Registered number
01116843
Poole Technical Plating Services Limited
Filleted Accounts
30 June 2024
Poole Technical Plating Services Limited
Registered number: 01116843
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 558,205 625,073
Current assets
Stocks 92,976 106,559
Debtors 4 440,709 532,533
Cash at bank and in hand 1,124,426 741,116
1,658,111 1,380,208
Creditors: amounts falling due within one year 5 (329,814) (348,778)
Net current assets 1,328,297 1,031,430
Total assets less current liabilities 1,886,502 1,656,503
Provisions for liabilities (54,267) (51,979)
Net assets 1,832,235 1,604,524
Capital and reserves
Called up share capital 6,023 6,023
Share premium 70,065 70,065
Revaluation reserve 6 127,456 127,456
Profit and loss account 1,628,691 1,400,980
Shareholders' funds 1,832,235 1,604,524
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr C J Scott
Director
Approved by the board on 8 August 2024
Poole Technical Plating Services Limited
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings 1% per annum
Motor vehicles 30% per annum on monthly written down value
Plant and machinery 20% per annum on monthly written down value
Fixtures, fittings, tools and equipment 25% per annum on monthly written down value
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 29 30
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 July 2023 665,622 2,001,939 58,546 2,726,107
Disposals - - (58,546) (58,546)
At 30 June 2024 665,622 2,001,939 - 2,667,561
Depreciation
At 1 July 2023 319,476 1,730,935 50,623 2,101,034
Charge for the year 9,402 49,543 2,179 61,124
On disposals - - (52,802) (52,802)
At 30 June 2024 328,878 1,780,478 - 2,109,356
Net book value
At 30 June 2024 336,744 221,461 - 558,205
At 30 June 2023 346,146 271,004 7,923 625,073
Freehold land and buildings: 2024 2023
£ £
Historical cost 500,301 500,301
Cumulative depreciation based on historical cost 114,023 104,621
386,278 395,680
4 Debtors 2024 2023
£ £
Trade debtors 422,894 516,249
Other debtors 17,815 16,284
440,709 532,533
5 Creditors: amounts falling due within one year 2024 2023
£ £
Pension contol account - 33,680
Trade creditors 70,054 136,040
Taxation and social security costs 245,895 119,411
Other creditors 13,865 59,647
329,814 348,778
6 Revaluation reserve 2024 2023
£ £
At 1 July 2023 127,456 127,456
At 30 June 2024 127,456 127,456
7 Other information
Poole Technical Plating Services Limited is a private company limited by shares and incorporated in England. Its registered office is:
33 Countess Close
Merley
Wimborne
Dorset
BH21 1UJ
Poole Technical Plating Services Limited 01116843 false 2023-07-01 2024-06-30 2024-06-30 VT Final Accounts April 2024 Mr C J Scott No description of principal activity 01116843 2022-07-01 2023-06-30 01116843 core:WithinOneYear 2023-06-30 01116843 core:ShareCapital 2023-06-30 01116843 core:SharePremium 2023-06-30 01116843 core:OtherReservesSubtotal 2023-06-30 01116843 core:RetainedEarningsAccumulatedLosses 2023-06-30 01116843 core:RevaluationReserve 2022-06-30 01116843 2023-07-01 2024-06-30 01116843 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 01116843 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 01116843 bus:Director40 2023-07-01 2024-06-30 01116843 1 2023-07-01 2024-06-30 01116843 2 2023-07-01 2024-06-30 01116843 core:LandBuildings 2023-07-01 2024-06-30 01116843 core:PlantMachinery 2023-07-01 2024-06-30 01116843 core:Vehicles 2023-07-01 2024-06-30 01116843 countries:England 2023-07-01 2024-06-30 01116843 bus:FRS102 2023-07-01 2024-06-30 01116843 bus:FilletedAccounts 2023-07-01 2024-06-30 01116843 2024-06-30 01116843 core:WithinOneYear 2024-06-30 01116843 core:ShareCapital 2024-06-30 01116843 core:SharePremium 2024-06-30 01116843 core:OtherReservesSubtotal 2024-06-30 01116843 core:RetainedEarningsAccumulatedLosses 2024-06-30 01116843 core:LandBuildings 2024-06-30 01116843 core:PlantMachinery 2024-06-30 01116843 core:Vehicles 2024-06-30 01116843 core:RevaluationReserve 2024-06-30 01116843 2023-06-30 01116843 core:LandBuildings 2023-06-30 01116843 core:PlantMachinery 2023-06-30 01116843 core:Vehicles 2023-06-30 01116843 core:RevaluationReserve 2023-06-30 iso4217:GBP xbrli:pure