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REGISTERED NUMBER: 02783603 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

PESCOT LIMITED
TRADING AS
PROCOM

PESCOT LIMITED (REGISTERED NUMBER: 02783603)
TRADING AS PROCOM

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PESCOT LIMITED
TRADING AS PROCOM

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: R.R. Pierce
D R Pierce
Miss D J Pierce





REGISTERED OFFICE: Courtyard I, Unit 3
Springhead Enterprise Park
Springhead Road
Northfleet
Kent
DA11 8HL





REGISTERED NUMBER: 02783603 (England and Wales)





ACCOUNTANTS: Carleys
Second Floor South
The Fitted Rigging House
The Historic Dockyard
Chatham
Kent
ME4 4TZ

PESCOT LIMITED (REGISTERED NUMBER: 02783603)
TRADING AS PROCOM

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 71,225 40,605

CURRENT ASSETS
Stocks 29,127 27,150
Debtors 5 149,626 147,614
Cash at bank and in hand 16,846 37,618
195,599 212,382
CREDITORS
Amounts falling due within one year 6 82,362 93,821
NET CURRENT ASSETS 113,237 118,561
TOTAL ASSETS LESS CURRENT
LIABILITIES

184,462

159,166

CREDITORS
Amounts falling due after more than one
year

7

55,040

40,413
NET ASSETS 129,422 118,753

CAPITAL AND RESERVES
Called up share capital 9 10,000 10,000
Share premium 3,894 3,894
Retained earnings 115,528 104,859
SHAREHOLDERS' FUNDS 129,422 118,753

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

PESCOT LIMITED (REGISTERED NUMBER: 02783603)
TRADING AS PROCOM

BALANCE SHEET - continued
31 JANUARY 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 9 October 2024 and were signed on its behalf by:





R.R. Pierce - Director


PESCOT LIMITED (REGISTERED NUMBER: 02783603)
TRADING AS PROCOM

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024


1. STATUTORY INFORMATION

Pescot 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, net of discounts and value added taxes. Turnover includes revenue earned from the sale and hire of goods and services.

Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer.

Hire of goods
Turnover from the hire of goods is recognised on a pro rata basis over the period of hire.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation.

Depreciation is provided on all tangible assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic base over its expected useful life as follows:

Land and buildings - over life of lease
Plant and machinery etc - at variable rates on reducing balance

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

PESCOT LIMITED (REGISTERED NUMBER: 02783603)
TRADING AS PROCOM

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


2. ACCOUNTING POLICIES - continued

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 and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 February 2023 6,769 123,543 130,312
Additions - 41,110 41,110
Disposals - (14,618 ) (14,618 )
At 31 January 2024 6,769 150,035 156,804
DEPRECIATION
At 1 February 2023 6,769 82,938 89,707
Charge for year - 8,682 8,682
Eliminated on disposal - (12,810 ) (12,810 )
At 31 January 2024 6,769 78,810 85,579
NET BOOK VALUE
At 31 January 2024 - 71,225 71,225
At 31 January 2023 - 40,605 40,605

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 135,719 129,655
Other debtors 13,907 17,959
149,626 147,614

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 9,952 9,707
Hire purchase contracts (see note 8) 10,445 3,440
Trade creditors 32,980 35,727
Taxation and social security 4,722 13,486
Other creditors 24,263 31,461
82,362 93,821

PESCOT LIMITED (REGISTERED NUMBER: 02783603)
TRADING AS PROCOM

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 22,435 32,387
Hire purchase contracts (see note 8) 32,605 8,026
55,040 40,413

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 10,445 3,440
Between one and five years 32,605 8,026
43,050 11,466

Non-cancellable operating leases
2024 2023
£    £   
Within one year - 2,255

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
5,200 Ordinary 'A' £1 5,200 5,200
1,000 Ordinary 'B' £1 1,000 1,000
1,900 Ordinary 'C' £1 1,900 1,900
1,900 Ordinary 'D' £1 1,900 1,900
10,000 10,000

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the company advanced a loan to a director totalling £1,083 (2023: £Nil) and received repayments totalling £500 (2023: £Nil). The loan outstanding at the balance sheet date totalled £583 (2023: £Nil). The loan was repaid after the year end.