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REGISTERED NUMBER: 03369681 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

PCA Engineers Limited

PCA Engineers Limited (Registered number: 03369681)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


PCA Engineers Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Dr C J Robinson
G D Cox Managing Director
X Wu



REGISTERED OFFICE: Studio One Deepdale Enterprise Park
Deepdale Lane
Nettleham
Lincoln
Lincolnshire
LN2 2LL



REGISTERED NUMBER: 03369681 (England and Wales)



ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
15 Newland
Lincoln
Lincolnshire
LN1 1XG



BANKERS: HSBC Bank Plc
221 High Street
Lincoln
Lincolnshire
LN1 1TS



SOLICITORS: Chattertons Legal Services Limted
1 Flavian Road
Nettleham Road
Lincoln
Lincolnshire
LN2 4GR

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
PCA Engineers Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of PCA Engineers Limited for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of PCA Engineers Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of PCA Engineers Limited and state those matters that we have agreed to state to the Board of Directors of PCA Engineers Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than PCA Engineers Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that PCA Engineers Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of PCA Engineers Limited. You consider that PCA Engineers Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of PCA Engineers Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Wright Vigar Limited
Chartered Accountants & Business Advisers
15 Newland
Lincoln
Lincolnshire
LN1 1XG


8 August 2024

PCA Engineers Limited (Registered number: 03369681)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,310 232
Tangible assets 5 54,148 74,263
56,458 74,495

CURRENT ASSETS
Stocks 157,594 382,763
Debtors 6 598,356 710,036
Cash at bank and in hand 540,146 595,077
1,296,096 1,687,876
CREDITORS
Amounts falling due within one year 7 554,334 525,402
NET CURRENT ASSETS 741,762 1,162,474
TOTAL ASSETS LESS CURRENT
LIABILITIES

798,220

1,236,969

PROVISIONS FOR LIABILITIES 6,312 7,894
NET ASSETS 791,908 1,229,075

CAPITAL AND RESERVES
Called up share capital 8 322 415
Share premium 9 50,532 50,532
Capital redemption reserve 9 736 643
Retained earnings 9 740,318 1,177,485
SHAREHOLDERS' FUNDS 791,908 1,229,075

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 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.

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 8 August 2024 and were signed on its behalf by:





G D Cox Managing Director - Director


PCA Engineers Limited (Registered number: 03369681)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

PCA Engineers 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.

Turnover
Turnover represents the revenue resulting from exchange transactions under which the company supplies to customers the goods or services that it is in business to provide.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of one years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost
Fixtures and fittings - 15% on reducing balance
Office equipment - 33% on cost
Display equipment - 33% on cost

Stocks
Stocks are stated as follows:

Work in progress


Valued at the lower of cost and net realisable value.Cost includes all direct
expenditure and an appropriate proportion of fixed and variable overheads
based on normal levels of activity.Net realisable value is based on estimated
selling price less further costs expected to be incurred to completion.

Long term contract
balances



Cost of direct materials and labour and attributable overheads plus any
attributable profit less any foreseeable losses which are not matched with
turnover less payments on account not offset against amounts recoverable on
contracts.

Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

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.


PCA Engineers Limited (Registered number: 03369681)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Leasing commitments
Rentals paid under operating leases are charged to the profit and loss account as incurred.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2023 - 17 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2023 310
Additions 2,640
At 31 March 2024 2,950
AMORTISATION
At 1 April 2023 78
Charge for year 562
At 31 March 2024 640
NET BOOK VALUE
At 31 March 2024 2,310
At 31 March 2023 232

PCA Engineers Limited (Registered number: 03369681)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Motor Computer and
vehicles equipment fittings
£    £    £   
COST
At 1 April 2023 3,666 127,842 59,697
Additions - 2,722 -
Disposals - (19,180 ) -
At 31 March 2024 3,666 111,384 59,697
DEPRECIATION
At 1 April 2023 229 110,549 16,877
Charge for year 859 9,959 10,309
Eliminated on disposal - (19,180 ) -
At 31 March 2024 1,088 101,328 27,186
NET BOOK VALUE
At 31 March 2024 2,578 10,056 32,511
At 31 March 2023 3,437 17,293 42,820

Office Display
equipment equipment Totals
£    £    £   
COST
At 1 April 2023 16,706 3,039 210,950
Additions - - 2,722
Disposals (417 ) - (19,597 )
At 31 March 2024 16,289 3,039 194,075
DEPRECIATION
At 1 April 2023 5,993 3,039 136,687
Charge for year 1,710 - 22,837
Eliminated on disposal (417 ) - (19,597 )
At 31 March 2024 7,286 3,039 139,927
NET BOOK VALUE
At 31 March 2024 9,003 - 54,148
At 31 March 2023 10,713 - 74,263

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 392,206 341,466
Other debtors 206,150 368,570
598,356 710,036

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 36,508 25,878
Taxation and social security 25,708 53,161
Other creditors 492,118 446,363
554,334 525,402

PCA Engineers Limited (Registered number: 03369681)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:



Number: Class: Nominal 2024 2023
Value: £    £   

3 Ordinary voting £1 3 5
273 Ordinary non voting £1 273 338
0 Participating £1 0 26
46 Ordinary employee non voting £1 46 46
322 415

9. RESERVES
Capital
Retained Share redemption
earnings premium reserve Totals
£    £    £    £   

At 1 April 2023 1,177,485 50,532 643 1,228,660
Deficit for the year (67,203 ) (67,203 )
Dividends (132,947 ) (132,947 )
Purchase of own shares (237,017 ) - 93 (236,924 )
At 31 March 2024 740,318 50,532 736 791,586

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
X Wu
Balance outstanding at start of year (46,318 ) -
Amounts advanced 18,596 10,019
Amounts repaid (10,182 ) (56,337 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (37,904 ) (46,318 )