IRIS Accounts Production v24.1.9.2 05646319 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh056463192022-12-31056463192023-12-31056463192023-01-012023-12-31056463192021-12-31056463192022-01-012022-12-31056463192022-12-3105646319ns15:EnglandWales2023-01-012023-12-3105646319ns14:PoundSterling2023-01-012023-12-3105646319ns10:Director12023-01-012023-12-3105646319ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3105646319ns10:SmallEntities2023-01-012023-12-3105646319ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3105646319ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3105646319ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3105646319ns10:FullAccounts2023-01-012023-12-3105646319ns10:Director22023-01-012023-12-3105646319ns10:Director32023-01-012023-12-3105646319ns10:RegisteredOffice2023-01-012023-12-3105646319ns5:CurrentFinancialInstruments2023-12-3105646319ns5:CurrentFinancialInstruments2022-12-3105646319ns5:Non-currentFinancialInstruments2023-12-3105646319ns5:Non-currentFinancialInstruments2022-12-3105646319ns5:ShareCapital2023-12-3105646319ns5:ShareCapital2022-12-3105646319ns5:RetainedEarningsAccumulatedLosses2023-12-3105646319ns5:RetainedEarningsAccumulatedLosses2022-12-3105646319ns5:ShortLeaseholdAssetsns5:LandBuildings2022-12-3105646319ns5:PlantMachinery2022-12-3105646319ns5:FurnitureFittings2022-12-3105646319ns5:ShortLeaseholdAssetsns5:LandBuildings2023-01-012023-12-3105646319ns5:PlantMachinery2023-01-012023-12-3105646319ns5:FurnitureFittings2023-01-012023-12-3105646319ns5:ShortLeaseholdAssetsns5:LandBuildings2023-12-3105646319ns5:PlantMachinery2023-12-3105646319ns5:FurnitureFittings2023-12-3105646319ns5:ShortLeaseholdAssetsns5:LandBuildings2022-12-3105646319ns5:PlantMachinery2022-12-3105646319ns5:FurnitureFittings2022-12-3105646319ns5:MotorVehicles2022-12-3105646319ns5:ComputerEquipment2022-12-3105646319ns5:MotorVehicles2023-01-012023-12-3105646319ns5:ComputerEquipment2023-01-012023-12-3105646319ns5:MotorVehicles2023-12-3105646319ns5:ComputerEquipment2023-12-3105646319ns5:MotorVehicles2022-12-3105646319ns5:ComputerEquipment2022-12-3105646319ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3105646319ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3105646319ns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3105646319ns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3105646319ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2023-12-3105646319ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2022-12-3105646319ns5:HirePurchaseContracts2023-12-3105646319ns5:HirePurchaseContracts2022-12-3105646319ns5:WithinOneYear2023-12-3105646319ns5:WithinOneYear2022-12-31
REGISTERED NUMBER: 05646319 (England and Wales)















PTECH UK LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






PTECH UK LIMITED (REGISTERED NUMBER: 05646319)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PTECH UK LIMITED

COMPANY INFORMATION
For The Year Ended 31 DECEMBER 2023







DIRECTORS: Mrs A Thompson
J P Thompson
C Thompson





REGISTERED OFFICE: The Farm Office
Lower Hollowfields Farm
Bradley Green
Redditch
Worcestershire
B96 6TQ





REGISTERED NUMBER: 05646319 (England and Wales)





ACCOUNTANTS: Charles Lovell & Co Limited
Chartered Certified Accountants
and Statutory Auditors
8 Church Green East
Redditch
Worcestershire
B98 8BP

PTECH UK LIMITED (REGISTERED NUMBER: 05646319)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 156,010 150,246

CURRENT ASSETS
Stocks 50,125 51,065
Debtors 5 55,503 40,438
Cash at bank 68,175 116,814
173,803 208,317
CREDITORS
Amounts falling due within one year 6 128,073 145,529
NET CURRENT ASSETS 45,730 62,788
TOTAL ASSETS LESS CURRENT
LIABILITIES

201,740

213,034

CREDITORS
Amounts falling due after more than one year 7 (45,846 ) (49,685 )

PROVISIONS FOR LIABILITIES (17,926 ) (17,033 )
NET ASSETS 137,968 146,316

CAPITAL AND RESERVES
Called up share capital 100 2
Retained earnings 137,868 146,314
SHAREHOLDERS' FUNDS 137,968 146,316

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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 16 July 2024 and were signed on its behalf by:




Mrs A Thompson - Director


PTECH UK LIMITED (REGISTERED NUMBER: 05646319)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 DECEMBER 2023


1. STATUTORY INFORMATION

PTech UK 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, value added tax and other sales taxes.

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 etc-33% on cost and 25% on reducing balance
Land and buildings-20% on cost

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

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.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

PTECH UK LIMITED (REGISTERED NUMBER: 05646319)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 DECEMBER 2023


4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 January 2023 3,105 160,253 21,316
Additions - 278 354
At 31 December 2023 3,105 160,531 21,670
DEPRECIATION
At 1 January 2023 3,105 65,879 18,376
Charge for year - 23,657 749
At 31 December 2023 3,105 89,536 19,125
NET BOOK VALUE
At 31 December 2023 - 70,995 2,545
At 31 December 2022 - 94,374 2,940

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2023 76,737 16,998 278,409
Additions 40,899 5,227 46,758
At 31 December 2023 117,636 22,225 325,167
DEPRECIATION
At 1 January 2023 24,957 15,846 128,163
Charge for year 15,501 1,087 40,994
At 31 December 2023 40,458 16,933 169,157
NET BOOK VALUE
At 31 December 2023 77,178 5,292 156,010
At 31 December 2022 51,780 1,152 150,246

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 51,112 39,288
Other debtors 4,391 1,150
55,503 40,438

PTECH UK LIMITED (REGISTERED NUMBER: 05646319)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 DECEMBER 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 10,043 13,785
Hire purchase contracts (see note 8) 13,333 7,999
Trade creditors 51,756 76,080
Taxation and social security 47,377 34,615
Other creditors 5,564 13,050
128,073 145,529

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans 15,615 25,687
Hire purchase contracts (see note 8) 30,231 23,998
45,846 49,685

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.12.23 31.12.22
£    £   
Net obligations repayable:
Within one year 13,333 7,999
Between one and five years 30,231 23,998
43,564 31,997

Non-cancellable operating leases
31.12.23 31.12.22
£    £   
Within one year - 11,880