Principal Energy Solutions Limited 31/01/2023 iXBRL
Principal Energy Solutions Limited 31/01/2023 iXBRL
Company registration number:
08381811
Statement of financial position
31 January 2023
2023 | 2022 | ||||||||
Note | £ | £ | £ | £ | |||||
Fixed assets | |||||||||
Tangible assets | 5 |
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Current assets | |||||||||
Debtors | 6 |
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Cash at bank and in hand |
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Creditors: amounts falling due | |||||||||
within one year | 7 |
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Net current assets |
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Total assets less current liabilities |
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Net assets |
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Capital and reserves | |||||||||
Called up share capital |
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Profit and loss account |
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Shareholders funds |
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Director's responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
16 May 2023
, and are signed on behalf of the board by:
Director
Company registration number:
08381811
Notes to the financial statements
Year ended 31 January 2023
1.
General information
The company is a private company limited by shares, registered in England. The address of the registered office is Sterling House, 501 Middleton Road, Chadderton, Oldham, OL9 9LY.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Turnover
Taxation
Operating leases
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment | - |
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Computer equipment | - |
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straight line | |
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
2
(2022:
2
).
5.
Tangible assets
Fixtures, fittings and equipment | Computer equipment | Total | ||
£ | £ | £ | ||
Cost | ||||
At 1 February 2022 |
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Additions | - |
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At 31 January 2023 |
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Depreciation | ||||
At 1 February 2022 |
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Charge for the year |
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At 31 January 2023 |
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Carrying amount | ||||
At 31 January 2023 |
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At 31 January 2022 |
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6.
Debtors
2023 | 2022 | |||
£ | £ | |||
Trade debtors |
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Other debtors |
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7.
Creditors: amounts falling due within one year
2023 | 2022 | |||
£ | £ | |||
Corporation tax |
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Social security and other taxes |
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Other creditors |
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8.
Other financial commitments