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REGISTERED NUMBER: 14918803 (England and Wales)















Unaudited Financial Statements

for the Period 6th June 2023 to 30th June 2024

for

PROMECH MACHINERY SERVICES LTD

PROMECH MACHINERY SERVICES LTD (REGISTERED NUMBER: 14918803)

Contents of the Financial Statements
for the Period 6th June 2023 to 30th June 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PROMECH MACHINERY SERVICES LTD

Company Information
for the Period 6th June 2023 to 30th June 2024







DIRECTORS: Mr T Johnson
Mr A Johnson





REGISTERED OFFICE: 21 St. Catherines Road
Evesham
United Kingdom
Worcestershire
WR11 2GE





REGISTERED NUMBER: 14918803 (England and Wales)





ACCOUNTANTS: Hayward Wright Ltd
4 Clews Road
Redditch
Worcestershire
B98 7ST

PROMECH MACHINERY SERVICES LTD (REGISTERED NUMBER: 14918803)

Balance Sheet
30th June 2024

Notes £    £   
FIXED ASSETS
Tangible assets 4 24,117

CURRENT ASSETS
Debtors 5 13,421
Cash at bank 3,304
16,725
CREDITORS
Amounts falling due within one year 6 21,777
NET CURRENT LIABILITIES (5,052 )
TOTAL ASSETS LESS CURRENT LIABILITIES 19,065

CREDITORS
Amounts falling due after more than one
year

7

(14,323

)

PROVISIONS FOR LIABILITIES 8 (4,582 )
NET ASSETS 160

CAPITAL AND RESERVES
Called up share capital 9 125
Retained earnings 35
SHAREHOLDERS' FUNDS 160

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

The members have not required the company to obtain an audit of its financial statements for the period ended 30th June 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.

PROMECH MACHINERY SERVICES LTD (REGISTERED NUMBER: 14918803)

Balance Sheet - continued
30th June 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 Income and Retained Earnings has not been delivered.

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





Mr A Johnson - Director


PROMECH MACHINERY SERVICES LTD (REGISTERED NUMBER: 14918803)

Notes to the Financial Statements
for the Period 6th June 2023 to 30th June 2024


1. STATUTORY INFORMATION

Promech Machinery Services Ltd 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
Computer equipment - Straight line over 3 years

Taxation
Taxation for the period 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.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

PROMECH MACHINERY SERVICES LTD (REGISTERED NUMBER: 14918803)

Notes to the Financial Statements - continued
for the Period 6th June 2023 to 30th June 2024


4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
Additions 31,583 645 32,228
At 30th June 2024 31,583 645 32,228
DEPRECIATION
Charge for period 7,896 215 8,111
At 30th June 2024 7,896 215 8,111
NET BOOK VALUE
At 30th June 2024 23,687 430 24,117

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 791
Directors' current accounts 12,630
13,421

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Hire purchase contracts 7,156
Tax 4,445
VAT 4,162
Other creditors 378
Directors' current accounts 4,808
Accrued expenses 828
21,777

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
£   
Hire purchase contracts 14,323

8. PROVISIONS FOR LIABILITIES
£   
Deferred tax
Accelerated capital allowances 4,582

PROMECH MACHINERY SERVICES LTD (REGISTERED NUMBER: 14918803)

Notes to the Financial Statements - continued
for the Period 6th June 2023 to 30th June 2024


8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Provided during period 4,582
Balance at 30th June 2024 4,582

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
75 Ordinary A £1 75
50 Ordinary B £1 50
125

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 30th June 2024:

£   
Mr A Johnson
Balance outstanding at start of period -
Amounts advanced 12,758
Amounts repaid (17,566 )
Amounts written off -
Amounts waived -
Balance outstanding at end of period (4,808 )

Mr T Johnson
Balance outstanding at start of period -
Amounts advanced 52,042
Amounts repaid (39,412 )
Amounts written off -
Amounts waived -
Balance outstanding at end of period 12,630