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REGISTERED NUMBER: 04415376 (England and Wales)














Unaudited Financial Statements

for the Period 30 October 2022 to 27 October 2023

for

Podmores (Engineers) Limited

Podmores (Engineers) Limited (Registered number: 04415376)






Contents of the Financial Statements
for the Period 30 October 2022 to 27 October 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


Podmores (Engineers) Limited (Registered number: 04415376)

Balance Sheet
27 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 74,452 79,050
Investments 6 10,091 10,091
84,543 89,141

CURRENT ASSETS
Stocks 388,694 363,756
Debtors 7 407,847 348,760
Cash at bank and in hand 121,381 87,015
917,922 799,531
CREDITORS
Amounts falling due within one year 8 638,943 440,576
NET CURRENT ASSETS 278,979 358,955
TOTAL ASSETS LESS CURRENT LIABILITIES 363,522 448,096

CREDITORS
Amounts falling due after more than one year 9 (260,833 ) (310,833 )

PROVISIONS FOR LIABILITIES (15,399 ) (7,580 )
NET ASSETS 87,290 129,683

CAPITAL AND RESERVES
Called up share capital 50,000 50,000
Non distributable reserves 11 36,737 36,737
Retained earnings 553 42,946
SHAREHOLDERS' FUNDS 87,290 129,683

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 27 October 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 27 October 2023 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.

Podmores (Engineers) Limited (Registered number: 04415376)

Balance Sheet - continued
27 October 2023


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 September 2024 and were signed on its behalf by:





Mrs A A Gough - Director


Podmores (Engineers) Limited (Registered number: 04415376)

Notes to the Financial Statements
for the Period 30 October 2022 to 27 October 2023

1. STATUTORY INFORMATION

Podmores (Engineers) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 04415376

Registered office: Unit H, Great Fenton Business Park
Grove Road
Fenton
Stoke on Trent
Staffordshire
ST4 4LZ

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.

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

Revenue is recognised as the company becomes entitled to consideration for the goods and services supplied.

Goodwill
Goodwill has now been fully amortised.

Patents & licences
Patents and Licences have now been fully amortised.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


Podmores (Engineers) Limited (Registered number: 04415376)

Notes to the Financial Statements - continued
for the Period 30 October 2022 to 27 October 2023

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 period 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 21 (2022 - 25 ) .

4. INTANGIBLE FIXED ASSETS
Patents
and
Goodwill licences Totals
£    £    £   
COST
At 30 October 2022
and 27 October 2023 50,000 17,635 67,635
AMORTISATION
At 30 October 2022
and 27 October 2023 50,000 17,635 67,635
NET BOOK VALUE
At 27 October 2023 - - -
At 29 October 2022 - - -

Podmores (Engineers) Limited (Registered number: 04415376)

Notes to the Financial Statements - continued
for the Period 30 October 2022 to 27 October 2023

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 30 October 2022 110,769 21,850 27,498 30,545 190,662
Additions 6,711 - - 7,130 13,841
Disposals - - - (2,910 ) (2,910 )
At 27 October 2023 117,480 21,850 27,498 34,765 201,593
DEPRECIATION
At 30 October 2022 60,011 18,309 9,452 23,840 111,612
Charge for period 8,620 708 4,512 4,549 18,389
Eliminated on disposal - - - (2,860 ) (2,860 )
At 27 October 2023 68,631 19,017 13,964 25,529 127,141
NET BOOK VALUE
At 27 October 2023 48,849 2,833 13,534 9,236 74,452
At 29 October 2022 50,758 3,541 18,046 6,705 79,050

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 30 October 2022
and 27 October 2023 10,091
NET BOOK VALUE
At 27 October 2023 10,091
At 29 October 2022 10,091

7. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 88,997 41,576
Other debtors 267,718 258,099
356,715 299,675

Amounts falling due after more than one year:
Amounts owed by group undertakings 51,132 49,085

Aggregate amounts 407,847 348,760

Podmores (Engineers) Limited (Registered number: 04415376)

Notes to the Financial Statements - continued
for the Period 30 October 2022 to 27 October 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 50,000 50,000
Trade creditors 166,562 135,182
Taxation and social security 98,610 78,213
Other creditors 323,771 177,181
638,943 440,576

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 120,833 170,833
Other creditors 140,000 140,000
260,833 310,833

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 170,833 -

Hire purchase creditor is secured against the assets in which it relates to.

Bank loans are secured via fixed and floating charge over all assets in the company.

11. RESERVES
Non
distributable
reserves
£   
At 30 October 2022
and 27 October 2023 36,737

12. FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included within the balance sheet amount to £27,800 (2022 15,752). This financial commitment represents the total amount of payments remaining on leases ending between 2023-2026.