2023-01-01 04324728 2023-12-31 04324728 2023-01-01 2023-12-31 04324728 2022-12-31 04324728 2022-01-01 2022-12-31 04324728 uk-core:WithinOneYear 2022-12-31 04324728 uk-core:WithinOneYear 2023-12-31 04324728 uk-core:AfterOneYear 2022-12-31 04324728 uk-core:AfterOneYear 2023-12-31 04324728 uk-core:ShareCapital 2023-12-31 04324728 uk-core:ShareCapital 2022-12-31 04324728 uk-core:RetainedEarningsAccumulatedLosses 2023-12-31 04324728 uk-core:RetainedEarningsAccumulatedLosses 2022-12-31 04324728 uk-bus:Director1 2023-01-01 2023-12-31 04324728 uk-core:NetGoodwill 2023-01-01 2023-12-31 04324728 uk-core:PlantMachinery 2023-01-01 2023-12-31 04324728 uk-core:Vehicles 2023-01-01 2023-12-31 04324728 uk-core:Goodwill 2022-12-31 04324728 uk-core:Goodwill 2023-12-31 04324728 uk-core:Vehicles 2022-12-31 04324728 uk-core:PlantMachinery 2022-12-31 04324728 uk-core:PlantMachinery 2023-12-31 04324728 uk-core:Vehicles 2023-12-31 04324728 uk-core:WithinOneYear 2023-12-31 04324728 uk-core:WithinOneYear 2022-12-31 iso4217:GBP xbrli:pure 04324728 uk-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 04324728 uk-bus:FRS102 2023-01-01 2023-12-31 04324728 uk-bus:FilletedAccounts 2023-01-01 2023-12-31 04324728 uk-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31
PERCIVAL ENGINEERING LIMITED
Registered Number:04324728
For the year ended 31 December 2023
England and Wales
Unaudited Financial Statements
2
Registered Number :
04324728
As at 31 December 2023
PERCIVAL ENGINEERING LIMITED
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Intangible assets
1,000
1,000
2
Property, plant and equipment
124,660
114,344
3
125,660
115,344
Current assets
Inventories
3,000
3,000
4
Trade and other receivables
4,672
11,942
5
-
Cash and cash equivalents
4,526
19,468
7,672
Trade and other payables: amounts falling due within one
year
(83,436)
(89,413)
6
(75,764)
(69,945)
Net current liabilities
Total assets less current liabilities
55,715
39,580
Trade and other payables: amounts falling due after more
than one year
(25,968)
(31,120)
7
24,595
Net assets
13,612
Capital and reserves
Called up share capital
1
1
Retained earnings
24,594
13,611
24,595
13,612
Shareholders' funds
For the year ended 31 December 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 of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
RICHARD J PERCIVAL Director
These financial statements were approved and authorised for issue by the Board on 28 February 2024 and were signed by:
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3
Registered Number :
04324728
For the year ended 31 December 2023
PERCIVAL ENGINEERING LIMITED
Statement of Financial Position Continued
The notes form part of these financial statements
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For the year ended 31 December 2023
PERCIVAL ENGINEERING LIMITED
Notes to the Financial Statements
Statutory Information
PERCIVAL ENGINEERING LIMITED is a private limited company, limited by shares, domiciled in England and Wales,
registration number 04324728.
Registered address:
SPRING VALLEY
ARDLEIGH
COLCHESTER
ESSEX
CO7 7SB
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of 20 years.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
20 Reducing balance
20 Reducing balance
Motor vehicles
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Debtors include amounts recoverable on long term contracts which are stated at the net sales value of the work done after provision for contingencies and any anticipated future losses on contracts, less amounts received as progress payments on account. Any excess progress payments are included in creditors as payments on account.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the profit and loss account.
Hire purchase and leasing commitments
The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
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For the year ended 31 December 2023
PERCIVAL ENGINEERING LIMITED
Notes to the Financial Statements Continued
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 January 2023
30,000
At 31 December 2023
30,000
Amortisation
At 01 January 2023
29,000
At 31 December 2023
29,000
Net book value
At 31 December 2023
1,000
At 31 December 2022
1,000
3. Property, plant and equipment
Total
Motor vehicles
Plant and
machinery
£
£
£
Cost or
valuation
At 01 January 2023
189,387
35,080
154,307
21,316
19,900
1,416
Additions
(15,096)
-
Disposals
(15,096)
At 31 December 2023
155,723
39,884
195,607
Provision for depreciation and impairment
At 01 January 2023
75,043
16,000
59,043
Charge for year
4,000
4,000
-
(8,096)
(8,096)
-
On disposal
At 31 December 2023
70,947
11,904
59,043
At 31 December 2023
Net book value
96,680
27,980
124,660
At 31 December 2022
95,264
19,080
114,344
4. Inventories
2022
2023
£
£
Stocks
3,000
3,000
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For the year ended 31 December 2023
PERCIVAL ENGINEERING LIMITED
Notes to the Financial Statements Continued
5. Trade and other receivables
2022
2023
£
£
Trade debtors
11,942
4,672
6. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft
29,198
24,716
Trade creditors
45,719
33,801
Taxation and social security
14,496
24,919
89,413
83,436
7. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Trade creditors
-
8,400
Other creditors
31,120
17,568
31,120
25,968
8. Average number of persons employed
During the year the average number of employees was 4 (2022 : 4)
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