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REGISTERED NUMBER: 02792872 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

PRESSURE VACUUM LEVEL LIMITED

PRESSURE VACUUM LEVEL LIMITED (REGISTERED NUMBER: 02792872)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PRESSURE VACUUM LEVEL LIMITED

Company Information
for the Year Ended 31 July 2023







DIRECTORS: S J Moorey
W P Eburn





SECRETARY: Mrs J Moorey





REGISTERED OFFICE: Suite 1
1-3 Warren Court
Park Road
Crowborough
East Sussex
TN6 2QX





REGISTERED NUMBER: 02792872 (England and Wales)





ACCOUNTANTS: Summate Limited
Suite 1
1-3 Warren Court
Park Road
Crowborough
East Sussex
TN6 2QX

PRESSURE VACUUM LEVEL LIMITED (REGISTERED NUMBER: 02792872)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,291 17,969

CURRENT ASSETS
Stocks 199,015 198,432
Debtors 5 170,318 138,403
Cash at bank and in hand 63,390 66,090
432,723 402,925
CREDITORS
Amounts falling due within one year 6 201,392 148,432
NET CURRENT ASSETS 231,331 254,493
TOTAL ASSETS LESS CURRENT LIABILITIES 246,622 272,462

CREDITORS
Amounts falling due after more than one year 7 - (262 )

PROVISIONS FOR LIABILITIES (3,015 ) (3,364 )
NET ASSETS 243,607 268,836

PRESSURE VACUUM LEVEL LIMITED (REGISTERED NUMBER: 02792872)

Balance Sheet - continued
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 243,605 268,834
243,607 268,836

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 23 February 2024 and were signed on its behalf by:





S J Moorey - Director


PRESSURE VACUUM LEVEL LIMITED (REGISTERED NUMBER: 02792872)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Pressure Vacuum Level 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.
Land and buildings - in accordance with the property
Plant and machinery etc - 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.

PRESSURE VACUUM LEVEL LIMITED (REGISTERED NUMBER: 02792872)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 9 (2022 - 9 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2022 13,699 107,749 121,448
Additions - 2,319 2,319
Disposals - (3,832 ) (3,832 )
At 31 July 2023 13,699 106,236 119,935
DEPRECIATION
At 1 August 2022 13,698 89,781 103,479
Charge for year - 4,622 4,622
Eliminated on disposal - (3,457 ) (3,457 )
At 31 July 2023 13,698 90,946 104,644
NET BOOK VALUE
At 31 July 2023 1 15,290 15,291
At 31 July 2022 1 17,968 17,969

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 141,887 129,540
Other debtors 28,431 8,863
170,318 138,403

PRESSURE VACUUM LEVEL LIMITED (REGISTERED NUMBER: 02792872)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Hire purchase contracts 262 1,269
Trade creditors 133,100 86,965
Taxation and social security 58,408 42,710
Other creditors 9,622 17,488
201,392 148,432

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.7.23 31.7.22
£    £   
Hire purchase contracts - 262