Company Registration No. 02738109 (England and Wales)
P F I Systems Limited
Unaudited accounts
for the year ended 30 April 2023
P F I Systems Limited
Unaudited accounts
Contents
P F I Systems Limited
Company Information
for the year ended 30 April 2023
Directors
Pamela Parker
Christoper Daniel
PEG APME Limited
Company Number
02738109 (England and Wales)
Registered Office
PROTECTION HOUSE SHERBOURNE DRIVE
TILBROOK
MILTON KEYNES
BUCKINGHAMSHIRE
MK7 8HX
ENGLAND
Accountants
Bidwell Accountancy Limited
157 Milton Keynes Business Centre
Foxhunter Drive
Milton Keynes
Buckinghamshire
MK14 6GD
P F I Systems Limited
Statement of financial position
as at 30 April 2023
Intangible assets
95,808
95,808
Cash at bank and in hand
26,472
23,910
Creditors: amounts falling due within one year
(75,586)
(125,620)
Net current assets/(liabilities)
9,961
(11,547)
Total assets less current liabilities
105,769
86,086
Creditors: amounts falling due after more than one year
(39,909)
(35,000)
Called up share capital
100
100
Profit and loss account
65,760
50,986
Shareholders' funds
65,860
51,086
For the year ending 30 April 2023 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 30 January 2024 and were signed on its behalf by
Pamela Parker
Director
Company Registration No. 02738109
P F I Systems Limited
Notes to the Accounts
for the year ended 30 April 2023
P F I Systems Limited is a private company, limited by shares, registered in England and Wales, registration number 02738109. The registered office is PROTECTION HOUSE SHERBOURNE DRIVE, TILBROOK, MILTON KEYNES, BUCKINGHAMSHIRE, MK7 8HX, ENGLAND.
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:
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
P F I Systems Limited
Notes to the Accounts
for the year ended 30 April 2023
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 May 2022
5,390
22,527
27,917
Disposals
-
(22,527)
(22,527)
At 30 April 2023
5,390
-
5,390
At 1 May 2022
5,390
20,702
26,092
On disposals
-
(20,702)
(20,702)
At 30 April 2023
5,390
-
5,390
At 30 April 2022
-
1,825
1,825
Amounts falling due within one year
Trade debtors
7,199
60,414
Amounts due from group undertakings etc.
3,232
-
Amounts falling due after more than one year
Amounts due from group undertakings etc.
15,000
-
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
-
10,000
Trade creditors
63,289
91,709
Amounts owed to group undertakings and other participating interests
-
8,253
Taxes and social security
4,583
15,178
8
Creditors: amounts falling due after more than one year
2023
2022
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).