2023-06-01 04809603 2024-05-31 04809603 2023-06-01 2024-05-31 04809603 2023-05-31 04809603 2022-06-01 2023-05-31 04809603 uk-core:WithinOneYear 2023-05-31 04809603 uk-core:WithinOneYear 2024-05-31 04809603 uk-core:AfterOneYear 2023-05-31 04809603 uk-core:AfterOneYear 2024-05-31 04809603 uk-core:ShareCapital 2024-05-31 04809603 uk-core:ShareCapital 2023-05-31 04809603 uk-core:RetainedEarningsAccumulatedLosses 2024-05-31 04809603 uk-core:RetainedEarningsAccumulatedLosses 2023-05-31 04809603 uk-bus:Director1 2023-06-01 2024-05-31 04809603 uk-core:PlantMachinery 2023-06-01 2024-05-31 04809603 uk-core:ComputerEquipment 2023-06-01 2024-05-31 04809603 uk-core:MotorVehicles 2023-06-01 2024-05-31 04809603 uk-core:FurnitureFittings 2023-06-01 2024-05-31 04809603 uk-core:ComputerEquipment 2023-05-31 04809603 uk-core:FurnitureFittings 2023-05-31 04809603 uk-core:MotorVehicles 2023-05-31 04809603 uk-core:PlantMachinery 2023-05-31 04809603 uk-core:MotorVehicles 2024-05-31 04809603 uk-core:FurnitureFittings 2024-05-31 04809603 uk-core:ComputerEquipment 2024-05-31 04809603 uk-core:PlantMachinery 2024-05-31 04809603 uk-core:AfterOneYear uk-core:Secured 2024-05-31 04809603 uk-core:AfterOneYear uk-core:Secured 2023-05-31 iso4217:GBP xbrli:pure 04809603 uk-bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 04809603 uk-bus:FRS102 2023-06-01 2024-05-31 04809603 uk-bus:FullAccounts 2023-06-01 2024-05-31 04809603 uk-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31
Sheffield Pneumatic Services Limited
Registered Number:04809603
For the year ended 31 May 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 May 2024
Sheffield Pneumatic Services Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
04809603
As at 31 May 2024
Sheffield Pneumatic Services Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
49,483
55,583
2
49,483
55,583
Current assets
Inventories
1,250
1,000
3
Trade and other receivables
60,221
60,548
4
44,130
Cash and cash equivalents
92,453
154,001
105,601
Trade and other payables: amounts falling due within one
year
(69,555)
(98,947)
5
36,046
55,054
Net current assets
Total assets less current liabilities
104,537
91,629
Trade and other payables: amounts falling due after more
than one year
(49,076)
(35,001)
6
(9,400)
(10,558)
Provisions for liabilities
60,136
Net assets
31,995
Capital and reserves
Called up share capital
2
2
Retained earnings
60,134
31,993
60,136
31,995
Shareholders' funds
For the year ended 31 May 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 31 May 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.
Mr Paul Matthew Gooseman Director
These financial statements were approved and authorised for issue by the Board on 13 November 2024 and were signed by:
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4
Registered Number :
04809603
For the year ended 31 May 2024
Sheffield Pneumatic Services Limited
Statement of Financial Position Continued
The notes form part of these financial statements
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5
For the year ended 31 May 2024
Sheffield Pneumatic Services Limited
Notes to the Financial Statements
Statutory Information
Sheffield Pneumatic Services Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 04809603.
Registered address:
160 Broad Oaks
Sheffield
S9 3HJ
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 and any provision for impairment. 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
15% Reducing balance
Computer equipment
20% Reducing balance
Motor vehicles
15% Reducing balance
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
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6
For the year ended 31 May 2024
Sheffield Pneumatic Services Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
Motor vehicles
Plant and
machinery
£
£
£
£
£
Cost or
valuation
At 01 June 2023
117,759
7,462
9,159
69,684
31,454
4,613
4,613
-
-
-
Additions
At 31 May 2024
69,684
9,159
12,075
122,372
31,454
Provision for depreciation and impairment
At 01 June 2023
62,176
4,867
7,132
25,765
24,412
Charge for year
10,713
568
306
8,782
1,057
At 31 May 2024
72,889
5,435
7,438
34,547
25,469
At 31 May 2024
Net book value
5,985
35,137
1,721
6,640
49,483
At 31 May 2023
7,042
43,919
2,027
2,595
55,583
3. Inventories
2023
2024
£
£
Stocks
1,000
1,250
4. Trade and other receivables
2023
2024
£
£
Trade debtors
60,548
55,795
Other debtors
-
4,426
60,221
60,548
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Trade creditors
52,028
47,133
Taxation and social security
36,785
12,323
Other creditors
10,134
10,099
98,947
69,555
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7
For the year ended 31 May 2024
Sheffield Pneumatic Services Limited
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
11,201
15,877
Other creditors
23,800
33,199
35,001
49,076
7. Average number of persons employed
During the year the average number of employees was 3 (2023 : 5)
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