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REGISTERED NUMBER: 06512267 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

PWX (Hull) Limited

PWX (Hull) Limited (Registered number: 06512267)

Contents of the Financial Statements
for the year ended 29 February 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PWX (Hull) Limited

Company Information
for the year ended 29 February 2024







DIRECTOR: M A Norrison





SECRETARY: Mrs J C Norrison





REGISTERED OFFICE: Unit 9 English Street Trading Estate
English Street
Hull
East Yorkshire
HU3 2BE





REGISTERED NUMBER: 06512267 (England and Wales)





ACCOUNTANTS: Marshall & Co
Chartered Accountants
& Chartered Tax Advisers
The Bloc
Springfield Way
Anlaby
Kingston upon Hull
East Yorkshire
HU10 6RJ

PWX (Hull) Limited (Registered number: 06512267)

Balance Sheet
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 5,600 7,000
Tangible assets 5 107,763 89,251
113,363 96,251

CURRENT ASSETS
Stocks 9,800 9,800
Debtors 6 34,118 55,939
Cash at bank and in hand 163,504 130,799
207,422 196,538
CREDITORS
Amounts falling due within one year 7 113,611 127,315
NET CURRENT ASSETS 93,811 69,223
TOTAL ASSETS LESS CURRENT
LIABILITIES

207,174

165,474

CREDITORS
Amounts falling due after more than one year 8 (47,144 ) (47,739 )

PROVISIONS FOR LIABILITIES (8,755 ) (8,932 )
NET ASSETS 151,275 108,803

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 151,274 108,802
SHAREHOLDERS' FUNDS 151,275 108,803

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

PWX (Hull) Limited (Registered number: 06512267)

Balance Sheet - continued
29 February 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 director and authorised for issue on 29 November 2024 and were signed by:





M A Norrison - Director


PWX (Hull) Limited (Registered number: 06512267)

Notes to the Financial Statements
for the year ended 29 February 2024


1. STATUTORY INFORMATION

PWX (Hull) 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost, 25% on reducing balance and 15% 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.

PWX (Hull) Limited (Registered number: 06512267)

Notes to the Financial Statements - continued
for the year ended 29 February 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 11 (2023 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2023
and 29 February 2024 28,000
AMORTISATION
At 1 March 2023 21,000
Charge for year 1,400
At 29 February 2024 22,400
NET BOOK VALUE
At 29 February 2024 5,600
At 28 February 2023 7,000

PWX (Hull) Limited (Registered number: 06512267)

Notes to the Financial Statements - continued
for the year ended 29 February 2024


5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 March 2023 102,324 2,494 115,566 8,085 228,469
Additions 4,370 - 51,740 279 56,389
Disposals - - (33,560 ) - (33,560 )
At 29 February 2024 106,694 2,494 133,746 8,364 251,298
DEPRECIATION
At 1 March 2023 55,720 2,235 75,385 5,878 139,218
Charge for year 8,605 235 20,130 1,155 30,125
Eliminated on disposal - - (25,808 ) - (25,808 )
At 29 February 2024 64,325 2,470 69,707 7,033 143,535
NET BOOK VALUE
At 29 February 2024 42,369 24 64,039 1,331 107,763
At 28 February 2023 46,604 259 40,181 2,207 89,251

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 March 2023 81,711
Additions 40,990
Transfer to ownership (39,120 )
At 29 February 2024 83,581
DEPRECIATION
At 1 March 2023 45,087
Charge for year 16,055
Transfer to ownership (25,727 )
At 29 February 2024 35,415
NET BOOK VALUE
At 29 February 2024 48,166
At 28 February 2023 36,624

PWX (Hull) Limited (Registered number: 06512267)

Notes to the Financial Statements - continued
for the year ended 29 February 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 22,132 32,025
Other debtors 11,986 23,914
34,118 55,939

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 8,374 8,083
Trade creditors 30,673 62,932
Taxation and social security 49,860 18,737
Other creditors 14,704 27,563
113,611 127,315

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 13,333 23,333
Hire purchase contracts 33,811 24,406
47,144 47,739

9. ULTIMATE CONTROLLING PARTY

The controlling party is M A Norrison.