Company Registration No. 10203440 (England and Wales)
P & R TECHNICAL SOLUTIONS LIMITED
Unaudited accounts
for the year ended 31 May 2023
P & R TECHNICAL SOLUTIONS LIMITED
Unaudited accounts
Contents
P & R TECHNICAL SOLUTIONS LIMITED
Company Information
for the year ended 31 May 2023
Secretary
Sharon Louise McDonald
Company Number
10203440 (England and Wales)
Registered Office
14 Blossom Drive
Bromsgrove
Worcs
B61 0UF
Accountants
AC Counts & Services Ltd
Office 42
Imex Business Centre, Oxleasow Road
Redditch
Worcestershire
B98 0RE
P & R TECHNICAL SOLUTIONS LIMITED
Statement of financial position
as at 31 May 2023
Cash at bank and in hand
33,319
20,143
Creditors: amounts falling due within one year
(6,761)
(7,797)
Net current assets
28,736
16,658
Called up share capital
1,000
1,000
Profit and loss account
27,737
15,781
Shareholders' funds
28,737
16,781
For the year ending 31 May 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 17 January 2024 and were signed on its behalf by
Roger McDonald
Director
Company Registration No. 10203440
P & R TECHNICAL SOLUTIONS LIMITED
Notes to the Accounts
for the year ended 31 May 2023
P & R TECHNICAL SOLUTIONS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10203440. The registered office is 14 Blossom Drive, Bromsgrove, Worcs, B61 0UF.
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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
The financial statements have been prepared on a going concern basis. This assumes the continued support of the director. The director has indicated his support will continue for the foreseeable future.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33% Straight Line Method
Computer equipment
25% Straight Line Method
P & R TECHNICAL SOLUTIONS LIMITED
Notes to the Accounts
for the year ended 31 May 2023
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 June 2022
129
489
618
At 31 May 2023
129
489
618
At 1 June 2022
129
366
495
Charge for the year
122
-
122
At 31 May 2023
251
366
617
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
5,648
6,587
Loans from directors
123
-
7
Transactions with related parties
At the year end, there was a balance of £123 owed to director Mr Roger Macdonald.
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).