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REGISTERED NUMBER: 01160560 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023

FOR

PRESSURE DESIGN & ENGINEERING LIMITED

PRESSURE DESIGN & ENGINEERING LIMITED (REGISTERED NUMBER: 01160560)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PRESSURE DESIGN & ENGINEERING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTORS: Mr D M Penty
Mr J H D Penty
Mr W A C Hamilton



SECRETARY: Mr J M Penty



REGISTERED OFFICE: Commercial Road
Goldthorpe Industrial Estate
Goldthorpe
Rotherham
South Yorkshire
S63 9BL



REGISTERED NUMBER: 01160560 (England and Wales)



ACCOUNTANTS: Gibson Booth Limited
12 Victoria Road
Barnsley
South Yorkshire
S70 2BB



BANKERS: National Westminster Bank Plc
Bank Street
Mexborough
Doncaster
South Yorkshire
S64 9QE

PRESSURE DESIGN & ENGINEERING LIMITED (REGISTERED NUMBER: 01160560)

BALANCE SHEET
31 AUGUST 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 445,227 486,644
Investments 5 100 100
445,327 486,744

CURRENT ASSETS
Debtors 6 1,136,842 -
Cash at bank 8,474 223,025
1,145,316 223,025
CREDITORS
Amounts falling due within one year 7 89,275 19,986
NET CURRENT ASSETS 1,056,041 203,039
TOTAL ASSETS LESS CURRENT LIABILITIES 1,501,368 689,783

CREDITORS
Amounts falling due after more than
one year

8

(815,000

)

-

PROVISIONS FOR LIABILITIES (23,030 ) (28,672 )
NET ASSETS 663,338 661,111

CAPITAL AND RESERVES
Called up share capital 9 6,002 6,002
Retained earnings 657,336 655,109
SHAREHOLDERS' FUNDS 663,338 661,111

PRESSURE DESIGN & ENGINEERING LIMITED (REGISTERED NUMBER: 01160560)

BALANCE SHEET - continued
31 AUGUST 2023


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

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

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 16 April 2024 and were signed on its behalf by:





Mr J H D Penty - Director


PRESSURE DESIGN & ENGINEERING LIMITED (REGISTERED NUMBER: 01160560)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1. STATUTORY INFORMATION

Pressure Design & Engineering 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 financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

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.

Preparation of consolidated financial statements
The financial statements contain information about Pressure Design & Engineering Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Significant judgements and estimates
No judgements have been made in the process of applying the below accounting policies that have had the most significant effect on amounts recognised in the financial statements.

There are no key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing material adjustment to the carrying amount of assets and liabilities within the next financial year.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

When the outcome of a transaction can be estimated reliably, turnover from management charges is recognised by reference to the stage of completion at the balance sheet date.

PRESSURE DESIGN & ENGINEERING LIMITED (REGISTERED NUMBER: 01160560)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 12.5% on reducing balance
Fixtures and fittings - 25% on cost and 15% on reducing balance
Motor vehicles - 25% on reducing balance

Tangible fixed assets are stated at cost or valuation less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in thee assets of the company after deducting all of its liabilities.

PRESSURE DESIGN & ENGINEERING LIMITED (REGISTERED NUMBER: 01160560)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 September 2022 652,228 245,058 101,214 176,186 1,174,686
Additions - - 1,330 - 1,330
Disposals - - - (18,605 ) (18,605 )
At 31 August 2023 652,228 245,058 102,544 157,581 1,157,411
DEPRECIATION
At 1 September 2022 316,488 180,258 93,275 98,021 688,042
Charge for year 11,723 8,101 2,925 19,390 42,139
Eliminated on disposal - - - (17,997 ) (17,997 )
At 31 August 2023 328,211 188,359 96,200 99,414 712,184
NET BOOK VALUE
At 31 August 2023 324,017 56,699 6,344 58,167 445,227
At 31 August 2022 335,740 64,800 7,939 78,165 486,644

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 September 2022
and 31 August 2023 100
NET BOOK VALUE
At 31 August 2023 100
At 31 August 2022 100

PRESSURE DESIGN & ENGINEERING LIMITED (REGISTERED NUMBER: 01160560)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

6. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.23 31.8.22
£    £   
Amounts owed by group undertakings 1,136,842 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade creditors 14,114 6,518
Corporation tax 9,440 6,566
Social security and other taxes - 1,011
VAT 3,284 3,455
Other creditors 60,000 -
Accruals and deferred income 2,437 2,436
89,275 19,986

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.23 31.8.22
£    £   
Amounts owed to group undertakings 815,000 -

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.23 31.8.22
value: £    £   
1,835 'A' Ordinary £1 1,835 1,835
950 'B' Ordinary £1 950 950
1,134 'C' Ordinary £1 1,134 1,134
950 'D' Ordinary £1 950 950
1,133 'E' Ordinary £1 1,133 1,133
6,002 6,002

10. RELATED PARTY DISCLOSURES

31.08.23 31.08.22
£ £
Amounts due to related parties 60,000 -

PRESSURE DESIGN & ENGINEERING LIMITED (REGISTERED NUMBER: 01160560)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

11. ULTIMATE PARENT COMPANY

The parent undertaking of the smallest group within which Pressure Design & Engineering Limited belongs is headed by Pressure Design Automation Ltd.

The ultimate parent undertaking is Pressure Design Automation Ltd.

The parent company's registered office address is;

Commercial Road
Goldthorpe Industrial Estate
Goldthorpe
Rotherham
South Yorkshire
S63 9BL