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REGISTERED NUMBER: 01994994 (England and Wales)





















P.C.M. FLUID POWER LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024






P.C.M. FLUID POWER LIMITED (REGISTERED NUMBER: 01994994)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 8


P.C.M. FLUID POWER LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: Mrs A E Phelan
J D Plant





SECRETARY: Mrs J M Plant





REGISTERED OFFICE: Wharf Works
Three Bridges Road
Long Buckby Wharf
Northamptonshire
NN6 7PP





REGISTERED NUMBER: 01994994 (England and Wales)





ACCOUNTANTS: Phipps Henson McAllister
Chartered Accountants
22-24 Harborough Road
Kingsthorpe
Northampton
NN2 7AZ

P.C.M. FLUID POWER LIMITED (REGISTERED NUMBER: 01994994)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 641,217 666,691
Investments 5 - 25
Investment property 6 564,000 564,000
1,205,217 1,230,716

CURRENT ASSETS
Stocks 301,031 378,000
Debtors 7 116,505 289,118
Cash at bank and in hand 401,489 277,250
819,025 944,368
CREDITORS
Amounts falling due within one year 8 97,709 94,491
NET CURRENT ASSETS 721,316 849,877
TOTAL ASSETS LESS CURRENT LIABILITIES 1,926,533 2,080,593

PROVISIONS FOR LIABILITIES 8,776 31,795
NET ASSETS 1,917,757 2,048,798

CAPITAL AND RESERVES
Called up share capital 9 84 84
Capital redemption reserve 16 16
Fair value reserve 10 46,187 46,187
Retained earnings 1,871,470 2,002,511
SHAREHOLDERS' FUNDS 1,917,757 2,048,798

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

P.C.M. FLUID POWER LIMITED (REGISTERED NUMBER: 01994994)

BALANCE SHEET - continued
31 AUGUST 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 January 2025 and were signed on its behalf by:





Mrs A E Phelan - Director


P.C.M. FLUID POWER LIMITED (REGISTERED NUMBER: 01994994)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024


1. STATUTORY INFORMATION

P.C.M. Fluid Power 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2.5% on cost and not provided
Plant and machinery - 12.5% on cost
Fixtures and fittings - 12.5% on cost
Motor vehicles - 20% on reducing balance
Computer equipment - 20% on cost

Investments in associates
Investments in associate undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.


P.C.M. FLUID POWER LIMITED (REGISTERED NUMBER: 01994994)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


2. ACCOUNTING POLICIES - continued
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.

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.

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.

Debtors and creditors
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 5 ) .

P.C.M. FLUID POWER LIMITED (REGISTERED NUMBER: 01994994)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 September 2023 586,612 187,961 60,953
Additions - 4,500 -
Disposals - (499 ) (302 )
At 31 August 2024 586,612 191,962 60,651
DEPRECIATION
At 1 September 2023 27,066 98,292 54,582
Charge for year 9,226 16,341 2,124
Eliminated on disposal - (499 ) (303 )
At 31 August 2024 36,292 114,134 56,403
NET BOOK VALUE
At 31 August 2024 550,320 77,828 4,248
At 31 August 2023 559,546 89,669 6,371

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 September 2023 76,766 8,342 920,634
Additions - - 4,500
Disposals - - (801 )
At 31 August 2024 76,766 8,342 924,333
DEPRECIATION
At 1 September 2023 65,741 8,262 253,943
Charge for year 2,205 79 29,975
Eliminated on disposal - - (802 )
At 31 August 2024 67,946 8,341 283,116
NET BOOK VALUE
At 31 August 2024 8,820 1 641,217
At 31 August 2023 11,025 80 666,691

P.C.M. FLUID POWER LIMITED (REGISTERED NUMBER: 01994994)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


5. FIXED ASSET INVESTMENTS
Interest
in
associate
£   
COST
At 1 September 2023 25
Disposals (25 )
At 31 August 2024 -
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 25

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023
and 31 August 2024 564,000
NET BOOK VALUE
At 31 August 2024 564,000
At 31 August 2023 564,000

Fair value at 31 August 2024 is represented by:
£   
Valuation in 2021 57,021
Cost 506,979
564,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 111,964 99,682
Other debtors 4,541 189,436
116,505 289,118

P.C.M. FLUID POWER LIMITED (REGISTERED NUMBER: 01994994)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 37,733 49,090
Taxation and social security 56,343 41,179
Other creditors 3,633 4,222
97,709 94,491

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
8,400 Ordinary 1p 84 84

10. RESERVES
Fair
value
reserve
£   
At 1 September 2023
and 31 August 2024 46,187