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REGISTERED NUMBER: 04420071 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

PROCESS PLANT SERVICES LIMITED

PROCESS PLANT SERVICES LIMITED (REGISTERED NUMBER: 04420071)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PROCESS PLANT SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: Mr G Bosson
Mrs N Bosson





SECRETARIES: Miss B D Bosson
Mr J R Bosson





REGISTERED OFFICE: 10a Revenge Road
Lordswood
Chatham
Kent
ME5 8UD





REGISTERED NUMBER: 04420071 (England and Wales)





ACCOUNTANTS: Stephen Hill Partnership Limited
139-141 Watling Street
Gillingham
Kent
ME7 2YY

PROCESS PLANT SERVICES LIMITED (REGISTERED NUMBER: 04420071)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 11,452 15,089
Investments 6 111,500 111,500
122,952 126,589

CURRENT ASSETS
Stocks 1,604 1,400
Debtors 7 290,357 340,101
Cash at bank and in hand 1,064,237 1,097,282
1,356,198 1,438,783
CREDITORS
Amounts falling due within one year 8 81,169 143,108
NET CURRENT ASSETS 1,275,029 1,295,675
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,397,981

1,422,264

CREDITORS
Amounts falling due after more than one
year

9

(13,230

)

(23,399

)

PROVISIONS FOR LIABILITIES (2,817 ) (2,897 )
NET ASSETS 1,381,934 1,395,968

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,381,834 1,395,868
SHAREHOLDERS' FUNDS 1,381,934 1,395,968

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

PROCESS PLANT SERVICES LIMITED (REGISTERED NUMBER: 04420071)

BALANCE SHEET - continued
30 APRIL 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 Board of Directors and authorised for issue on 1 August 2024 and were signed on its behalf by:





Mr G Bosson - Director


PROCESS PLANT SERVICES LIMITED (REGISTERED NUMBER: 04420071)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Process Plant Services 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates and value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of ten years.

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.

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 - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on reducing balance

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

The assets' residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying value amount and are recognised in the Income Statement.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors.

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.

PROCESS PLANT SERVICES LIMITED (REGISTERED NUMBER: 04420071)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

2. ACCOUNTING POLICIES - continued

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions.

Creditors
Short term creditors are measured at the transaction price.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 38,538
AMORTISATION
At 1 May 2023
and 30 April 2024 38,538
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

PROCESS PLANT SERVICES LIMITED (REGISTERED NUMBER: 04420071)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2023 59,320 78,556 28,081 165,957
Additions 437 - 350 787
At 30 April 2024 59,757 78,556 28,431 166,744
DEPRECIATION
At 1 May 2023 57,868 67,627 25,373 150,868
Charge for year 589 2,886 949 4,424
At 30 April 2024 58,457 70,513 26,322 155,292
NET BOOK VALUE
At 30 April 2024 1,300 8,043 2,109 11,452
At 30 April 2023 1,452 10,929 2,708 15,089

6. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2024 2023
£    £   
Classical vehicles 111,500 111,500

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 91,474 156,218
Other debtors 198,883 183,883
290,357 340,101

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,048 9,808
Trade creditors 30,896 35,515
Taxation and social security 34,729 85,183
Other creditors 5,496 12,602
81,169 143,108

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 13,230 23,399

PROCESS PLANT SERVICES LIMITED (REGISTERED NUMBER: 04420071)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year - 56,000

11. RELATED PARTY DISCLOSURES

At the end of the year the company was owed £190,483 (2023: £175,483) by Lordswood Car & Commercials Ltd, a company controlled by Mr G Bosson and Mrs N Bosson.