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Registered number: 09912100
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PFTF Limited
Financial statements
Information for filing with the registrar
31 December 2022
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Balance sheet
At 31 December 2022
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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Capital redemption reserve
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1
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Balance sheet (continued)
At 31 December 2022
The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 27 July 2023.
Company registered number: 09912100
The notes on pages 3 to 5 form part of these financial statements.
2
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Notes to the financial statements
Year ended 31 December 2022
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 128 Metroplex Business Park, Broadway, Media City, Salford, Greater Manchester, M50 2UW.
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The following principal accounting policies have been applied:
Investments in subsidiaries are measured at cost less accumulated impairment.
3
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Notes to the financial statements
Year ended 31 December 2022
3.Accounting policies (continued)
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
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The average monthly number of employees, including directors, during the year was 2 (2021 - 2).
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Investments in subsidiary companies
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The company owns 100% of the shares of High Voltage Partial Discharge Limited, a company incorporated in England and Wales.
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Amounts owed by group undertakings
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Creditors: amounts falling due within one year
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4
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Notes to the financial statements
Year ended 31 December 2022
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Related party transactions
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The parent company is PFTF Holdings Limited, a company registered in England and Wales. The address of the registered office is 128 Metroplex Business Park, Broadway, Media City, Salford, Greater Manchester M50 2UW.
During the year an inter company account was operated between the company and High Voltage Partial Discharge Limited to record normal trading transactions. At the year end the amount due from High Voltage Partial Discharge Limited was £351,217 (2021 - £351,217).
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5
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