2023-07-01 09455141 2024-06-30 09455141 2023-07-01 2024-06-30 09455141 2023-06-30 09455141 2022-07-01 2023-06-30 09455141 uk-core:WithinOneYear 2023-06-30 09455141 uk-core:WithinOneYear 2024-06-30 09455141 uk-core:AfterOneYear 2023-06-30 09455141 uk-core:AfterOneYear 2024-06-30 09455141 uk-core:ShareCapital 2024-06-30 09455141 uk-core:ShareCapital 2023-06-30 09455141 uk-core:RetainedEarningsAccumulatedLosses 2024-06-30 09455141 uk-core:RetainedEarningsAccumulatedLosses 2023-06-30 09455141 uk-bus:Director1 2023-07-01 2024-06-30 09455141 uk-bus:Director2 2023-07-01 2024-06-30 09455141 uk-core:PlantMachinery 2023-07-01 2024-06-30 09455141 uk-core:CommercialMotorVehicles 2023-07-01 2024-06-30 09455141 uk-core:CommercialMotorVehicles 2023-06-30 09455141 uk-core:PlantMachinery 2023-06-30 09455141 uk-core:PlantMachinery 2024-06-30 09455141 uk-core:CommercialMotorVehicles 2024-06-30 iso4217:GBP xbrli:pure 09455141 uk-bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 09455141 uk-bus:FRS102 2023-07-01 2024-06-30 09455141 uk-bus:FilletedAccounts 2023-07-01 2024-06-30 09455141 uk-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30
POBS PRECISION TOOLS LTD
Registered Number:09455141
For the year ended 30 June 2024
England and Wales
Unaudited Financial Statements
2
Registered Number :
09455141
As at 30 June 2024
POBS PRECISION TOOLS LTD
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
55,364
64,971
2
55,364
64,971
Current assets
Trade and other receivables
41,909
61,236
3
62,193
Cash and cash equivalents
49,751
110,987
104,102
Trade and other payables: amounts falling due within one
year
(82,546)
(68,677)
4
21,556
42,310
Net current assets
Total assets less current liabilities
97,674
86,527
Trade and other payables: amounts falling due after more
than one year
(19,593)
(7,979)
5
(12,069)
(12,345)
Provisions for liabilities
77,626
Net assets
54,589
Capital and reserves
Called up share capital
2
2
Retained earnings
77,624
54,587
77,626
54,589
Shareholders' funds
For the year ended 30 June 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Paul Dison Lane Director
Steven Michael Lane Director
These financial statements were approved and authorised for issue by the Board on 24 October 2024 and were signed by:
1 of 5
3
Registered Number :
09455141
For the year ended 30 June 2024
POBS PRECISION TOOLS LTD
Statement of Financial Position Continued
The notes form part of these financial statements
2 of 5
4
For the year ended 30 June 2024
POBS PRECISION TOOLS LTD
Notes to the Financial Statements
Statutory Information
POBS PRECISION TOOLS LTD is a private limited company, limited by shares, domiciled in England and Wales,
registration number 09455141.
Registered address:
44 Bickford Road
Aston
Birmingham
B6 7EE
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation . Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
15% Reducing balance
25% Reducing balance
Motor vehicles
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
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. Assets held under finance leases and hire purchase agreements are capitalised in the balance sheet and depreciated in accordance with the company's normal accounting policies. The interest is charged to the profit and loss account over the period of the agreement and represents a constant charge of the balance of capital repayments outstanding.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
3 of 5
5
For the year ended 30 June 2024
POBS PRECISION TOOLS LTD
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Motor
vehicles
Plant and
machinery
£
£
£
Cost or
valuation
At 01 July 2023
123,768
17,100
106,668
522
-
522
Additions
At 30 June 2024
107,190
17,100
124,290
Provision for depreciation and impairment
At 01 July 2023
58,797
14,057
44,740
Charge for year
10,129
761
9,368
At 30 June 2024
68,926
14,818
54,108
At 30 June 2024
Net book value
53,082
2,282
55,364
At 30 June 2023
61,928
3,043
64,971
3. Trade and other receivables
2023
2024
£
£
Trade debtors
61,236
41,909
4. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Trade creditors
20,258
5,638
Taxation and social security
31,290
31,737
Accruals and deferred income
1,070
1,070
Directors' loan accounts
2,747
789
Obligations under HP/Financial leases
13,312
13,312
Other creditors
-
30,000
68,677
82,546
5. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
19,593
7,979
Obligations under HP/Financial leases
4 of 5
6
For the year ended 30 June 2024
POBS PRECISION TOOLS LTD
Notes to the Financial Statements Continued
6. Related party transactions
The ultimate controlling parties during the year were Steven Lane and Paul Lane , directors , whom control the
company by virtue of each owning 50% of the share capital.
7. Average number of persons employed
During the year the average number of employees was 2 (2023 : 2)
5 of 5