Acorah Software Products - Accounts Production 15.0.600 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 06872749 Mr R Foulkes Mrs C Foulkes Mr R Foulkes iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06872749 2023-04-30 06872749 2024-04-30 06872749 2023-05-01 2024-04-30 06872749 frs-core:CurrentFinancialInstruments 2024-04-30 06872749 frs-core:FurnitureFittings 2024-04-30 06872749 frs-core:FurnitureFittings 2023-05-01 2024-04-30 06872749 frs-core:FurnitureFittings 2023-04-30 06872749 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-04-30 06872749 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-05-01 2024-04-30 06872749 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-04-30 06872749 frs-core:MotorVehicles 2024-04-30 06872749 frs-core:MotorVehicles 2023-05-01 2024-04-30 06872749 frs-core:MotorVehicles 2023-04-30 06872749 frs-core:PlantMachinery 2024-04-30 06872749 frs-core:PlantMachinery 2023-05-01 2024-04-30 06872749 frs-core:PlantMachinery 2023-04-30 06872749 frs-core:ShareCapital 2024-04-30 06872749 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 06872749 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 06872749 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 06872749 frs-bus:SmallEntities 2023-05-01 2024-04-30 06872749 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 06872749 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 06872749 frs-bus:Director1 2023-05-01 2024-04-30 06872749 frs-bus:Director2 2023-05-01 2024-04-30 06872749 frs-bus:CompanySecretary1 2023-05-01 2024-04-30 06872749 frs-countries:EnglandWales 2023-05-01 2024-04-30 06872749 2022-04-30 06872749 2023-04-30 06872749 2022-05-01 2023-04-30 06872749 frs-core:CurrentFinancialInstruments 2023-04-30 06872749 frs-core:ShareCapital 2023-04-30 06872749 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 06872749
PSS Engineering Limited
Financial Statements
For The Year Ended 30 April 2024
Stubbs Parkin
55 Hoghton Street
Southport
Merseyside
PR9 0PG
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06872749
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 52,160 66,612
52,160 66,612
CURRENT ASSETS
Stocks 5 192,869 181,114
Debtors 6 189,991 262,203
Cash at bank and in hand 19,580 10,822
402,440 454,139
Creditors: Amounts Falling Due Within One Year 7 (220,580 ) (290,872 )
NET CURRENT ASSETS (LIABILITIES) 181,860 163,267
TOTAL ASSETS LESS CURRENT LIABILITIES 234,020 229,879
NET ASSETS 234,020 229,879
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 233,920 229,779
SHAREHOLDERS' FUNDS 234,020 229,879
Page 1
Page 2
For the year ending 30 April 2024 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr R Foulkes
Director
30th July 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
PSS Engineering Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06872749 . The registered office is 55 Hoghton Street, Southport, Merseyside, PR9 0PG. The financial statements are presented in the company's presentation currency of GBP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 10% straight line
Plant & Machinery 20% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 16 (2023: 18)
16 18
Page 3
Page 4
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 May 2023 70,318 233,570 6,425 57,485 367,798
Additions - - - 754 754
As at 30 April 2024 70,318 233,570 6,425 58,239 368,552
Depreciation
As at 1 May 2023 62,641 183,921 6,017 48,607 301,186
Provided during the period 2,782 9,930 102 2,392 15,206
As at 30 April 2024 65,423 193,851 6,119 50,999 316,392
Net Book Value
As at 30 April 2024 4,895 39,719 306 7,240 52,160
As at 1 May 2023 7,677 49,649 408 8,878 66,612
5. Stocks
2024 2023
£ £
Stock 90,381 87,808
Work in progress 102,488 93,306
192,869 181,114
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 176,203 235,828
Other debtors 13,788 26,375
189,991 262,203
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 101,092 113,174
Other creditors 111,914 171,467
Taxation and social security 7,574 6,231
220,580 290,872
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5