Company Registration No. 01748947 (England and Wales)
PCES LIMITED
Unaudited accounts
for the year ended 30 September 2024
PCES LIMITED
Unaudited accounts
Contents
PCES LIMITED
Statement of financial position
as at 30 September 2024
Tangible assets
48,290
43,889
Cash at bank and in hand
579,055
606,215
Creditors: amounts falling due within one year
(102,606)
(77,654)
Net current assets
640,503
634,469
Total assets less current liabilities
738,793
728,358
Provisions for liabilities
Deferred tax
(12,073)
(9,823)
Net assets
726,720
718,535
Called up share capital
100
100
Profit and loss account
726,620
718,435
Shareholders' funds
726,720
718,535
For the year ending 30 September 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 April 2025 and were signed on its behalf by
Richard Martin Tanner
Director
Company Registration No. 01748947
PCES LIMITED
Notes to the Accounts
for the year ended 30 September 2024
PCES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 01748947. The registered office is c/o WIRS (Wolverhampton) Ltd, 23 Church Lane, Wolverhampton, West Midlands, WV2 4AL.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% reducing balance
Fixtures & fittings
25% reducing balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
PCES LIMITED
Notes to the Accounts
for the year ended 30 September 2024
4
Tangible fixed assets
Total
At 30 September 2024
89,759
At 30 September 2024
41,469
At 30 September 2024
48,290
At 30 September 2023
43,889
5
Deferred taxation
2024
2023
Accelerated capital allowances
12,073
9,823
Provision at start of year
9,823
9,823
Charged to the profit and loss account
2,250
-
Provision at end of year
12,073
9,823
6
Average number of employees
During the year the average number of employees was 2 (2023: 2).