Company registration number 08225477 (England and Wales)
PULSE FIXINGS 2000 LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023
PAGES FOR FILING WITH REGISTRAR
PULSE FIXINGS 2000 LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
PULSE FIXINGS 2000 LTD (REGISTERED NUMBER: 08225477)
BALANCE SHEET
AS AT 30 SEPTEMBER 2023
30 September 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
4
32,302
11,096
Current assets
Stocks
210,909
227,595
Debtors
5
752,102
738,256
Investments
6
11,300
1,300
Cash at bank and in hand
129,986
212,416
1,104,297
1,179,567
Creditors: amounts falling due within one year
7
(636,013)
(729,972)
Net current assets
468,284
449,595
Total assets less current liabilities
500,586
460,691
Provisions for liabilities
(2,108)
(2,774)
Net assets
498,478
457,917
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
498,378
457,817
Total equity
498,478
457,917
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
PULSE FIXINGS 2000 LTD (REGISTERED NUMBER: 08225477)
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2023
30 September 2023
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 10 January 2024
Mr A Males
Director
PULSE FIXINGS 2000 LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023
- 3 -
1
Accounting policies
Company information
Pulse Fixings 2000 Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 19-21 Swan Street, West Malling, Kent, ME19 6JU.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.
1.3
Intangible fixed assets other than goodwill
Intangible assets are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.
Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Software
25% on cost
1.4
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and machinery
25% on reducing balance
Fixtures, fittings & equipment
25% on reducing balance
Computer equipment
33% on straight line
Motor vehicles
25% on reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
PULSE FIXINGS 2000 LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2023
1
Accounting policies
(Continued)
- 4 -
1.5
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.
1.6
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
1.7
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
1.8
Leases
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
16
13
PULSE FIXINGS 2000 LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2023
- 5 -
3
Intangible fixed assets
Software
£
Cost
At 1 October 2022 and 30 September 2023
12,876
Amortisation and impairment
At 1 October 2022 and 30 September 2023
12,876
Carrying amount
At 30 September 2023
At 30 September 2022
4
Tangible fixed assets
Plant and machinery
Fixtures, fittings & equipment
Computer equipment
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 October 2022
10,500
12,238
10,622
33,360
Additions
10,000
15,025
25,025
At 30 September 2023
10,500
22,238
10,622
15,025
58,385
Depreciation and impairment
At 1 October 2022
219
11,424
10,621
22,264
Depreciation charged in the year
1,320
1,246
1
1,252
3,819
At 30 September 2023
1,539
12,670
10,622
1,252
26,083
Carrying amount
At 30 September 2023
8,961
9,568
13,773
32,302
At 30 September 2022
10,281
814
1
11,096
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
750,807
735,525
Other debtors
1,295
2,731
752,102
738,256
PULSE FIXINGS 2000 LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2023
- 6 -
6
Current asset investments
2023
2022
£
£
Other investments
11,300
1,300
7
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
551,787
645,820
Taxation and social security
74,587
76,565
Other creditors
9,639
7,587
636,013
729,972