Pneumatic And Compressor Engineering Ltd 03915683 false 2024-04-01 2025-03-31 2025-03-31 The principal activity of the company is sale and repair of compressors & equipment. Digita Accounts Production Advanced 6.30.9574.0 true true 03915683 2024-04-01 2025-03-31 03915683 2025-03-31 03915683 core:RetainedEarningsAccumulatedLosses 2025-03-31 03915683 core:ShareCapital 2025-03-31 03915683 core:CurrentFinancialInstruments 2025-03-31 03915683 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 03915683 core:Non-currentFinancialInstruments core:AfterOneYear 2025-03-31 03915683 bus:SmallEntities 2024-04-01 2025-03-31 03915683 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 03915683 bus:FilletedAccounts 2024-04-01 2025-03-31 03915683 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 03915683 bus:RegisteredOffice 2024-04-01 2025-03-31 03915683 bus:CompanySecretary1 2024-04-01 2025-03-31 03915683 bus:Director1 2024-04-01 2025-03-31 03915683 bus:Director3 2024-04-01 2025-03-31 03915683 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 03915683 core:FurnitureFittings 2024-04-01 2025-03-31 03915683 core:OfficeEquipment 2024-04-01 2025-03-31 03915683 core:PlantMachinery 2024-04-01 2025-03-31 03915683 countries:England 2024-04-01 2025-03-31 03915683 2023-04-01 2024-03-31 03915683 2024-03-31 03915683 core:RetainedEarningsAccumulatedLosses 2024-03-31 03915683 core:ShareCapital 2024-03-31 03915683 core:CurrentFinancialInstruments 2024-03-31 03915683 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 03915683 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 iso4217:GBP xbrli:pure

Registration number: 03915683

Pneumatic And Compressor Engineering Ltd

Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 March 2025

 

Pneumatic And Compressor Engineering Ltd

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 6

 

Pneumatic And Compressor Engineering Ltd

Company Information

Directors

Mr M E Beesley

Mr M Topping

Company secretary

Mrs M Rutter

Registered office

Unit 4 Forward Industrial Estate
Talbot Road
Leyland
Lancashire
PR25 2ZJ

Accountants

Brown and Lonsdale Limited
82 Blackburn Road
Accrington
Lancashire
BB5 1LL

 

Pneumatic And Compressor Engineering Ltd

(Registration number: 03915683)
Abridged Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

40,510

46,603

Current assets

 

Stocks

251,175

256,601

Debtors

105,219

178,282

Cash at bank and in hand

 

91,029

83,083

 

447,423

517,966

Creditors: Amounts falling due within one year

(196,248)

(296,929)

Net current assets

 

251,175

221,037

Total assets less current liabilities

 

291,685

267,640

Creditors: Amounts falling due after more than one year

(12,218)

(22,419)

Accruals and deferred income

 

(3,538)

(3,240)

Net assets

 

275,929

241,981

Capital and reserves

 

Called up share capital

4

2,000

2,000

Retained earnings

273,929

239,981

Shareholders' funds

 

275,929

241,981

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 30 May 2025 and signed on its behalf by:
 

 

Pneumatic And Compressor Engineering Ltd

(Registration number: 03915683)
Abridged Balance Sheet as at 31 March 2025

.........................................
Mr M E Beesley
Director

 

Pneumatic And Compressor Engineering Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2025

1

General information

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

The address of its registered office is:
Unit 4 Forward Industrial Estate
Talbot Road
Leyland
Lancashire
PR25 2ZJ

These financial statements were authorised for issue by the Board on 30 May 2025.

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 abridged 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 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged 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.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Pneumatic And Compressor Engineering Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures & fittings

25% Reducing Balance Basis

Plant & machinery

15% Reducing Balance Basis

Office equipment

25% Reducing Balance Basis

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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

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.

Borrowings

 

Pneumatic And Compressor Engineering Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2025

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 8 (2024 - 8).

4

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary shares of £1 each

2,000

2,000

2,000

2,000