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REGISTERED NUMBER: 00972309 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

PRESSURE CLEAN LIMITED

PRESSURE CLEAN LIMITED (REGISTERED NUMBER: 00972309)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


PRESSURE CLEAN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: G J Fielding
D Fielding





REGISTERED OFFICE: Chart House
2 Effingham Road
Reigate
Surrey
RH2 7JN





REGISTERED NUMBER: 00972309 (England and Wales)





AUDITORS: John Williams & Co Limited
Statutory Auditors
Chartered Certified Accountants
Chart House
2 Effingham Road
Reigate
Surrey
RH2 7JN

PRESSURE CLEAN LIMITED (REGISTERED NUMBER: 00972309)

STATEMENT OF FINANCIAL POSITION
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 123,679 80,177

CURRENT ASSETS
Stocks 5 161,191 121,809
Debtors 6 242,193 225,839
Cash at bank and in hand 104,776 126,765
508,160 474,413
CREDITORS
Amounts falling due within one year 7 185,326 237,852
NET CURRENT ASSETS 322,834 236,561
TOTAL ASSETS LESS CURRENT
LIABILITIES

446,513

316,738

CREDITORS
Amounts falling due after more than one
year

8

(36,179

)

(25,430

)

PROVISIONS FOR LIABILITIES 11 (30,920 ) (15,234 )
NET ASSETS 379,414 276,074

CAPITAL AND RESERVES
Called up share capital 12 125 125
Retained earnings 13 379,289 275,949
SHAREHOLDERS' FUNDS 379,414 276,074

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 31 July 2024 and were signed on its behalf by:





G J Fielding - Director


PRESSURE CLEAN LIMITED (REGISTERED NUMBER: 00972309)

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

1. STATUTORY INFORMATION

Pressure Clean 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

PRESSURE CLEAN LIMITED (REGISTERED NUMBER: 00972309)

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

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 8 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 November 2022 89,207 9,589 94,320 193,116
Additions 47,495 2,570 35,876 85,941
Disposals (1,900 ) - - (1,900 )
At 31 October 2023 134,802 12,159 130,196 277,157
DEPRECIATION
At 1 November 2022 64,149 5,206 43,584 112,939
Charge for year 17,769 1,801 21,653 41,223
Eliminated on disposal (684 ) - - (684 )
At 31 October 2023 81,234 7,007 65,237 153,478
NET BOOK VALUE
At 31 October 2023 53,568 5,152 64,959 123,679
At 31 October 2022 25,058 4,383 50,736 80,177

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 November 2022 94,320
Additions 35,876
Transfer to ownership (19,013 )
At 31 October 2023 111,183
DEPRECIATION
At 1 November 2022 43,584
Charge for year 21,653
Transfer to ownership (14,501 )
At 31 October 2023 50,736
NET BOOK VALUE
At 31 October 2023 60,447
At 31 October 2022 50,736

PRESSURE CLEAN LIMITED (REGISTERED NUMBER: 00972309)

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

5. STOCKS
2023 2022
£    £   
Stocks 161,191 121,809

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 233,483 216,639
Other debtors 5,607 5,550
Prepayments 3,103 3,650
242,193 225,839

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts (see note 9) 23,183 20,271
Trade creditors 73,836 105,633
Tax 41,560 28,909
Social security and other taxes 5,200 3,500
VAT 16,906 13,453
Other creditors 23,852 23,205
Directors' current accounts 789 42,881
185,326 237,852

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts (see note 9) 36,179 25,430

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 23,183 20,271
Between one and five years 36,179 25,430
59,362 45,701

PRESSURE CLEAN LIMITED (REGISTERED NUMBER: 00972309)

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

9. LEASING AGREEMENTS - continued

Non-cancellable operating leases
2023 2022
£    £   
Within one year 24,000 24,000
Between one and five years 22,000 46,000
46,000 70,000

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 59,362 45,701

The hire purchase contracts are secured against the assets being financed.

11. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 30,920 15,234

Deferred
tax
£   
Balance at 1 November 2022 15,234
Accelerated capital allowances 15,686
Balance at 31 October 2023 30,920

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100
25 Ordinary B £1 25 25
125 125

PRESSURE CLEAN LIMITED (REGISTERED NUMBER: 00972309)

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

13. RESERVES
Retained
earnings
£   

At 1 November 2022 275,949
Profit for the year 171,340
Dividends (68,000 )
At 31 October 2023 379,289

14. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Michael R Wilson (Senior Statutory Auditor)
for and on behalf of John Williams & Co Limited

15. FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

16. ULTIMATE CONTROLLING PARTY

The controlling party is G J Fielding.