REGISTERED NUMBER: 07787558 (England and Wales)

Unaudited Financial Statements for the Year Ended 29 September 2024

for

Platinum Mechanical Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

G Ellis

SECRETARY:

REGISTERED OFFICE:

65-69 Shelton Street

London

WC2H 9HE

REGISTERED NUMBER:

07787558 (England and Wales)

FIXED ASSETS

Tangible assets

4

58,524

42,234

CURRENT ASSETS

Stocks

187,511

812,743

Debtors

5

305,331

164,572

Cash at bank

208,793

215,578

701,635

1,192,893

CREDITORS

Amounts falling due within one year

6

571,804

887,061

NET CURRENT ASSETS

129,831

305,832

TOTAL ASSETS LESS CURRENT LIABILITIES

188,355

348,066

CREDITORS

Amounts falling due after more than one year

7

44,233

104,166

NET ASSETS

144,122

243,900

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

144,022

243,800

SHAREHOLDERS' FUNDS

144,122

243,900

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 September 2025 and were signed by:

G Ellis - Director

1.	STATUTORY INFORMATION

Platinum Mechanical Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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

Plant and Machinery 15% on cost

Fixtures, Fitting & equipment 25% on cost

Motor Vehicles 25% Reducing balance

Computer equipment 20% Reducing Balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

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

Current or deferred 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 5 (2023 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 30 September 2023

74,187

30,851

70,962

11,312

187,312

Additions

-

-

42,020

1,331

43,351

At 29 September 2024

74,187

30,851

112,982

12,643

230,663

DEPRECIATION

At 30 September 2023

54,652

30,851

53,211

6,364

145,078

Charge for year

11,128

-

14,943

990

27,061

At 29 September 2024

65,780

30,851

68,154

7,354

172,139

NET BOOK VALUE

At 29 September 2024

8,407

-

44,828

5,289

58,524

At 29 September 2023

19,535

-

17,751

4,948

42,234

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

29.9.24

29.9.23

£

£

Trade debtors

71,360

-

Other debtors

233,971

164,572

305,331

164,572

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

29.9.24

29.9.23

£

£

Trade creditors

386,211

810,121

Taxation and social security

136,737

74,113

Other creditors

48,856

2,827

571,804

887,061

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

29.9.24

29.9.23

£

£

Bank loans

20,833

83,333

Hire purchase contracts

23,400

-

Other creditors

-

20,833

44,233

104,166