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REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Year Ended 31st March 2019 |
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for |
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Precision Engineering Services (Buxton) |
Ltd |
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REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Year Ended 31st March 2019 |
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for |
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Precision Engineering Services (Buxton) |
Ltd |
Precision Engineering Services (Buxton) |
Ltd (Registered number: 07193131) |
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Contents of the Financial Statements |
for the Year Ended 31st March 2019 |
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Page |
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Company Information | 1 |
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Abridged Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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Precision Engineering Services (Buxton) |
Ltd |
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Company Information |
for the Year Ended 31st March 2019 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
6 Manchester Road |
Buxton |
Derbyshire |
SK17 6SB |
Precision Engineering Services (Buxton) |
Ltd (Registered number: 07193131) |
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Abridged Balance Sheet |
31st March 2019 |
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31.3.19 | 31.3.18 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Stocks |
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Debtors |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their responsibilities for: |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
on its behalf by: |
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Precision Engineering Services (Buxton) |
Ltd (Registered number: 07193131) |
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Notes to the Financial Statements |
for the Year Ended 31st March 2019 |
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1. | STATUTORY INFORMATION |
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Precision Engineering Services (Buxton) Ltd is a
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England and Wales. The company's registered number and registered office address can be found on |
the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding |
discounts, rebates, value added tax and other sales taxes. |
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Tangible fixed assets |
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Plant and machinery | - |
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Motor vehicles | - |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for |
obsolete and slow moving items. |
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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. |
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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. |
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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. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1st April 2018 |
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Additions |
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At 31st March 2019 |
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DEPRECIATION |
At 1st April 2018 |
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Charge for year |
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At 31st March 2019 |
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NET BOOK VALUE |
At 31st March 2019 |
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At 31st March 2018 |
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Precision Engineering Services (Buxton) |
Ltd (Registered number: 07193131) |
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Notes to the Financial Statements - continued |
for the Year Ended 31st March 2019 |
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4. | TANGIBLE FIXED ASSETS - continued |
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Fixed assets, included in the above, which are held under hire purchase contracts or finance leases |
are as follows: |
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Totals |
£ |
COST |
At 1st April 2018 |
and 31st March 2019 | 9,415 |
DEPRECIATION |
At 1st April 2018 |
and 31st March 2019 | 2,354 |
NET BOOK VALUE |
At 31st March 2019 | 7,061 |
At 31st March 2018 | 7,061 |
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5. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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At the year ended 31st March 2019, the company owed £28,218 (2018: £28,893) to the director C |
Barlow. The loan is interest free and repayable on demand. |
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At the year ended 31st March 2019, the company owed £23,568 (2018: £30,623) to the directors G & |
P Barlow. The loan is interest free and repayable on demand. |