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Company Registration No. 09489332 (England and Wales)
Price Bros Surfacing Limited Unaudited accounts for the year ended 31 March 2023
Price Bros Surfacing Limited Unaudited accounts Contents
Page
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Price Bros Surfacing Limited Company Information for the year ended 31 March 2023
Directors
Mr Daniel Price Mr Thomas Price
Company Number
09489332 (England and Wales)
Registered Office
Woodlands Lodge Greyhound Road Sheerness Kent ME12 3SP
Accountants
Blue Sky Accountants Limited Innovation Centre Medway Maidstone Road Chatham Kent ME5 9FD
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Price Bros Surfacing Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
290,770 
186,490 
Current assets
Debtors
495,888 
663,878 
Cash at bank and in hand
296,274 
353,869 
792,162 
1,017,747 
Creditors: amounts falling due within one year
(31,204)
(644,843)
Net current assets
760,958 
372,904 
Total assets less current liabilities
1,051,728 
559,394 
Creditors: amounts falling due after more than one year
(170,334)
(170,334)
Net assets
881,394 
389,060 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
881,294 
388,960 
Shareholders' funds
881,394 
389,060 
For the year ending 31 March 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 2 October 2023 and were signed on its behalf by
Mr Daniel Price Director Company Registration No. 09489332
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Price Bros Surfacing Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Price Bros Surfacing Limited is a private company, limited by shares, registered in England and Wales, registration number 09489332. The registered office is Woodlands Lodge, Greyhound Road, Sheerness, Kent, ME12 3SP.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20%
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2022
81,041 
334,876 
415,917 
Additions
- 
322,941 
322,941 
At 31 March 2023
81,041 
657,817 
738,858 
Depreciation
At 1 April 2022
40,520 
188,907 
229,427 
Charge for the year
8,104 
210,557 
218,661 
At 31 March 2023
48,624 
399,464 
448,088 
Net book value
At 31 March 2023
32,417 
258,353 
290,770 
At 31 March 2022
40,521 
145,969 
186,490 
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Price Bros Surfacing Limited Notes to the Accounts for the year ended 31 March 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
24,972 
7,542 
Trade debtors
469,461 
594,824 
Other debtors
1,455 
61,512 
495,888 
663,878 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Obligations under finance leases and hire purchase contracts
- 
25,022 
Trade creditors
- 
589,199 
Taxes and social security
31,204 
30,622 
31,204 
644,843 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
170,334 
170,334 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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