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Registered number: 07387398

PR Plant Welding Services Limited

ACCOUNTS
FOR THE YEAR ENDED 31/10/2023

Prepared By:
GT Accountants Limited
Unit 7, The Court House
72 Moorland Road, Burslem
Stoke on Trent
Staffs
ST6 1DY

PR Plant Welding Services Limited

ACCOUNTS
FOR THE YEAR ENDED 31/10/2023
DIRECTORS
Patrick Plant
Ryan Brown
REGISTERED OFFICE
33 Woodcock Lane
Mow Cop
Stoke on Trent
Staffs
ST7 3NG
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 07387398
BANKERS
Barclays
ACCOUNTANTS
GT Accountants Limited
Unit 7, The Court House
72 Moorland Road, Burslem
Stoke on Trent
Staffs
ST6 1DY

PR Plant Welding Services Limited

ACCOUNTS
FOR THEYEARENDED31/10/2023
CONTENTS
Page
Balance Sheet3
Notes To The Accounts4

PR Plant Welding Services Limited

BALANCE SHEET AT 31/10/2023
20232022
Notes££
FIXED ASSETS
Tangible assets327,9809,333
CURRENT ASSETS
Stock200200
Debtors522,90073,942
Cash at bank and in hand167,980169,302
191,080243,444
CREDITORS: Amounts falling due within one year662,46380,485
NET CURRENT ASSETS128,617162,959
TOTAL ASSETS LESS CURRENT LIABILITIES156,597172,292
PROVISIONS FOR LIABILITIES AND CHARGES75,3161,773
NET ASSETS151,281170,519
CAPITAL AND RESERVES
Called up share capital8101101
Profit and loss account151,180170,418
SHAREHOLDERS' FUNDS151,281170,519
For the year ending 31/10/2023 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 29/07/2024 and signed on their behalf by
Patrick Plant
Director

PR Plant Welding Services Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/10/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Commercial Vehiclesreducing balance 25%
Equipmentreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1e. Government Grants
Government grants are recognised in profit and loss in the year in which they are received.
2. EMPLOYEES
20232022
No.No.
Average number of employees55

PR Plant Welding Services Limited

3. TANGIBLE FIXED ASSETS
Plant and
Machinery Etc.Total
££
Cost
At 01/11/202231,54931,549
Additions28,00028,000
Disposals(15,000)(15,000)
At 31/10/202344,54944,549
Depreciation
At 01/11/202222,21622,216
Disposals(11,863)(11,863)
For the year6,2166,216
At 31/10/202316,56916,569
Net Book Amounts
At 31/10/202327,98027,980
At 31/10/20229,3339,333
4. STOCK 20232022
££
Stock comprises:
Stock200200
200200
5. DEBTORS 20232022
££
Amounts falling due within one year:
Trade debtors18,95069,679
Other debtors3,9504,263
22,90073,942

PR Plant Welding Services Limited

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax27,47437,522
VAT20,09530,221
PAYE control25489
Directors current account - Patrick1,959604
Directors current account - Ryan6,473226
Trade creditors5,65310,639
Pension schemes137137
Accruals647647
62,46380,485
7. PROVISIONS FOR LIABILITIES 20232022
££
Deferred taxation5,3161,773
5,3161,773
8. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
1 Class B shares of £1 each11
101101