IRIS Accounts Production v24.1.9.2 08824929 director 1.4.23 31.3.24 31.3.24 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh088249292023-03-31088249292024-03-31088249292023-04-012024-03-31088249292022-03-31088249292022-04-012023-03-31088249292023-03-3108824929ns15:EnglandWales2023-04-012024-03-3108824929ns14:PoundSterling2023-04-012024-03-3108824929ns10:Director12023-04-012024-03-3108824929ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3108824929ns10:SmallEntities2023-04-012024-03-3108824929ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3108824929ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3108824929ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3108824929ns10:FullAccounts2023-04-012024-03-3108824929ns10:RegisteredOffice2023-04-012024-03-3108824929ns5:CurrentFinancialInstruments2024-03-3108824929ns5:CurrentFinancialInstruments2023-03-3108824929ns5:Non-currentFinancialInstruments2024-03-3108824929ns5:Non-currentFinancialInstruments2023-03-3108824929ns5:ShareCapital2024-03-3108824929ns5:ShareCapital2023-03-3108824929ns5:RetainedEarningsAccumulatedLosses2024-03-3108824929ns5:RetainedEarningsAccumulatedLosses2023-03-3108824929ns5:PlantMachinery2023-04-012024-03-3108824929ns5:PlantMachinery2023-03-3108824929ns5:PlantMachinery2024-03-3108824929ns5:PlantMachinery2023-03-3108824929ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3108824929ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3108824929ns5:Secured2024-03-3108824929ns5:Secured2023-03-3108824929ns5:DeferredTaxation2023-03-3108824929ns5:DeferredTaxation2023-04-012024-03-3108824929ns5:DeferredTaxation2024-03-31
REGISTERED NUMBER: 08824929 (England and Wales)















PENNINE CONTROL SYSTEMS LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024






PENNINE CONTROL SYSTEMS LIMITED (REGISTERED NUMBER: 08824929)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PENNINE CONTROL SYSTEMS LIMITED

COMPANY INFORMATION
for the year ended 31 March 2024







DIRECTOR: R A Cox





REGISTERED OFFICE: Vernon House
40 New North Road
Huddersfield
West Yorkshire
HD1 5LS





REGISTERED NUMBER: 08824929 (England and Wales)





ACCOUNTANTS: SMH Sheards
Chartered Accountants
Vernon House
40 New North Road
Huddersfield
West Yorkshire
HD1 5LS

PENNINE CONTROL SYSTEMS LIMITED (REGISTERED NUMBER: 08824929)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 6,111 7,861

CURRENT ASSETS
Stocks 95,000 -
Debtors 5 57,239 47,764
Cash at bank 43,494 95,471
195,733 143,235
CREDITORS
Amounts falling due within one year 6 (168,980 ) (108,966 )
NET CURRENT ASSETS 26,753 34,269
TOTAL ASSETS LESS CURRENT
LIABILITIES

32,864

42,130

CREDITORS
Amounts falling due after more than one
year

7

(18,214

)

(28,271

)

PROVISIONS FOR LIABILITIES 9 (1,171 ) (1,538 )
NET ASSETS 13,479 12,321

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 13,379 12,221
SHAREHOLDERS' FUNDS 13,479 12,321

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

PENNINE CONTROL SYSTEMS LIMITED (REGISTERED NUMBER: 08824929)

BALANCE SHEET - continued
31 March 2024


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 director and authorised for issue on 16 August 2024 and were signed by:





R A Cox - Director


PENNINE CONTROL SYSTEMS LIMITED (REGISTERED NUMBER: 08824929)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2024


1. STATUTORY INFORMATION

Pennine Control Systems 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 represented by the invoiced sales of services, excluding VAT, which are recognised when the services are provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost, 25% on reducing balance and 20% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs.

Financial assets are assessed for indicators of impairment at each balance sheet date, with any impairment losses being recognised in profit or loss. If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed in profit or loss.

Financial liabilities are classified depending on the substance of the contractual arrangements entered into.

Basic financial liabilities, including trade and other creditors, bank loans and accruals and amounts owed to group undertakings, are initially recognised at transaction price.

Financial assets and liabilities are derecognised when the company's contractual obligations are settled, cancelled or they expire.


PENNINE CONTROL SYSTEMS LIMITED (REGISTERED NUMBER: 08824929)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024


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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 35,528
Additions 560
At 31 March 2024 36,088
DEPRECIATION
At 1 April 2023 27,667
Charge for year 2,310
At 31 March 2024 29,977
NET BOOK VALUE
At 31 March 2024 6,111
At 31 March 2023 7,861

PENNINE CONTROL SYSTEMS LIMITED (REGISTERED NUMBER: 08824929)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 50,888 44,779
Other debtors 6,351 2,985
57,239 47,764

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,056 9,808
Trade creditors 87,015 43,558
Taxation and social security 10,236 16,802
Other creditors 61,673 38,798
168,980 108,966

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 18,214 28,271

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 28,270 38,079

The bank loan comprises a loan secured by a Government backed initiative.

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 1,171 1,538

Deferred
tax
£   
Balance at 1 April 2023 1,538
Credit to Income Statement during year (367 )
Balance at 31 March 2024 1,171

PENNINE CONTROL SYSTEMS LIMITED (REGISTERED NUMBER: 08824929)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024


10. RELATED PARTY DISCLOSURES

Loans owing to the directors on an interest free basis of £53,803 (2023: £34,554) were outstanding at the year end. Loans will be repaid when funds permit.