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REGISTERED NUMBER: 02924101 (England and Wales)



















M. PRITCHARD COMMERCIAL ENGINEERING
LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024






M. PRITCHARD COMMERCIAL ENGINEERING
LIMITED (REGISTERED NUMBER: 02924101)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


M. PRITCHARD COMMERCIAL ENGINEERING
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: Mr Michael Paul Pritchard
Mrs Patricia Wendy Pritchard
Mr Matthew Paul Pritchard





SECRETARY: Mrs Patricia Wendy Pritchard





REGISTERED OFFICE: F Block
Sovereign Business Park
Hawkins Lane
BURTON ON TRENT
Staffordshire
DE14 1PD





REGISTERED NUMBER: 02924101 (England and Wales)





ACCOUNTANTS: Johnson Tidsall Limited
Chartered Accountants
81 Burton Road
Derby
Derbyshire
DE1 1TJ

M. PRITCHARD COMMERCIAL ENGINEERING
LIMITED (REGISTERED NUMBER: 02924101)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 242 414
Tangible assets 5 215,528 230,528
215,770 230,942

CURRENT ASSETS
Stocks 6 6,331 5,661
Debtors 7 703,578 702,190
Cash at bank 295,294 190,946
1,005,203 898,797
CREDITORS
Amounts falling due within one year 8 505,199 458,653
NET CURRENT ASSETS 500,004 440,144
TOTAL ASSETS LESS CURRENT
LIABILITIES

715,774

671,086

CREDITORS
Amounts falling due after more than one
year

9

(45,521

)

(56,763

)

PROVISIONS FOR LIABILITIES (38,810 ) (57,240 )
NET ASSETS 631,443 557,083

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 631,343 556,983
SHAREHOLDERS' FUNDS 631,443 557,083

M. PRITCHARD COMMERCIAL ENGINEERING
LIMITED (REGISTERED NUMBER: 02924101)

BALANCE SHEET - continued
30 APRIL 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 January 2025 and were signed on its behalf by:





Mr Michael Paul Pritchard - Director


M. PRITCHARD COMMERCIAL ENGINEERING
LIMITED (REGISTERED NUMBER: 02924101)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

M. Pritchard Commercial Engineering 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.

Turnover
Turnover is derived from vehicle repairs and services measured at the fair value of the consideration received or receivable, excluding discount, rebates, and other sales taxes.

Intangible fixed assets - number plates
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measure at cost less any accumulated amortisation any accumulated impairment losses.

Amortisation is calculated so as to write off the cost, less its estimated residual value, over the useful economic life of 5 years.

Intangible fixed assets - software
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measure at cost less any accumulated amortisation any accumulated impairment losses.

Amortisation is calculated so as to write off the cost, less its estimated residual value, over the useful economic life of 3 years.

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 - 33% on cost and 15% on cost
Motor vehicles - 25% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

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 Statement of Income and Retained Earnings, 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.


M. PRITCHARD COMMERCIAL ENGINEERING
LIMITED (REGISTERED NUMBER: 02924101)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 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.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Patents
and Computer
licences software Totals
£    £    £   
COST
At 1 May 2023
and 30 April 2024 2,308 1,500 3,808
AMORTISATION
At 1 May 2023 1,894 1,500 3,394
Amortisation for year 172 - 172
At 30 April 2024 2,066 1,500 3,566
NET BOOK VALUE
At 30 April 2024 242 - 242
At 30 April 2023 414 - 414

M. PRITCHARD COMMERCIAL ENGINEERING
LIMITED (REGISTERED NUMBER: 02924101)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 May 2023 138,997 409,022 548,019
Additions 4,497 84,360 88,857
Disposals - (56,995 ) (56,995 )
At 30 April 2024 143,494 436,387 579,881
DEPRECIATION
At 1 May 2023 114,363 203,128 317,491
Charge for year 8,991 56,276 65,267
Eliminated on disposal - (18,405 ) (18,405 )
At 30 April 2024 123,354 240,999 364,353
NET BOOK VALUE
At 30 April 2024 20,140 195,388 215,528
At 30 April 2023 24,634 205,894 230,528

6. STOCKS
2024 2023
£    £   
Stocks 6,331 5,661

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 134,880 128,641
Amounts owed by group undertakings 554,437 554,437
Corporation tax - 6,671
Prepayments and accrued income 14,261 12,441
703,578 702,190

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 13,742 8,742
Trade creditors 41,501 40,529
Corporation tax 47,367 29,132
Social security and other taxes 3,732 3,334
VAT 31,747 27,992
Other creditors 107,812 87,467
Directors' current accounts 234,165 238,655
Accruals and deferred income 15,133 12,802
505,199 458,653

M. PRITCHARD COMMERCIAL ENGINEERING
LIMITED (REGISTERED NUMBER: 02924101)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 2-5 years 16,667 26,667
Hire purchase contracts 28,854 30,096
45,521 56,763

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 42,596 38,838

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

12. OTHER FINANCIAL COMMITMENTS

The company had total guarantees, commitments and contingencies at the balance sheet date of £1,353 (2023 - £2,541).

13. RELATED PARTY DISCLOSURES

2024 2023
£ £
Amount due to the directors 234,165 238,655
The amounts are interest free and have no formal repayment terms.

2024 2023
£ £
Amount owed by group undertakings 554,437 554,437
The amounts are interest free and have no formal repayment terms.