Push Procurement Limited 10294623 false 2023-05-01 2024-04-30 2024-04-30 The principal activity of the company is production of electricity Digita Accounts Production Advanced 6.30.9574.0 true false true 10294623 2023-05-01 2024-04-30 10294623 2024-04-30 10294623 core:CurrentFinancialInstruments 2024-04-30 10294623 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 10294623 bus:SmallEntities 2023-05-01 2024-04-30 10294623 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 10294623 bus:FilletedAccounts 2023-05-01 2024-04-30 10294623 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 10294623 bus:RegisteredOffice 2023-05-01 2024-04-30 10294623 bus:Director3 2023-05-01 2024-04-30 10294623 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 10294623 1 2023-05-01 2024-04-30 10294623 countries:England 2023-05-01 2024-04-30 10294623 2022-05-01 2023-04-30 10294623 2023-04-30 10294623 core:CurrentFinancialInstruments 2023-04-30 10294623 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 10294623 core:CurrentFinancialInstruments core:WithinOneYear core:PreviouslyStatedAmount 2023-04-30 10294623 core:PreviouslyStatedAmount 2023-04-30 iso4217:GBP xbrli:pure

Registration number: 10294623

Push Procurement Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 April 2024

 

Push Procurement Limited
(Registration number: 10294623)

Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Current assets

 

Stocks

4

1,503,360

1,825,351

Debtors

5

34,000

198,495

Cash at bank and in hand

 

463

528

 

1,537,823

2,024,374

Creditors: Amounts falling due within one year

6

(1,534,419)

(2,018,227)

Net assets

 

3,404

6,147

Capital and reserves

 

Called up share capital

100

100

Retained earnings

3,304

6,047

Shareholders' funds

 

3,404

6,147

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 30 January 2025 and signed on its behalf by:
 

.........................................
Mr A Khan
Director

   
     
 

Push Procurement Limited
(Registration number: 10294623)

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
1 & 2 Tollgate Business Park
Tollgate West, Stanway
Colchester
Essex
CO3 8AB

These financial statements were authorised for issue by the Board on 30 January 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Push Procurement Limited
(Registration number: 10294623)

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 3).

4

Stocks

2024
£

2023
£

Stock

1,503,360

1,825,351

 

Push Procurement Limited
(Registration number: 10294623)

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

5

Debtors

Current

2024
£

2023
£

Trade debtors

-

162,412

Prepayments

34,000

36,083

 

34,000

198,495

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

 

Trade creditors

 

19,934

12,550

Amounts owed to group undertakings and undertakings in which the company has a participating interest

1,280,500

1,657,000

Taxation and social security

 

11,144

73,682

Accruals and deferred income

 

222,841

274,995

 

1,534,419

2,018,227

7

Parent and ultimate parent undertaking

The company's immediate parent is Push Renewco Limited, incorporated in England.

 

The parent of the smallest group in which these financial statements are consolidated is Westwood Projects Holdings Limited, incorporated in England.

The address of Westwood Projects Holdings Limited is:
1 & 2 Tollgate Business Park, Tollgate West, Stanway, Colchester, Essex, CO3 8AB