Company Registration No. 3809897 (England and Wales)
P.E.C.Mechanical Handling Ltd
Unaudited accounts
for the year ended 31 July 2023
P.E.C.Mechanical Handling Ltd
Unaudited accounts
Contents
P.E.C.Mechanical Handling Ltd
Company Information
for the year ended 31 July 2023
Company Number
3809897 (England and Wales)
Registered Office
Bridge Farm
Besthorpe Road
North Scarle
Lincoln
LN6 9EZ
Accountants
Mike Behan Accountant
21 Millbrook Close
North Hykeham
Lincoln
LN6 9TA
P.E.C.Mechanical Handling Ltd
Statement of financial position
as at 31 July 2023
Tangible assets
129,530
105,855
Cash at bank and in hand
58,055
80,638
Creditors: amounts falling due within one year
(22,740)
(41,343)
Net current assets
73,316
83,816
Total assets less current liabilities
202,846
189,671
Creditors: amounts falling due after more than one year
(19,927)
(29,006)
Provisions for liabilities
Deferred tax
(11,730)
(6,400)
Net assets
171,189
154,265
Called up share capital
1
1
Profit and loss account
171,188
154,264
Shareholders' funds
171,189
154,265
For the year ending 31 July 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 23 April 2024 and were signed on its behalf by
Mr P Chapple
Director
Company Registration No. 3809897
P.E.C.Mechanical Handling Ltd
Notes to the Accounts
for the year ended 31 July 2023
P.E.C.Mechanical Handling Ltd is a private company, limited by shares, registered in England and Wales, registration number 3809897. The registered office is Bridge Farm, Besthorpe Road, North Scarle, Lincoln, LN6 9EZ.
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.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on Reducing Balance
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 August 2022
67,793
242,076
83,465
393,334
Additions
-
22,762
21,490
44,252
At 31 July 2023
67,793
264,838
104,955
437,586
At 1 August 2022
-
212,303
75,176
287,479
Charge for the year
-
13,133
7,444
20,577
At 31 July 2023
-
225,436
82,620
308,056
At 31 July 2023
67,793
39,402
22,335
129,530
At 31 July 2022
67,793
29,773
8,289
105,855
P.E.C.Mechanical Handling Ltd
Notes to the Accounts
for the year ended 31 July 2023
Amounts falling due within one year
Trade debtors
36,201
42,771
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
11,000
11,000
Trade creditors
6,497
15,522
Taxes and social security
-
8,399
Loans from directors
33
33
7
Creditors: amounts falling due after more than one year
2023
2022
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
9
Average number of employees
During the year the average number of employees was 3 (2022: 3).