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REGISTERED NUMBER: 02039836 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Production Equipment Sales Limited

Production Equipment Sales Limited (Registered number: 02039836)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Production Equipment Sales Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: K Wickson
Mrs J S Hill





SECRETARY: Mrs J S Hill





REGISTERED OFFICE: 34 Pine Walk
Uckfield
East Sussex
TN22 1TU





REGISTERED NUMBER: 02039836 (England and Wales)





ACCOUNTANTS: Style Accountants Limited
Bank House
Southwick Square
Southwick
West Sussex
BN42 4FN

Production Equipment Sales Limited (Registered number: 02039836)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,091 8,562

CURRENT ASSETS
Stocks 18,415 18,843
Debtors 5 13,863 4,434
Cash at bank 1,833 29,760
34,111 53,037
CREDITORS
Amounts falling due within one year 6 21,867 17,877
NET CURRENT ASSETS 12,244 35,160
TOTAL ASSETS LESS CURRENT
LIABILITIES

20,335

43,722

CAPITAL AND RESERVES
Called up share capital 20,000 20,000
Retained earnings 335 23,722
SHAREHOLDERS' FUNDS 20,335 43,722

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

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

The directors acknowledge their 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.

Production Equipment Sales Limited (Registered number: 02039836)

Balance Sheet - continued
31 December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 July 2025 and were signed on its behalf by:





Mrs J S Hill - Director


Production Equipment Sales Limited (Registered number: 02039836)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Production Equipment Sales Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 5% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Foreign currencies
Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Production Equipment Sales Limited (Registered number: 02039836)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024
and 31 December 2024 95,987
DEPRECIATION
At 1 January 2024 87,425
Charge for year 471
At 31 December 2024 87,896
NET BOOK VALUE
At 31 December 2024 8,091
At 31 December 2023 8,562

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 8,851 2,219
Other debtors 5,012 2,215
13,863 4,434

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 16,797 3,170
Trade creditors 5,070 10,027
Taxation and social security - 4,111
Other creditors - 569
21,867 17,877

Production Equipment Sales Limited (Registered number: 02039836)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24 31.12.23
£    £   
K Wickson
Balance outstanding at start of year - -
Amounts advanced 4,610 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,610 -