Company Registration No. 05903085 (England and Wales)
Paul Shelley Plant Services Ltd
Unaudited accounts
for the year ended 31 March 2024
Paul Shelley Plant Services Ltd
Unaudited accounts
Contents
Paul Shelley Plant Services Ltd
Company Information
for the year ended 31 March 2024
Secretary
Mrs Sylvia Shelley
Company Number
05903085 (England and Wales)
Registered Office
17 Pine Vew Close
Woodfalls
Salisbury
Wiltshire
SP5 2LR
Accountants
Forest Edge Accountancy
2 Appletree Close
Redlynch
Salisbury
Wiltshire
SP5 2JG
Paul Shelley Plant Services Ltd
Statement of financial position
as at 31 March 2024
Tangible assets
264,692
335,638
Cash at bank and in hand
2,035
-
Creditors: amounts falling due within one year
(209,444)
(100,836)
Net current liabilities
(161,623)
(27,440)
Total assets less current liabilities
103,069
308,198
Creditors: amounts falling due after more than one year
(120,570)
(216,761)
Net (liabilities)/assets
(17,501)
91,437
Called up share capital
100
100
Profit and loss account
(17,601)
91,337
Shareholders' funds
(17,501)
91,437
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 and authorised for issue on 4 December 2024 and were signed on its behalf by
Mr Paul Shelley
Director
Company Registration No. 05903085
Paul Shelley Plant Services Ltd
Notes to the Accounts
for the year ended 31 March 2024
Paul Shelley Plant Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 05903085. The registered office is 17 Pine Vew Close, Woodfalls, Salisbury, Wiltshire, SP5 2LR.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Plant & machinery
15% Reducing Balance
Motor vehicles
25% Reducing Balance
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 April 2023
569,315
34,701
604,016
Additions
30,000
10,250
40,250
Disposals
(78,500)
-
(78,500)
At 31 March 2024
520,815
44,951
565,766
At 1 April 2023
247,493
20,885
268,378
Charge for the year
43,525
6,017
49,542
On disposals
(16,846)
-
(16,846)
At 31 March 2024
274,172
26,902
301,074
At 31 March 2024
246,643
18,049
264,692
At 31 March 2023
321,822
13,816
335,638
Paul Shelley Plant Services Ltd
Notes to the Accounts
for the year ended 31 March 2024
Amounts falling due within one year
Trade debtors
45,786
73,396
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
61,130
62,112
Obligations under finance leases and hire purchase contracts
95,036
88,137
Taxes and social security
22,868
(12,601)
Other creditors
30,410
(36,812)
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
107,351
193,401
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Average number of employees
During the year the average number of employees was 4 (2023: 3).