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COMPANY REGISTRATION NUMBER: 12369327
PROMECH ENGINEERING LTD
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 November 2023
PROMECH ENGINEERING LTD
STATEMENT OF FINANCIAL POSITION
30 November 2023
30 Nov 23
31 Dec 22
Note
£
£
Current assets
Cash at bank and in hand
2
2
Creditors: amounts falling due within one year
4
2,139
2,139
-------
-------
Net current liabilities
2,137
2,137
-------
-------
Total assets less current liabilities
( 2,137)
( 2,137)
-------
-------
Net liabilities
( 2,137)
( 2,137)
-------
-------
Capital and reserves
Called up share capital
5
20
20
Profit and loss account
( 2,157)
( 2,157)
-------
-------
Shareholders deficit
( 2,137)
( 2,137)
-------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the period ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 22 April 2024 , and are signed on behalf of the board by:
Mr G L Dumarey
Director
Company registration number: 12369327
PROMECH ENGINEERING LTD
NOTES TO THE FINANCIAL STATEMENTS
PERIOD FROM 1 JANUARY 2023 TO 30 NOVEMBER 2023
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is Colmill Works Hart Common, Wigan Road, Westhoughton, Bolton, BL5 2EE, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The financial statements have been prepared on a going concern basis. In reaching this decision, the directors have taken into account the continuing support required and is prepared to support the Company themselves, until such a time as profits are made. The period of this review is limited to one year from the date of approval of these financial statements.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
4. Creditors: amounts falling due within one year
30 Nov 23
31 Dec 22
£
£
Other creditors
2,139
2,139
-------
-------
5. Called up share capital
Issued, called up and fully paid
30 Nov 23
31 Dec 22
No.
£
No.
£
Ordinary shares of £ 1 each
20
20
20
20
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