Company Registration No. 7156688 (England and Wales)
NEIL PASSMORE PROCESS ENGINEERING LIMITED
Unaudited accounts
for the year ended 31 March 2026
NEIL PASSMORE PROCESS ENGINEERING LIMITED
Unaudited accounts
Contents
NEIL PASSMORE PROCESS ENGINEERING LIMITED
Company Information
for the year ended 31 March 2026
Directors
Neil Robert Passmore
Rebecca Louise Passmore
Company Number
7156688 (England and Wales)
Registered Office
LLOYDS BANK CHAMBERS
HIGH STREET
CREDITON
DEVON
EX17 3AH
NEIL PASSMORE PROCESS ENGINEERING LIMITED
Statement of financial position
as at 31 March 2026
Tangible assets
28,531
20,621
Cash at bank and in hand
129,829
148,265
Creditors: amounts falling due within one year
(33,730)
(81,324)
Net current assets
141,320
143,164
Net assets
169,851
163,785
Called up share capital
10
10
Profit and loss account
169,841
163,775
Shareholders' funds
169,851
163,785
For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 2 June 2026 and were signed on its behalf by
Neil Robert Passmore
Director
Company Registration No. 7156688
NEIL PASSMORE PROCESS ENGINEERING LIMITED
Notes to the Accounts
for the year ended 31 March 2026
NEIL PASSMORE PROCESS ENGINEERING LIMITED is a private company, limited by shares, registered in England and Wales, registration number 7156688. The registered office is LLOYDS BANK CHAMBERS, HIGH STREET, CREDITON, DEVON, EX17 3AH.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10% reducing balance
Motor vehicles
20% reducing balance
Goodwill was purchased from the directors' partnership.
The goodwill is being amortised over ten years. In the opinion of the directors, this represents a prudent estimate of the period over which the company will derive direct economic benefit.
4
Intangible fixed assets
Goodwill
NEIL PASSMORE PROCESS ENGINEERING LIMITED
Notes to the Accounts
for the year ended 31 March 2026
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 April 2025
27,990
25,503
53,493
At 31 March 2026
39,744
25,503
65,247
At 1 April 2025
13,591
19,281
32,872
Charge for the year
2,632
1,212
3,844
At 31 March 2026
16,223
20,493
36,716
At 31 March 2026
23,521
5,010
28,531
At 31 March 2025
14,399
6,222
20,621
Amounts falling due within one year
Trade debtors
43,847
72,331
Accrued income and prepayments
1,841
1,841
7
Creditors: amounts falling due within one year
2026
2025
Trade creditors
1,462
20,059
Taxes and social security
15,889
15,007
Loans from directors
4,782
34,908
8
Average number of employees
During the year the average number of employees was 3 (2025: 2).