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REGISTERED NUMBER: 07745375 (England and Wales)















Financial Statements

for the Year Ended 30 June 2024

for

PSCM Insulation & Fabrication
Limited

PSCM Insulation & Fabrication
Limited (Registered number: 07745375)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PSCM Insulation & Fabrication
Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: P H Stokes
C A O'Donnell





REGISTERED OFFICE: Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD





BUSINESS ADDRESS: ROC House
30 Inkerman Street
Birmingham
West Midlands
B7 4SB





REGISTERED NUMBER: 07745375 (England and Wales)





AUDITORS: Tomkinson Teal (Lichfield) LLP
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD

PSCM Insulation & Fabrication
Limited (Registered number: 07745375)

Balance Sheet
30 June 2024

2024 2023
(Unaudited)
Notes £    £   
FIXED ASSETS
Tangible assets 5 42,270 56,392

CURRENT ASSETS
Stocks 171,468 -
Debtors 6 680,419 623,286
Cash at bank 48,832 23,985
900,719 647,271
CREDITORS
Amounts falling due within one year 7 (510,591 ) (391,853 )
NET CURRENT ASSETS 390,128 255,418
TOTAL ASSETS LESS CURRENT
LIABILITIES

432,398

311,810

CAPITAL AND RESERVES
Called up share capital 8 4 4
Retained earnings 432,394 311,806
SHAREHOLDERS' FUNDS 432,398 311,810

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 28 January 2025 and were signed on its behalf by:





P H Stokes - Director


PSCM Insulation & Fabrication
Limited (Registered number: 07745375)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

PSCM Insulation & Fabrication 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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.
Plant and machinery - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Taxation
Taxation for the year 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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2023 - 11 ) .

PSCM Insulation & Fabrication
Limited (Registered number: 07745375)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 July 2023
and 30 June 2024 77,200 430 77,630
DEPRECIATION
At 1 July 2023 20,842 396 21,238
Charge for year 14,088 34 14,122
At 30 June 2024 34,930 430 35,360
NET BOOK VALUE
At 30 June 2024 42,270 - 42,270
At 30 June 2023 56,358 34 56,392

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
(Unaudited)
£    £   
Trade debtors 236,195 501,020
Amounts owed by group undertakings 444,224 122,266
680,419 623,286

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
(Unaudited)
£    £   
Trade creditors 319,219 313,123
Amounts owed to group undertakings 1,975 1,975
Taxation and social security 102,095 53,673
Other creditors 87,302 23,082
510,591 391,853

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
4 Ordinary £1 4 4

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Susanna D Ault FCCA ACA (Senior Statutory Auditor)
for and on behalf of Tomkinson Teal (Lichfield) LLP

PSCM Insulation & Fabrication
Limited (Registered number: 07745375)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is SWIP Ltd.

Registered office: Hanover Court, 5 Queen Street, Lichfield, Staffordshire, England, WS13 6QD