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REGISTERED NUMBER: 06914085 (England and Wales)











P O Engineering Ltd

Unaudited Financial Statements

for the Year Ended 31 May 2023






P O Engineering Ltd (Registered number: 06914085)






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




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


P O Engineering Ltd

Company Information
for the Year Ended 31 May 2023







Director: P A Ormandy





Registered office: 76 Manchester Road
Denton
Manchester
M34 3PS





Registered number: 06914085 (England and Wales)





Accountants: Warr & Co Limited
Chartered Accountants
Mynshull House
78 Churchgate
Stockport
Cheshire
SK1 1YJ

P O Engineering Ltd (Registered number: 06914085)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £   
Fixed assets
Tangible assets 4 460 -
Investments 5 29,049 28,769
29,509 28,769

Current assets
Debtors 6 20,802 2,712
Cash at bank 12,837 4,639
33,639 7,351
Creditors
Amounts falling due within one year 7 (9,425 ) (3,490 )
Net current assets 24,214 3,861
Total assets less current liabilities 53,723 32,630

Capital and reserves
Called up share capital 20 20
Retained earnings 53,703 32,610
Shareholders' funds 53,723 32,630

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.

P O Engineering Ltd (Registered number: 06914085)

Balance Sheet - 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.

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 10 February 2024 and were signed by:





P A Ormandy - Director


P O Engineering Ltd (Registered number: 06914085)

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

1. Statutory information

P O Engineering Ltd 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.

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 etc - 33% 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. Employees and directors

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

P O Engineering Ltd (Registered number: 06914085)

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

4. Tangible fixed assets
Plant and
machinery
etc
£   
Cost
At 1 June 2022 12,419
Additions 707
Disposals (10,433 )
At 31 May 2023 2,693
Depreciation
At 1 June 2022 12,419
Charge for year 247
Eliminated on disposal (10,433 )
At 31 May 2023 2,233
Net book value
At 31 May 2023 460

5. Fixed asset investments
Other
investments
£   
Cost
At 1 June 2022 28,769
Additions 2,746
Disposals (2,466 )
At 31 May 2023 29,049
Net book value
At 31 May 2023 29,049
At 31 May 2022 28,769

6. Debtors: amounts falling due within one year
31.5.23 31.5.22
£    £   
Other debtors 20,802 2,712

P O Engineering Ltd (Registered number: 06914085)

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

7. Creditors: amounts falling due within one year
31.5.23 31.5.22
£    £   
Taxation and social security 5,372 -
Other creditors 4,053 3,490
9,425 3,490