REGISTERED NUMBER: 06512267 (England and Wales)

Unaudited Financial Statements for the Year Ended 28 February 2025

for

PWX (Hull) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M A Norrison

SECRETARY:

Mrs J C Norrison

REGISTERED OFFICE:

Unit 9 English Street Trading Estate

English Street

Hull

East Yorkshire

HU3 2BE

REGISTERED NUMBER:

06512267 (England and Wales)

ACCOUNTANTS:

Marshall & Co

Chartered Accountants

& Chartered Tax Advisers

The Bloc

Springfield Way

Anlaby

Kingston upon Hull

East Yorkshire

HU10 6RJ

FIXED ASSETS

Intangible assets

4

4,200

5,600

Tangible assets

5

81,087

107,763

85,287

113,363

CURRENT ASSETS

Stocks

10,550

9,800

Debtors

6

251,692

34,118

Cash at bank and in hand

37,778

163,504

300,020

207,422

CREDITORS

Amounts falling due within one year

7

166,066

113,611

NET CURRENT ASSETS

133,954

93,811

TOTAL ASSETS LESS CURRENT LIABILITIES

219,241

207,174

CREDITORS

Amounts falling due after more than one year

8

(20,924

)

(47,144

)

PROVISIONS FOR LIABILITIES

(9,569

)

(8,755

)

NET ASSETS

188,748

151,275

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

188,747

151,274

SHAREHOLDERS' FUNDS

188,748

151,275

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 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 31 October 2025 and were signed by:

M A Norrison - Director

1.	STATUTORY INFORMATION

PWX (Hull) 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

33% on cost, 25% on reducing balance and 15% on cost

Stocks

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

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 10 (2024 - 11 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 March 2024

and 28 February 2025

28,000

AMORTISATION

At 1 March 2024

22,400

Charge for year

1,400

At 28 February 2025

23,800

NET BOOK VALUE

At 28 February 2025

4,200

At 29 February 2024

5,600

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 March 2024

106,694

2,494

133,746

8,364

251,298

Additions

630

-

-

-

630

Disposals

-

-

(5,000

)

-

(5,000

)

At 28 February 2025

107,324

2,494

128,746

8,364

246,928

DEPRECIATION

At 1 March 2024

64,325

2,470

69,707

7,033

143,535

Charge for year

8,780

24

15,473

734

25,011

Eliminated on disposal

-

-

(2,705

)

-

(2,705

)

At 28 February 2025

73,105

2,494

82,475

7,767

165,841

NET BOOK VALUE

At 28 February 2025

34,219

-

46,271

597

81,087

At 29 February 2024

42,369

24

64,039

1,331

107,763

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 March 2024

and 28 February 2025

83,581

DEPRECIATION

At 1 March 2024

35,415

Charge for year

12,042

At 28 February 2025

47,457

NET BOOK VALUE

At 28 February 2025

36,124

At 29 February 2024

48,166

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

30,829

22,132

Other debtors

220,863

11,986

251,692

34,118

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,000

10,000

Hire purchase contracts

2,302

8,374

Trade creditors

34,156

30,673

Taxation and social security

58,575

49,860

Other creditors

61,033

14,704

166,066

113,611

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

3,333

13,333

Hire purchase contracts

17,591

33,811

20,924

47,144

9.	ULTIMATE CONTROLLING PARTY

The controlling party is M A Norrison.