Conor Price Engineering Ltd,Ltd - AccountsLtd - Accounts

Conor Price Engineering Ltd,Ltd - AccountsLtd - Accounts

CONOR PRICE ENGINEERING LTD - Company Information

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2020-11-01 SC349994 2021-10-31 SC349994 2020-11-01 2021-10-31 SC349994 2020-10-31 SC349994 2019-11-01 2020-10-31 SC349994 uk-core:WithinOneYear 2020-10-31 SC349994 uk-core:WithinOneYear 2021-10-31 SC349994 uk-core:AfterOneYear 2020-10-31 SC349994 uk-core:AfterOneYear 2021-10-31 SC349994 uk-core:ShareCapital 2021-10-31 SC349994 uk-core:ShareCapital 2020-10-31 SC349994 uk-core:RetainedEarningsAccumulatedLosses 2021-10-31 SC349994 uk-core:RetainedEarningsAccumulatedLosses 2020-10-31 SC349994 uk-bus:Director1 2020-11-01 2021-10-31 SC349994 uk-core:Buildings 2020-11-01 2021-10-31 SC349994 uk-core:PlantMachinery 2020-11-01 2021-10-31 SC349994 uk-core:MotorCars 2020-11-01 2021-10-31 SC349994 uk-core:FurnitureFittings 2020-11-01 2021-10-31 SC349994 uk-core:FurnitureFittings 2020-10-31 SC349994 uk-core:MotorCars 2020-10-31 SC349994 uk-core:PlantMachinery 2020-10-31 SC349994 uk-core:Buildings 2020-10-31 SC349994 uk-core:PlantMachinery 2021-10-31 SC349994 uk-core:MotorCars 2021-10-31 SC349994 uk-core:FurnitureFittings 2021-10-31 SC349994 uk-core:Buildings 2021-10-31 SC349994 uk-core:AfterOneYear uk-core:Secured 2021-10-31 SC349994 uk-core:AfterOneYear uk-core:Secured 2020-10-31 SC349994 2 uk-bus:Director1 2020-11-01 2021-10-31 SC349994 2 uk-bus:Director1 2021-10-31 SC349994 2 uk-bus:Director1 2020-10-31 iso4217:GBP xbrli:pure SC349994 uk-bus:AuditExemptWithAccountantsReport 2020-11-01 2021-10-31 SC349994 uk-bus:FRS102 2020-11-01 2021-10-31 SC349994 uk-bus:FullAccounts 2020-11-01 2021-10-31 SC349994 uk-bus:PrivateLimitedCompanyLtd 2020-11-01 2021-10-31
Conor Price Engineering Ltd
Registered Number:SC349994
For the year ended 31 October 2021
Scotland
Unaudited Financial Statements
2
For the year ended 31 October 2021
Conor Price Engineering Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
SC349994
As at 31 October 2021
Conor Price Engineering Ltd
Statement of Financial Position
£
£
2020
2021
Notes
Fixed assets
Property, plant and equipment
217,332
219,577
2
217,332
219,577
Current assets
Trade and other receivables
437,325
440,253
3
17,916
Cash and cash equivalents
66,186
506,439
455,241
Trade and other payables: amounts falling due within one
year
(151,440)
(127,495)
4
303,801
378,944
Net current assets
Total assets less current liabilities
596,276
523,378
Trade and other payables: amounts falling due after more
than one year
-
(104,881)
5
491,395
Net assets
523,378
Capital and reserves
Called up share capital
1
1
Retained earnings
491,394
523,377
491,395
523,378
Shareholders' funds
For the year ended 31 October 2021 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 of its financial statements for the year ended 31 October 2021 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Conor Price Director
These financial statements were approved and authorised for issue by the Board on 28 July 2022 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 October 2021
Conor Price Engineering Ltd
Notes to the Financial Statements
Statutory Information
Conor Price Engineering Ltd is a private limited company, limited by shares, domiciled in Scotland, registration number
SC349994.
Registered address:
First Floor, Archibald Hope House
Eskmills
Station Road
Musselburgh
EH21 7PE
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and buildings
0%
Plant and machinery
25% Reducing balance
25% Reducing balance
Motor vehicles
0%
Fixtures and fittings
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
2 of 4
5
For the year ended 31 October 2021
Conor Price Engineering Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Fixtures and
fittings
Motor vehicles
Plant and
machinery
Land and
buildings
£
£
£
£
£
Cost or
valuation
At 01 November 2020
245,848
336
18,294
37,218
190,000
17,045
-
11,200
5,845
-
Additions
-
(18,294)
-
-
Disposals
(18,294)
At 31 October 2021
43,063
11,200
336
244,599
190,000
Provision for depreciation and impairment
At 01 November 2020
26,271
-
8,003
18,268
-
Charge for year
8,999
-
2,800
6,199
-
(8,003)
-
(8,003)
-
-
On disposal
At 31 October 2021
27,267
-
2,800
24,467
-
At 31 October 2021
Net book value
190,000
18,596
8,400
336
217,332
At 31 October 2020
190,000
18,950
10,291
336
219,577
3. Trade and other receivables
2020
2021
£
£
Trade debtors
-
5,410
Other debtors
440,253
431,915
437,325
440,253
The debtors above include the following amounts falling due after more than one year:
Other debtors
440,253
431,915
4. Trade and other payables: amounts falling due within one year
2020
2021
£
£
Taxation and social security
123,363
147,539
Other creditors
4,132
3,901
127,495
151,440
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6
For the year ended 31 October 2021
Conor Price Engineering Ltd
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due after more than one year
2020
2021
£
£
Bank loans and overdraft
104,881
-
6. Directors advances and guarantees
At 01/11/2020
At 31/10/2021
£
£
Conor Price
Property Loan, No fixed repayment terms, 2.5% interest
-
23,319
-
23,319
7. Average number of persons employed
During the year the average number of employees was 0 (2020 : 8)
4 of 4