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REGISTERED NUMBER: 01747946 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023

FOR

PEM LASER LIMITED

PEM LASER LIMITED (REGISTERED NUMBER: 01747946)






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


PEM LASER LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTORS: S A Bell
A P Mate
Platt Rushton LLP



SECRETARY: S A Bell



REGISTERED OFFICE: Sutherland House
1759 London Road
Leigh-on-Sea
Essex
SS9 2RZ



REGISTERED NUMBER: 01747946 (England and Wales)



ACCOUNTANTS: Platt Rushton LLP
Chartered Accountants
Sutherland House
1759 London Road
Leigh On Sea
Essex
SS9 2RZ



BANKERS: HSBC Bank Plc
Brentwood DSC
Unit B Redwing Court
Ashton Road
Harold Hill
Romford Essex
RM3 8UD

PEM LASER LIMITED (REGISTERED NUMBER: 01747946)

BALANCE SHEET
31 AUGUST 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 495,750 512,247
Investments 5 75,000 75,000
570,750 587,247

CURRENT ASSETS
Debtors 6 10,752 12,034
Cash at bank 56,837 56,332
67,589 68,366
CREDITORS
Amounts falling due within one year 7 104,039 89,333
NET CURRENT LIABILITIES (36,450 ) (20,967 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

534,300

566,280

PROVISIONS FOR LIABILITIES 46,781 48,002
NET ASSETS 487,519 518,278

CAPITAL AND RESERVES
Called up share capital 25,000 25,000
Retained earnings 9 462,519 493,278
SHAREHOLDERS' FUNDS 487,519 518,278

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.

PEM LASER LIMITED (REGISTERED NUMBER: 01747946)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 July 2024 and were signed on its behalf by:





S A Bell - Director


PEM LASER LIMITED (REGISTERED NUMBER: 01747946)

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

1. STATUTORY INFORMATION

PEM Laser 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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.
Land and buildings - 2% on cost upon completion
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

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.

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.

PEM LASER LIMITED (REGISTERED NUMBER: 01747946)

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 NIL (2022 - 1 ).

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 September 2022 362,802 1,006,136 1,368,938
Additions - 25,288 25,288
At 31 August 2023 362,802 1,031,424 1,394,226
DEPRECIATION
At 1 September 2022 116,032 740,659 856,691
Charge for year 7,757 34,028 41,785
At 31 August 2023 123,789 774,687 898,476
NET BOOK VALUE
At 31 August 2023 239,013 256,737 495,750
At 31 August 2022 246,770 265,477 512,247

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 September 2022
and 31 August 2023 75,000
NET BOOK VALUE
At 31 August 2023 75,000
At 31 August 2022 75,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 7,200 7,200
Amounts owed by group undertakings - 1,301
Other debtors 3,552 3,533
10,752 12,034

PEM LASER LIMITED (REGISTERED NUMBER: 01747946)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 51,599 60,417
Trade creditors 11,808 6,060
Amounts owed to group undertakings 4,824 -
Taxation and social security 30,192 17,890
Other creditors 5,616 4,966
104,039 89,333

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 51,599 60,417

There is a mortgage charge with HSBC Bank PLC, which is secured over the leasehold property of the company. The charge contains a negative pledge.

There is a loan from S A Bell secured by a fixed and floating charge. Covering all of the property and undertaking of the company.

9. RESERVES
Retained
earnings
£   

At 1 September 2022 493,278
Profit for the year 40,641
Dividends (71,400 )
At 31 August 2023 462,519