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COMPANY REGISTRATION NUMBER: 06533226
Principle Engineering Limited
Filleted Unaudited Financial Statements
31 March 2024
Principle Engineering Limited
Statement of Financial Position
31 March 2024
2024
2023
£
£
£
Fixed assets
4,080
14,260
-------
--------
Current assets
153,960
140,025
Prepayments and accrued income
18,249
302
---------
---------
172,209
140,327
Creditors: amounts falling due within one year
106,413
99,166
---------
---------
Net current assets
65,796
41,161
--------
--------
Total assets less current liabilities
69,876
55,421
Accruals and deferred income
1,163
1,113
--------
--------
68,713
54,308
--------
--------
Capital and reserves
68,713
54,308
--------
--------
Notes to the financial statements
1. Employee numbers
The average number of persons employed by the company during the year amounted to 4 (2023: 4 ).
2. Directors' advances, credits and guarantees
The company operated director's loan accounts in the year, the total opening and closing balances on which were as follows: Opening: £56,838 Net movement £11,828 Closing: £68,666 The loans are interest free and repayable on demand.
For the year ending 31 March 2024 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 year 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 have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the board of directors and authorised for issue on 24 October 2024 , and are signed on behalf of the board by:
Mr D A Pillar
Director
Company registration number: 06533226
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Tan Llan Farm, Ffordd Llanfynydd, Treuddyn, Mold, CH7 4LQ.