PROCESS MACHINERY LIMITED

Company Registration Number:
01395839 (England and Wales)

Unaudited abridged accounts for the year ended 30 June 2023

Period of accounts

Start date: 01 July 2022

End date: 30 June 2023

PROCESS MACHINERY LIMITED

Contents of the Financial Statements

for the Period Ended 30 June 2023

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 9

PROCESS MACHINERY LIMITED

Company Information

for the Period Ended 30 June 2023




Director: Bernard Alfred Thompson
Daphne Janette Thompson
Secretary: Bernard Alfred Thompson
Registered office: 30
Knowl Piece
Wilbury Way
Hitchin
Hertfordshire
England
SG4 0TY
Company Registration Number: 01395839 (England and Wales)

PROCESS MACHINERY LIMITED

Balance sheet

As at 30 June 2023


Notes

2023
£

2022
£
Fixed assets
Tangible assets: 4 147,136 147,136
Total fixed assets: 147,136 147,136
Current assets
Stocks: 24,991 32,189
Debtors: 129,622 304,268
Cash at bank and in hand: 1,419,635 1,151,631
Total current assets: 1,574,248 1,488,088
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 5 ( 210,953 ) ( 149,335 )
Net current assets (liabilities): 1,363,295 1,338,753
Total assets less current liabilities: 1,510,431 1,485,889
Creditors: amounts falling due after more than one year: ( 0 ) ( 0 )
Provision for liabilities: ( 22,865 ) ( 22,865 )
Accruals and deferred income: ( 0 ) ( 0 )
Total net assets (liabilities): 1,487,566 1,463,024

The notes form part of these financial statements

PROCESS MACHINERY LIMITED

Balance sheet continued

As at 30 June 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 100 100
Revaluation reserve: 6 91,478 91,478
Profit and loss account: 1,395,988 1,371,446
Shareholders funds: 1,487,566 1,463,024

For the year ending 30 June 2023 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 12 March 2024
And Signed On Behalf Of The Board By:

Name: Bernard Alfred Thompson
Status: Director

The notes form part of these financial statements

PROCESS MACHINERY LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

PROCESS MACHINERY LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 2 2

PROCESS MACHINERY LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

  • 3. Off balance sheet disclosure

    No

PROCESS MACHINERY LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

4. Tangible Assets

Total
Cost £
At 01 July 2022 152,714
Additions -
Disposals -
Revaluations -
Transfers -
At 30 June 2023 152,714
Depreciation
At 01 July 2022 5,578
Charge for year -
On disposals -
Other adjustments -
At 30 June 2023 5,578
Net book value
At 30 June 2023 147,136
At 30 June 2022 147,136

PROCESS MACHINERY LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

5. Creditors: amounts falling due within one year note

Trade creditors £ 142995
Corporation tax £ 34306
Social security & other taxes £ 15945
Other creditors £ 17707

PROCESS MACHINERY LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

6. Revaluation reserve


2023
£
Balance at 01 July 2022 91,478
Surplus or deficit after revaluation 0
Balance at 30 June 2023 91,478

PROCESS MACHINERY LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

7.1. Loans to Directors

Name of director receiving advance or credit: Bernard Alfred Thompson
Description of the transaction:
Purchase of shares in the company
Balance at 01 July 2022 107,500
Advances or credits made: 0
Advances or credits repaid: 107,500
Balance at 30 June 2023 0

Name of director receiving advance or credit: Daphne Janette Thompson
Description of the transaction:
Purchase of shares in the company
Balance at 01 July 2022 107,500
Advances or credits made: 0
Advances or credits repaid: 107,500
Balance at 30 June 2023 0