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Company Registration No. 13511584 (England and Wales)
P2 ENGINEERING LTD Unaudited accounts for the year ended 31 July 2024
P2 ENGINEERING LTD Unaudited accounts Contents
Page
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P2 ENGINEERING LTD Company Information for the year ended 31 July 2024
Directors
James Pickering Aston Piper
Company Number
13511584 (England and Wales)
Registered Office
99 EASTWOOD ROAD RAYLEIGH SS6 7LA ENGLAND
Accountants
Nicola Edkins ACA 25 Salisbury Avenue Gillingham Kent ME8 0BH
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P2 ENGINEERING LTD Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
15,000 
15,000 
Tangible assets
9,444 
12,592 
24,444 
27,592 
Current assets
Debtors
218,936 
13,198 
Cash at bank and in hand
97,642 
58,075 
316,578 
71,273 
Creditors: amounts falling due within one year
(138,973)
(18,029)
Net current assets
177,605 
53,244 
Net assets
202,049 
80,836 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
202,047 
80,834 
Shareholders' funds
202,049 
80,836 
For the year ending 31 July 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 26 September 2024 and were signed on its behalf by
James Pickering Director Company Registration No. 13511584
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P2 ENGINEERING LTD Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
P2 ENGINEERING LTD is a private company, limited by shares, registered in England and Wales, registration number 13511584. The registered office is 99 EASTWOOD ROAD, RAYLEIGH, SS6 7LA, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
Straight line over 5 years
Computer equipment
Straight line over 5 years
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P2 ENGINEERING LTD Notes to the Accounts for the year ended 31 July 2024
4
Intangible fixed assets
Other 
£ 
Cost
At 1 August 2023
15,000 
At 31 July 2024
15,000 
Amortisation
At 1 August 2023
- 
At 31 July 2024
- 
Net book value
At 31 July 2024
15,000 
At 31 July 2023
15,000 
5
Tangible fixed assets
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 August 2023
14,225 
1,515 
15,740 
At 31 July 2024
14,225 
1,515 
15,740 
Depreciation
At 1 August 2023
2,845 
303 
3,148 
Charge for the year
2,845 
303 
3,148 
At 31 July 2024
5,690 
606 
6,296 
Net book value
At 31 July 2024
8,535 
909 
9,444 
At 31 July 2023
11,380 
1,212 
12,592 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
58 
Trade debtors
218,936 
13,140 
218,936 
13,198 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
32,413 
- 
Trade creditors
10,406 
10,712 
Taxes and social security
41,880 
6,693 
Loans from directors
4,393 
624 
Deferred income
49,881 
- 
138,973 
18,029 
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P2 ENGINEERING LTD Notes to the Accounts for the year ended 31 July 2024
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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