14 false false false false false false false false false false true false false false false false false No description of principal activity 2024-04-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 2840724 2024-04-01 2025-03-31 2840724 2025-03-31 2840724 2024-03-31 2840724 2023-04-01 2024-03-31 2840724 2024-03-31 2840724 2023-03-31 2840724 core:PlantMachinery 2024-04-01 2025-03-31 2840724 core:MotorVehicles 2024-04-01 2025-03-31 2840724 bus:LeadAgentIfApplicable 2024-04-01 2025-03-31 2840724 bus:Director1 2024-04-01 2025-03-31 2840724 bus:Director2 2024-04-01 2025-03-31 2840724 core:PlantMachinery 2024-03-31 2840724 core:MotorVehicles 2024-03-31 2840724 core:PlantMachinery 2025-03-31 2840724 core:MotorVehicles 2025-03-31 2840724 core:WithinOneYear 2025-03-31 2840724 core:WithinOneYear 2024-03-31 2840724 core:AfterOneYear 2025-03-31 2840724 core:AfterOneYear 2024-03-31 2840724 core:ShareCapital 2025-03-31 2840724 core:ShareCapital 2024-03-31 2840724 core:RetainedEarningsAccumulatedLosses 2025-03-31 2840724 core:RetainedEarningsAccumulatedLosses 2024-03-31 2840724 core:PlantMachinery 2024-03-31 2840724 core:MotorVehicles 2024-03-31 2840724 bus:SmallEntities 2024-04-01 2025-03-31 2840724 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 2840724 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 2840724 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 2840724 bus:FullAccounts 2024-04-01 2025-03-31
COMPANY REGISTRATION NUMBER: 2840724
P & S Automation Limited
Filleted Unaudited Financial Statements
For the Year Ended
31 March 2025
P & S Automation Limited
Financial Statements
Year Ended 31st March 2025
Contents
Page
Chartered Accountant's Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements
1
Statement of Financial Position
2
Notes to the Financial Statements
4
P & S Automation Limited
Chartered Accountant's Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of P & S Automation Limited
Year Ended 31st March 2025
As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 31st March 2025, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
PEYTON TYLER MEARS Chartered accountants
Middleborough House 16 Middleborough Colchester Essex CO1 1QT
4 August 2025
P & S Automation Limited
Statement of Financial Position
31 March 2025
2025
2024
Note
£
£
£
Fixed Assets
Tangible assets
5
127,856
53,643
Current Assets
Stocks
145,225
224,561
Debtors
6
567,521
408,983
Cash at bank and in hand
23,243
97,055
---------
---------
735,989
730,599
Creditors: amounts falling due within one year
7
411,400
488,024
---------
---------
Net Current Assets
324,589
242,575
---------
---------
Total Assets Less Current Liabilities
452,445
296,218
Creditors: amounts falling due after more than one year
8
139,385
85,802
Provisions
Taxation including deferred tax
29,799
11,107
---------
---------
Net Assets
283,261
199,309
---------
---------
P & S Automation Limited
Statement of Financial Position (continued)
31 March 2025
2025
2024
Note
£
£
£
Capital and Reserves
Called up share capital
300
300
Profit and loss account
282,961
199,009
---------
---------
Shareholders Funds
283,261
199,309
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31st 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 31 July 2025 , and are signed on behalf of the board by:
P.D. Edwards
Mrs. S.R.L. Edwards
Director
Director
Company registration number: 2840724
P & S Automation Limited
Notes to the Financial Statements
Year Ended 31st March 2025
1. General Information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Middleborough House, 16 Middleborough, Colchester, Essex, CO1 1QT.
2. Statement of Compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting Policies
Basis of Preparation
The financial statements have been prepared on the historical cost basis. Revenue Recognition Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably. Income Tax The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference. Tangible Assets Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss. Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery - 20% straight line
Motor vehicles - 20% straight line
Impairment of Fixed Assets A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date .
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.
Finance Leases and Hire Purchase Contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial Instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities .
4. Employee Numbers
The average number of persons employed by the company during the year amounted to 14 (2024: 14 ).
5. Tangible Assets
Plant and machinery
Motor vehicles
Total
£
£
£
Cost
At 1st April 2024
6,500
189,772
196,272
Additions
102,801
102,801
Disposals
( 26,667)
( 26,667)
-------
---------
---------
At 31st March 2025
6,500
265,906
272,406
-------
---------
---------
Depreciation
At 1st April 2024
759
141,870
142,629
Charge for the year
1,300
27,288
28,588
Disposals
( 26,667)
( 26,667)
-------
---------
---------
At 31st March 2025
2,059
142,491
144,550
-------
---------
---------
Carrying amount
At 31st March 2025
4,441
123,415
127,856
-------
---------
---------
At 31st March 2024
5,741
47,902
53,643
-------
---------
---------
6. Debtors
2025
2024
£
£
Trade debtors
538,635
383,129
Other debtors
28,886
25,854
---------
---------
567,521
408,983
---------
---------
7. Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
90,798
203,665
Trade creditors
124,895
133,656
Corporation tax
112,035
78,398
Social security and other taxes
22,611
33,851
Other creditors
61,061
38,454
---------
---------
411,400
488,024
---------
---------
8. Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
78,964
67,500
Other creditors
60,421
18,302
---------
--------
139,385
85,802
---------
--------