PZ Engineering Limited 10580148 false 2022-03-01 2023-02-28 2023-02-28 The principal activity of the company is providing engineering services Digita Accounts Production Advanced 6.30.9574.0 true 10580148 2022-03-01 2023-02-28 10580148 2023-02-28 10580148 bus:OrdinaryShareClass1 2023-02-28 10580148 core:CurrentFinancialInstruments 2023-02-28 10580148 bus:SmallEntities 2022-03-01 2023-02-28 10580148 bus:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 10580148 bus:AbridgedAccounts 2022-03-01 2023-02-28 10580148 bus:SmallCompaniesRegimeForAccounts 2022-03-01 2023-02-28 10580148 bus:RegisteredOffice 2022-03-01 2023-02-28 10580148 bus:Director1 2022-03-01 2023-02-28 10580148 bus:OrdinaryShareClass1 2022-03-01 2023-02-28 10580148 bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 10580148 countries:AllCountries 2022-03-01 2023-02-28 10580148 2021-03-01 2022-02-28 10580148 2022-02-28 10580148 bus:OrdinaryShareClass1 2022-02-28 10580148 core:CurrentFinancialInstruments 2022-02-28 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 10580148

PZ Engineering Limited

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 28 February 2023

 

PZ Engineering Limited

Contents

Company Information

1

Abridged Balance Sheet

2

Notes to the Unaudited Abridged Financial Statements

3 to 6

 

PZ Engineering Limited

Company Information

Director

Panagiotis Zafeiropoulos

Registered office

Suite 609 Brittania House
1-11 Glenthorne Road
London
W6 0LH

Accountants

Mark Broadhead Accountants Limited

 

PZ Engineering Limited

(Registration number: 10580148)
Abridged Balance Sheet as at 28 February 2023

Note

2023
£

2022
£

Current assets

 

Debtors

4

30,341

30,674

Cash at bank and in hand

 

-

235

 

30,341

30,909

Accruals and deferred income

 

(1,700)

(2,200)

Net assets

 

28,641

28,709

Capital and reserves

 

Called up share capital

5

100

100

Retained earnings

28,541

28,609

Shareholders' funds

 

28,641

28,709

For the financial year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 4 February 2024
 

.........................................
Panagiotis Zafeiropoulos
Director

 

PZ Engineering Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 28 February 2023

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Suite 609 Brittania House
1-11 Glenthorne Road
London
W6 0LH
England

These financial statements were authorised for issue by the director on 4 February 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

PZ Engineering Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 28 February 2023

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

4

Debtors

Debtors includes £Nil (2022 - £Nil) due after more than one year.

5

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

         
 

PZ Engineering Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 28 February 2023

6

Dividends

   

2023

 

2022

   

£

 

£

Interim dividend of £Nil (2022 - £20.00) per ordinary share

 

-

 

2,000

         

7

Related party transactions

 

PZ Engineering Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 28 February 2023

Director's remuneration

The director's remuneration for the year was as follows:

2023
£

2022
£

Remuneration

797

9,558