Conor Price Engineering Ltd |
Registered Number:SC349994 |
For the year ended 31 October 2023
Scotland
Unaudited Financial Statements
For the year ended 31 October 2023
Conor Price Engineering Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Conor Price Engineering Ltd
Statement of Financial Position
2022
2023
Property, plant and equipment |
243,350
222,842
2
243,350
222,842
Trade and other receivables |
586,256
624,840
3
53,096
Cash and cash equivalents |
66,521
691,361
639,352
Trade and other payables: amounts falling due within one |
year |
(95,998)
(79,178)
4
543,354
612,183
Net current assets
Total assets less current liabilities |
855,533
766,196
Trade and other payables: amounts falling due after more |
than one year |
(101,922)
(95,570)
5
759,963
Net assets
664,274
1
1
759,962
664,273
759,963
664,274
Shareholders' funds
For the year ended 31 October 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
These financial statements were approved and authorised for issue by the Board on 22 July 2024 and were signed by: |
The notes form part of these financial statements |
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For the year ended 31 October 2023
Conor Price Engineering Ltd
Notes to the Financial Statements
Statutory Information
Conor Price Engineering Ltd is a private limited company, limited by shares, domiciled in Scotland, registration number |
SC349994. |
First Floor, Archibald Hope House
Eskmills
Station Road
Musselburgh
EH21 7PE
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Land and buildings
Plant and machinery
Motor vehicles
Fixtures and fittings
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
2 of 4
For the year ended 31 October 2023
Conor Price Engineering Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment |
Motor vehicles
260,944
336
11,200
59,408
190,000
38,180
-
-
38,180
-
97,588
11,200
336
299,124
190,000
Provision for depreciation and impairment |
38,102
-
4,900
33,202
-
Charge for year
17,672
-
1,575
16,097
-
55,774
-
6,475
49,299
-
190,000
48,289
4,725
336
243,350
190,000
26,206
6,300
336
222,842
3. Trade and other receivables |
2022
2023
157,939
135,270
466,901
450,986
586,256
624,840
The debtors above include the following amounts falling due after more than one year: |
466,901
450,986
4. Trade and other payables: amounts falling due within one year |
2022
2023
Taxation and social security |
74,055
91,379
5,123
4,619
79,178
95,998
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For the year ended 31 October 2023
Conor Price Engineering Ltd
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due after more than one year |
2022
2023
95,570
101,922
6. Directors advances and guarantees |
Conor Price
Property Loan, No fixed repayment terms, 2.25% interest |
-
23,319
-
23,319
7. Average number of persons employed |
During the year the average number of employees was 14 (2022 : 11)
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