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Registration number: 05895858

Powerscreen Pegson Equipment Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 29 June 2024

 

Powerscreen Pegson Equipment Limited

Contents

Company Information

1

Director's Report

2

Accountants' Report

3

Balance Sheet

4

Notes to the Unaudited Financial Statements

5 to 6

 

Powerscreen Pegson Equipment Limited

Company Information

Director

Mr Fintan Joseph McKeever

Registered office

Unit 8 The Courtyard
Goldsmith Way
Eliot Business Park
Nuneaton
Warwickshire
CV10 7RJ

Accountants

Pattinsons Business Services Ltd 8 The Courtyard
Goldsmith Way
Eliot Business Park
Nuneaton
CV10 7RJ

 

Powerscreen Pegson Equipment Limited

Director's Report for the Year Ended 29 June 2024

The director presents his report and the financial statements for the year ended 29 June 2024.

Director of the company

The director who held office during the year was as follows:

Mr Fintan Joseph McKeever

Principal activity

The principal activity of the company is non-trading.

Small companies provision statement

This report has 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.

Approved by the director on 21 March 2024 and signed on its behalf by:

.........................................
Mr Fintan Joseph McKeever
Director

 

Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Powerscreen Pegson Equipment Limited
for the Year Ended 29 June 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Powerscreen Pegson Equipment Limited for the year ended 29 June 2024 as set out on pages 4 to 6 from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Powerscreen Pegson Equipment Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Powerscreen Pegson Equipment Limited and state those matters that we have agreed to state to the Board of Directors of Powerscreen Pegson Equipment Limited, as a body. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Powerscreen Pegson Equipment Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Powerscreen Pegson Equipment Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Powerscreen Pegson Equipment Limited. You consider that Powerscreen Pegson Equipment Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Powerscreen Pegson Equipment Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Pattinsons Business Services Ltd
8 The Courtyard
Goldsmith Way
Eliot Business Park
Nuneaton
CV10 7RJ

21 March 2024

 

Powerscreen Pegson Equipment Limited

(Registration number: 05895858)
Balance Sheet as at 29 June 2024

Note

2024
£

2023
£

Current assets

 

Debtors

4

103,012

102,995

Cash at bank and in hand

 

503

724

 

103,515

103,719

Creditors: Amounts falling due within one year

5

(16,037)

(15,777)

Net assets

 

87,478

87,942

Capital and reserves

 

Called up share capital

6

100

100

Retained earnings

87,378

87,842

Shareholders' funds

 

87,478

87,942

For the financial year ending 29 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his 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 provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the director on 21 March 2024
 

.........................................
Mr Fintan Joseph McKeever
Director

 

Powerscreen Pegson Equipment Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 June 2024

1

General information

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

The address of its registered office is:
Unit 8 The Courtyard
Goldsmith Way
Eliot Business Park
Nuneaton
Warwickshire
CV10 7RJ

These financial statements were authorised for issue by the director on 21 March 2024.

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.

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.

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.

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.

 

Powerscreen Pegson Equipment Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 June 2024

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 during the year, was 0 (2023 - 0).

4

Debtors

2024
£

2023
£

Other debtors

103,012

102,995

103,012

102,995

5

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Trade creditors

 

235

625

Other creditors

 

15,802

15,152

 

16,037

15,777

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

100

100

100

100