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REGISTERED NUMBER: 05092999 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

FOR

PNP MOTION CONTROLS LIMITED

PNP MOTION CONTROLS LIMITED (REGISTERED NUMBER: 05092999)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PNP MOTION CONTROLS LIMITED

COMPANY INFORMATION
for the Year Ended 31 July 2024







DIRECTOR: Mr N D Hickling





SECRETARY: Ms L M Cain





REGISTERED OFFICE: Unit E207
Warmco Ind Park
Manchester Road Mossley
Ashton Under Lyne
Lancashire
OL5 9AY





REGISTERED NUMBER: 05092999 (England and Wales)





ACCOUNTANTS: Xeinadin
100 Barbirolli Square
Manchester
M2 3BD

PNP MOTION CONTROLS LIMITED (REGISTERED NUMBER: 05092999)

BALANCE SHEET
31 July 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 100,137 81,069
100,137 81,069

CURRENT ASSETS
Stocks 6 302,500 275,000
Debtors 7 776,752 820,232
Cash at bank 231,889 219,747
1,311,141 1,314,979
CREDITORS
Amounts falling due within one year 8 441,402 592,045
NET CURRENT ASSETS 869,739 722,934
TOTAL ASSETS LESS CURRENT
LIABILITIES

969,876

804,003

CREDITORS
Amounts falling due after more than one
year

9

(84,219

)

(78,139

)

PROVISIONS FOR LIABILITIES (5,541 ) -
NET ASSETS 880,116 725,864

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 880,016 725,764
SHAREHOLDERS' FUNDS 880,116 725,864

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

PNP MOTION CONTROLS LIMITED (REGISTERED NUMBER: 05092999)

BALANCE SHEET - continued
31 July 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 April 2025 and were signed by:





Mr N D Hickling - Director


PNP MOTION CONTROLS LIMITED (REGISTERED NUMBER: 05092999)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2024


1. STATUTORY INFORMATION

PNP Motion Controls Limited is a private company, limited by shares, registered in England and Wales, registration number 05092999. The address of the registered office and principal place of business is Unit E207, Warmco Ind Park, Manchester Road Mossley, Ashton Under Lyne, Lancashire, OL5 9AY.

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 as the fair value of the consideration received or receivable, excluding value added tax. The following criteria must also be met before turnover is recognised:

Turnover is generated from the provision of installation, commissioning and repair services of electronic control equipment provided in the normal course of business.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. Computer software is being amortised using the method of 33% straight line.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Depreciation on fixed assets is charged to the profit and loss so as to write off their value, over their estimated useful lives, using the following methods:

Property improvements-25% on reducing balance
Plant and machinery-15% on reducing balance
Fixtures and fittings-15% on reducing balance
Office equipment-15% on reducing balance
Motor vehicles-25% on reducing balance

At each balance sheet date, the company reviews the carrying amounts of its tangible fixed assets to determine whether there is any indication that any items of tangible fixed assets have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any.

If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. Impairment loss is recognised as an expense immediately.

Stocks
Stocks are measured 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 the stock to its present location and condition.

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.


PNP MOTION CONTROLS LIMITED (REGISTERED NUMBER: 05092999)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 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.

Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1 August 2023
and 31 July 2024 4,200
AMORTISATION
At 1 August 2023
and 31 July 2024 4,200
NET BOOK VALUE
At 31 July 2024 -
At 31 July 2023 -

PNP MOTION CONTROLS LIMITED (REGISTERED NUMBER: 05092999)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2024


5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 August 2023 47,446 3,028 3,396
Additions - 407 -
Disposals - - -
At 31 July 2024 47,446 3,435 3,396
DEPRECIATION
At 1 August 2023 38,880 1,987 2,395
Charge for year 2,151 156 150
Eliminated on disposal - - -
At 31 July 2024 41,031 2,143 2,545
NET BOOK VALUE
At 31 July 2024 6,415 1,292 851
At 31 July 2023 8,566 1,041 1,001

Motor Office
vehicles equipment Totals
£    £    £   
COST
At 1 August 2023 103,503 16,924 174,297
Additions 48,450 347 49,204
Disposals (21,490 ) - (21,490 )
At 31 July 2024 130,463 17,271 202,011
DEPRECIATION
At 1 August 2023 40,662 9,304 93,228
Charge for year 21,050 1,205 24,712
Eliminated on disposal (16,066 ) - (16,066 )
At 31 July 2024 45,646 10,509 101,874
NET BOOK VALUE
At 31 July 2024 84,817 6,762 100,137
At 31 July 2023 62,841 7,620 81,069

6. STOCKS
2024 2023
£    £   
Stocks 302,500 275,000

PNP MOTION CONTROLS LIMITED (REGISTERED NUMBER: 05092999)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2024


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 333,241 404,172
Amounts owed by group undertakings 389,675 366,980
Other debtors 7,992 60
Directors' current accounts 43,686 40,137
Deferred tax asset
Other timing differences - 4,658
Prepayments 2,158 4,225
776,752 820,232

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 9,253 11,798
Hire purchase contracts 15,028 8,176
Trade creditors 268,954 414,667
Tax 92,497 93,334
Social security and other taxes - 5,801
VAT 51,592 53,634
Other creditors 228 1,005
Accrued expenses 3,850 3,630
441,402 592,045

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 9,253 11,798
Bank loans - 2-5 years 15,250 19,413
Hire purchase contracts 59,716 46,928
84,219 78,139

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 33,756 43,009
Hire purchase contracts 74,744 55,104
108,500 98,113

National Westminster Bank loan is secured by fixed and floating charge over all the property or undertaking of the company and contains negative pledge.

RBS Invoice Finance Ltd Hire Purchases contracts is secured by fixed and floating charge over all the property or undertaking of the company and contains negative pledge.

PNP MOTION CONTROLS LIMITED (REGISTERED NUMBER: 05092999)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2024


11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1.00 100 100

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within other debtors is a loan due from the directors of £43,586 (2023: £40,137). This loan is interest free and has no set repayment date.The loan has been repaid within 9 months of the year end.

13. RELATED PARTY DISCLOSURES

Included within other debtors is an amount of £389,675 (2023: £366,980) due from related party companies. These amounts are interest free and repayable on demand.

14. ULTIMATE CONTROLLING PARTY

The ultimate controlling party of this company and the group is PNP Group Holdings Ltd. The registered office is Unit E207 Warmco Industry Park, Manchester Road, Mossley, United Kingdom, OL5 9AY.