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REGISTERED NUMBER: 07723627 (England and Wales)















PAT Test Plus Limited

Unaudited Financial Statements

for the Year Ended 31 August 2023






PAT Test Plus Limited (Registered number: 07723627)






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


PAT Test Plus Limited

Company Information
for the Year Ended 31 August 2023







DIRECTORS: Mr S Norris
Mr L P J Sleeman
Mr R J Bull
Mr A D Kent





REGISTERED OFFICE: Lakeside Offices
The Old Cattle Market
Coronation Park
Helston
Cornwall
TR13 0SR





REGISTERED NUMBER: 07723627 (England and Wales)





ACCOUNTANTS: BK Plus Limited
Lakeside Offices
The Old Cattle Market
Coronation Park
Helston
Cornwall
TR13 0SR

PAT Test Plus Limited (Registered number: 07723627)

Balance Sheet
31 August 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 25,135 29,493

CURRENT ASSETS
Stocks 46,391 52,117
Debtors 5 236,693 171,745
Cash at bank and in hand 39,599 68,626
322,683 292,488
CREDITORS
Amounts falling due within one year 6 166,991 124,920
NET CURRENT ASSETS 155,692 167,568
TOTAL ASSETS LESS CURRENT LIABILITIES 180,827 197,061

CREDITORS
Amounts falling due after more than one
year

7

(80,534

)

(112,430

)

PROVISIONS FOR LIABILITIES (3,411 ) (3,602 )
NET ASSETS 96,882 81,029

CAPITAL AND RESERVES
Called up share capital 150 150
Retained earnings 96,732 80,879
SHAREHOLDERS' FUNDS 96,882 81,029

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.

PAT Test Plus Limited (Registered number: 07723627)

Balance Sheet - continued
31 August 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 August 2024 and were signed on its behalf by:




Mr R J Bull - Director Mr A D Kent - Director




Mr L P J Sleeman - Director Mr S Norris - Director


PAT Test Plus Limited (Registered number: 07723627)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

PAT Test Plus 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 presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover consists of services in relation to the repair of household appliances, PAT testing, sales of new appliances and refurbishment. It is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover from the sale of goods is recognised at the point of delivery to the customer.

Turnover in respect of services is recognised as the services are performed.

Tangible fixed assets
Tangible fixed assets are stated at cost, less any subsequent accumulated depreciation and accumulated impairment losses.

Depreciation is provided at the following annual rates to write off each asset over its estimated useful life.

Improvements to property- 25% on reducing balance
Fixtures and fittings- 25% on cost
Motor vehicles- 25% on reducing balance
Computer equipment- 25% on cost

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

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

PAT Test Plus Limited (Registered number: 07723627)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

2. ACCOUNTING POLICIES - continued

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.

Assets acquired under finance leases or hire purchase agreements are capitalised and depreciated in the same manner as owned assets. The lease obligation is recognised as a creditor, with lease payments apportioned between interest charged to the profit and loss over the term of the lease using the effective interest method, and the capital element reducing the amount payable to the lessor.

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 9 (2022 - 9 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Improvements and Motor Computer
to property fittings vehicles equipment Totals
£ £ £ £ £
COST
At 1 September 2022 14,956 2,162 42,325 3,673 63,116
Additions - 4,201 - - 4,201
At 31 August 2023 14,956 6,363 42,325 3,673 67,317
DEPRECIATION
At 1 September 2022 8,646 541 20,763 3,673 33,623
Charge for year 1,578 1,590 5,391 - 8,559
At 31 August 2023 10,224 2,131 26,154 3,673 42,182
NET BOOK VALUE
At 31 August 2023 4,732 4,232 16,171 - 25,135
At 31 August 2022 6,310 1,621 21,562 - 29,493

PAT Test Plus Limited (Registered number: 07723627)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£
COST
At 1 September 2022
and 31 August 2023 38,825
DEPRECIATION
At 1 September 2022 18,254
Charge for year 5,143
At 31 August 2023 23,397
NET BOOK VALUE
At 31 August 2023 15,428
At 31 August 2022 20,571

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 38,631 29,334
Amounts owed by group undertakings 195,557 129,234
Other debtors 2,505 13,177
236,693 171,745

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans and overdrafts 26,703 26,456
Hire purchase contracts 4,954 8,037
Trade creditors 96,469 67,328
Taxation and social security 25,815 10,394
Other creditors 13,050 12,705
166,991 124,920

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£ £
Bank loans 73,229 99,931
Hire purchase contracts 7,305 12,499
80,534 112,430

PAT Test Plus Limited (Registered number: 07723627)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£ £
Hire purchase contracts 12,259 20,536

The debts are secured against motor vehicles with a carrying value of £15,428 (2022: £20,571).

9. PENSION COMMITMENTS

The company operates a defined contribution pension scheme. The pension contributions during the year amounted to £4,675 (2022: £4.031). The amount owing at the balance sheet date is £7,580 (2022: £5,562).