PERCIVAL ENGINEERING LIMITED |
Registered Number:04324728 |
For the year ended 31 December 2024
England and Wales
Unaudited Financial Statements
PERCIVAL ENGINEERING LIMITED
Statement of Financial Position
2023
2024
1,000
1,000
2
Property, plant and equipment |
123,204
124,660
3
124,204
125,660
3,000
3,200
4
Trade and other receivables |
11,942
2,020
5
4,526
Cash and cash equivalents |
13,016
18,236
19,468
Trade and other payables: amounts falling due within one |
year |
(89,413)
(71,418)
6
(69,945)
(53,182)
Net current liabilities
Total assets less current liabilities |
71,022
55,715
Trade and other payables: amounts falling due after more |
than one year |
(31,120)
(49,873)
7
21,149
Net assets
24,595
1
1
21,148
24,594
21,149
24,595
Shareholders' funds
For the year ended 31 December 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
RICHARD J PERCIVAL Director |
These financial statements were approved and authorised for issue by the Board on 20 February 2025 and were signed by: |
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For the year ended 31 December 2024
PERCIVAL ENGINEERING LIMITED
Statement of Financial Position Continued
The notes form part of these financial statements |
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For the year ended 31 December 2024
PERCIVAL ENGINEERING LIMITED
Notes to the Financial Statements
Statutory Information
PERCIVAL ENGINEERING LIMITED is a private limited company, limited by shares, domiciled in England and Wales, |
registration number 04324728. |
SPRING VALLEY
ARDLEIGH
COLCHESTER
ESSEX
CO7 7SB
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of 20 years. |
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and machinery
Motor vehicles
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Debtors include amounts recoverable on long term contracts which are stated at the net sales value of the work done after provision for contingencies and any anticipated future losses on contracts, less amounts received as progress payments on account. Any excess progress payments are included in creditors as payments on account. |
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the profit and loss account. |
Hire purchase and leasing commitments
The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
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For the year ended 31 December 2024
PERCIVAL ENGINEERING LIMITED
Notes to the Financial Statements Continued
2. Intangible fixed assets |
Goodwill
30,000
30,000
29,000
29,000
1,000
1,000
3. Property, plant and equipment |
Motor vehicles
195,607
39,884
155,723
1,544
-
1,544
157,267
39,884
197,151
Provision for depreciation and impairment |
70,947
11,904
59,043
Charge for year
3,000
3,000
-
73,947
14,904
59,043
98,224
24,980
123,204
96,680
27,980
124,660
2023
2024
3,200
3,000
5. Trade and other receivables |
2023
2024
2,020
11,942
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For the year ended 31 December 2024
PERCIVAL ENGINEERING LIMITED
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due within one year |
2023
2024
26,073
29,198
23,996
45,719
Taxation and social security |
21,349
14,496
71,418
89,413
7. Trade and other payables: amounts falling due after more than one year |
2023
2024
49,873
31,120
8. Average number of persons employed |
During the year the average number of employees was 4 (2023 : 4)
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