REGISTERED NUMBER: 02194525 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 April 2025

for

PSV Fabrication (U.K.) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J V Kennedy

M N Kennedy

R M Kennedy

SECRETARY:

J V Kennedy

REGISTERED OFFICE:

Military House

24 Castle Street

Chester

CH1 2DS

REGISTERED NUMBER:

02194525 (England and Wales)

ACCOUNTANTS:

DJH Wirral & Chester Limited

Military House

24 Castle Street

Chester

Cheshire

CH1 2DS

BANKERS:

Lloyds Bank PLC

8 Foregate Street

Chester

Cheshire

CH1 1XP

SOLICITORS:

Knights Solicitors LLP

58 Nicholas Street

Chester

CH1 2NP

FIXED ASSETS

Property, plant and equipment

4

1

1

Investment property

5

1,939,737

1,939,737

1,939,738

1,939,738

CURRENT ASSETS

Debtors

6

10,519

3,455

Cash at bank

57,034

65,873

67,553

69,328

CREDITORS

Amounts falling due within one year

7

(93,264

)

(77,933

)

NET CURRENT LIABILITIES

(25,711

)

(8,605

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,914,027

1,931,133

CREDITORS

Amounts falling due after more than one year

8

(118,952

)

(160,593

)

PROVISIONS FOR LIABILITIES

(106,550

)

(106,550

)

NET ASSETS

1,688,525

1,663,990

CAPITAL AND RESERVES

Called up share capital

10

100,000

100,000

Fair value reserve

11

520,214

520,214

Retained earnings

1,068,311

1,043,776

SHAREHOLDERS' FUNDS

1,688,525

1,663,990

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 September 2025 and were signed on its behalf by:

J V Kennedy - Director

1.	STATUTORY INFORMATION

PSV Fabrication (U.K.) 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 as modified by the revaluation of certain assets.

The financial statements are presented in sterling, which is the functional currency of the company, rounded to the nearest £1.

Turnover

Revenue 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

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year is comprised of current tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

machinery

etc

£

COST

At 1 May 2024

and 30 April 2025

49,902

DEPRECIATION

At 1 May 2024

and 30 April 2025

49,901

NET BOOK VALUE

At 30 April 2025

1

At 30 April 2024

1

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 May 2024

and 30 April 2025

1,939,737

NET BOOK VALUE

At 30 April 2025

1,939,737

At 30 April 2024

1,939,737

Fair value at 30 April 2025 is represented by:

£

Valuation in 2019

626,764

Cost

1,312,973

1,939,737

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Trade debtors

10,519

3,455

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Bank loans and overdrafts

38,000

32,000

Trade creditors

8,387

9,369

Taxation and social security

17,181

8,826

Other creditors

29,696

27,738

93,264

77,933

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.25

30.4.24

£

£

Bank loans

118,952

160,593

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

60,926

9.	SECURED DEBTS

The following secured debts are included within creditors:

30.4.25

30.4.24

£

£

Bank loans

156,952

192,593

The bank loans are secured by a first charge over the freehold property of the company.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.25

30.4.24

value:

£

£

50,000

Ordinary A

£1

50,000

50,000

50,000

Ordinary B

£1

50,000

50,000

100,000

100,000

11.

RESERVES

Fair

value

reserve

£

At 1 May 2024

and 30 April 2025

520,214