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REGISTERED NUMBER: 08451330 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

P R JUNIOR LIMITED

P R JUNIOR LIMITED (REGISTERED NUMBER: 08451330)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


P R JUNIOR LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2023







DIRECTOR: P Richards





REGISTERED OFFICE: Hayes Road
Cadishead
Manchester
M44 5BU





REGISTERED NUMBER: 08451330 (England and Wales)





ACCOUNTANTS: Connaughton & Co
2nd Floor, Boulton House
17-21 Chorlton Street
Manchester
M1 3HY

P R JUNIOR LIMITED (REGISTERED NUMBER: 08451330)

BALANCE SHEET
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 864,144 565,243

CURRENT ASSETS
Stocks 50,000 50,000
Debtors 5 241,209 288,518
Cash at bank 81,916 233,305
373,125 571,823
CREDITORS
Amounts falling due within one year 6 473,663 460,005
NET CURRENT (LIABILITIES)/ASSETS (100,538 ) 111,818
TOTAL ASSETS LESS CURRENT
LIABILITIES

763,606

677,061

CREDITORS
Amounts falling due after more than one year 7 (317,529 ) (217,175 )

PROVISIONS FOR LIABILITIES 10 (63,255 ) (92,108 )
NET ASSETS 382,822 367,778

CAPITAL AND RESERVES
Called up share capital 11 1 1
Retained earnings 12 382,821 367,777
SHAREHOLDERS' FUNDS 382,822 367,778

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)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.

P R JUNIOR LIMITED (REGISTERED NUMBER: 08451330)

BALANCE SHEET - continued
31 March 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 November 2023 and were signed by:





P Richards - Director


P R JUNIOR LIMITED (REGISTERED NUMBER: 08451330)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

P R Junior Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

P R JUNIOR LIMITED (REGISTERED NUMBER: 08451330)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued

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.

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 April 2022 - 675,907 187
Additions 3,000 447,409 -
Disposals - (176,000 ) -
At 31 March 2023 3,000 947,316 187
DEPRECIATION
At 1 April 2022 - 220,688 82
Charge for year 750 81,026 26
Eliminated on disposal - (44,000 ) -
At 31 March 2023 750 257,714 108
NET BOOK VALUE
At 31 March 2023 2,250 689,602 79
At 31 March 2022 - 455,219 105

P R JUNIOR LIMITED (REGISTERED NUMBER: 08451330)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2022 194,912 500 871,506
Additions 90,466 - 540,875
Disposals - - (176,000 )
At 31 March 2023 285,378 500 1,236,381
DEPRECIATION
At 1 April 2022 85,274 219 306,263
Charge for year 28,102 70 109,974
Eliminated on disposal - - (44,000 )
At 31 March 2023 113,376 289 372,237
NET BOOK VALUE
At 31 March 2023 172,002 211 864,144
At 31 March 2022 109,638 281 565,243

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2022 493,284 124,912 618,196
Additions 414,848 90,466 505,314
Disposals (137,500 ) - (137,500 )
At 31 March 2023 770,632 215,378 986,010
DEPRECIATION
At 1 April 2022 174,562 54,649 229,211
Charge for year 54,833 20,227 75,060
Eliminated on disposal (34,375 ) - (34,375 )
At 31 March 2023 195,020 74,876 269,896
NET BOOK VALUE
At 31 March 2023 575,612 140,502 716,114
At 31 March 2022 318,722 70,263 388,985

P R JUNIOR LIMITED (REGISTERED NUMBER: 08451330)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

5. DEBTORS
31.3.23 31.3.22
£    £   
Amounts falling due within one year:
Trade debtors 167,946 265,395
Other debtors 1 1
Directors' current accounts 37,633 234
Tax 76 11,638
VAT 24,227 -
Prepayments 11,250 11,250
241,133 288,518

Amounts falling due after more than one year:
Tax 76 -

Aggregate amounts 241,209 288,518

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts (see note 8) 9,708 9,586
Other loans (see note 8) 32,276 66,490
Hire purchase contracts 253,845 183,802
Trade creditors 153,779 138,735
Tax - 76
Social security and other taxes 5,927 26,122
VAT - 24,873
Other creditors 1,635 821
Accrued expenses 16,493 9,500
473,663 460,005

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans (see note 8) 23,629 33,751
Hire purchase contracts 293,900 183,424
317,529 217,175

P R JUNIOR LIMITED (REGISTERED NUMBER: 08451330)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

8. LOANS

An analysis of the maturity of loans is given below:

31.3.23 31.3.22
£    £   
Amounts falling due within one year or on demand:
Bank loans 9,708 9,586
Other loans 32,276 66,490
41,984 76,076

Amounts falling due between one and two years:
Bank loans - 1-2 years 9,957 9,828

Amounts falling due between two and five years:
Bank loans - 2-5 years 13,672 23,923

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Other loans 32,276 66,490
Hire purchase contracts 547,745 367,226
580,021 433,716

The other loan is secured by a first legal mortgage containing a fixed and floating charge over the assets of the company.

10. PROVISIONS FOR LIABILITIES
31.3.23 31.3.22
£    £   
Deferred tax 63,255 92,108

Deferred
tax
£   
Balance at 1 April 2022 92,108
Accelerated capital allowances (28,853 )
Balance at 31 March 2023 63,255

P R JUNIOR LIMITED (REGISTERED NUMBER: 08451330)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
1 Ordinary £1 1 1

12. RESERVES
Retained
earnings
£   

At 1 April 2022 367,777
Profit for the year 39,044
Dividends (24,000 )
At 31 March 2023 382,821