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REGISTERED NUMBER: 03989462 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 May 2023

for

PCS Pipeline Services Limited

PCS Pipeline Services Limited (Registered number: 03989462)






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




Page

Company Information 1

Abridged Statement of Financial Position 2 to 3

Notes to the Financial Statements 4 to 5


PCS Pipeline Services Limited

Company Information
for the Year Ended 31 May 2023







DIRECTOR: S M Cluskey





REGISTERED OFFICE: 116 Furzebrook Road
Wareham
Dorset
BH20 5AR





REGISTERED NUMBER: 03989462 (England and Wales)





ACCOUNTANTS: Ward Goodman
St Mary's House
24 North Street
Wareham
Dorset
BH20 4AG

PCS Pipeline Services Limited (Registered number: 03989462)

Abridged Statement of Financial Position
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 42,811 69,952

CURRENT ASSETS
Debtors 317,909 78,847
Cash at bank 1,255,631 454,225
1,573,540 533,072
CREDITORS
Amounts falling due within one year 398,034 213,629
NET CURRENT ASSETS 1,175,506 319,443
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,218,317

389,395

CREDITORS
Amounts falling due after more than one year - (31,667 )

PROVISIONS FOR LIABILITIES (10,703 ) (9,871 )

ACCRUALS AND DEFERRED INCOME (39,217 ) -
NET ASSETS 1,168,397 347,857

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,168,297 347,757
SHAREHOLDERS' FUNDS 1,168,397 347,857

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

PCS Pipeline Services Limited (Registered number: 03989462)

Abridged Statement of Financial Position - continued
31 May 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the year ended 31 May 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 February 2024 and were signed by:





S M Cluskey - Director


PCS Pipeline Services Limited (Registered number: 03989462)

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

1. STATUTORY INFORMATION

PCS Pipeline Services 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Plant and machinery - 50% on cost
Motor vehicles - 33% on cost
Computer equipment - 25% on cost

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 statement of financial position date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 2 ) .

PCS Pipeline Services Limited (Registered number: 03989462)

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

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2022 211,799
Additions 61,177
At 31 May 2023 272,976
DEPRECIATION
At 1 June 2022 141,847
Charge for year 88,318
At 31 May 2023 230,165
NET BOOK VALUE
At 31 May 2023 42,811
At 31 May 2022 69,952

5. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans - 9,167

Amounts falling due between two and five years:
Bank loans - 2-5 years - 31,667