (REGISTERED NUMBER: 04720267)

BALANCE SHEET
30TH APRIL 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 595,561 596,739

CURRENT ASSETS
Stocks 138,848 84,422
Debtors 5 322,670 257,572
Cash at bank 172,280 127,304
633,798 469,298
CREDITORS
Amounts falling due within one year 6 462,658 425,293
NET CURRENT ASSETS 171,140 44,005
TOTAL ASSETS LESS CURRENT
LIABILITIES

766,701

640,744

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 766,601 640,644
SHAREHOLDERS' FUNDS 766,701 640,744

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 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 5th April 2024 and were signed on its behalf by:





D E Pemberton - Director


PEMBERTON ENGINEERING LIMITED (REGISTERED NUMBER: 04720267)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2023

1. STATUTORY INFORMATION

Pemberton Engineering 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. 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.
Freehold property - not provided
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2022 - 15 ) .

PEMBERTON ENGINEERING LIMITED (REGISTERED NUMBER: 04720267)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2023

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£ £ £ £ £
COST
At 1st May 2022 441,442 354,854 7,987 25,213 829,496
Additions - 17,057 - - 17,057
At 30th April 2023 441,442 371,911 7,987 25,213 846,553
DEPRECIATION
At 1st May 2022 - 203,240 4,974 24,543 232,757
Charge for year - 17,544 565 126 18,235
At 30th April 2023 - 220,784 5,539 24,669 250,992
NET BOOK VALUE
At 30th April 2023 441,442 151,127 2,448 544 595,561
At 30th April 2022 441,442 151,614 3,013 670 596,739

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 289,649 160,712
Tax 33,021 96,860
322,670 257,572

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans and overdrafts 213,624 254,932
Trade creditors 139,129 110,196
Social security and other taxes 44,793 30,115
VAT 39,028 9,786
Other creditors 611 3,396
Directors' current accounts 25,473 2,692
Accrued expenses - 14,176
462,658 425,293

7. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£ £
Bank loans 213,624 254,932

The company's bank loans are secured by way of a fixed and floating charge over the assets of the company.