2022-10-01 07384000 2023-09-30 07384000 2022-10-01 2023-09-30 07384000 2022-09-30 07384000 2021-10-01 2022-09-30 07384000 uk-core:WithinOneYear uk-bus:Original 2022-09-30 07384000 uk-core:WithinOneYear uk-bus:Original 2023-09-30 07384000 uk-core:ShareCapital uk-bus:Original 2023-09-30 07384000 uk-core:ShareCapital uk-bus:Original 2022-09-30 07384000 uk-core:RetainedEarningsAccumulatedLosses uk-bus:Original 2023-09-30 07384000 uk-core:RetainedEarningsAccumulatedLosses uk-bus:Original 2022-09-30 07384000 uk-bus:Director1 uk-bus:Original 2022-10-01 2023-09-30 07384000 uk-core:PlantMachinery uk-bus:Original 2022-10-01 2023-09-30 07384000 uk-core:ToolsEquipment uk-bus:Original 2022-10-01 2023-09-30 07384000 uk-core:FurnitureFittings uk-bus:Original 2022-10-01 2023-09-30 07384000 uk-core:ToolsEquipment uk-bus:Original 2022-09-30 07384000 uk-core:FurnitureFittings uk-bus:Original 2022-09-30 07384000 uk-core:PlantMachinery uk-bus:Original 2022-09-30 07384000 uk-core:PlantMachinery uk-bus:Original 2023-09-30 07384000 uk-core:FurnitureFittings uk-bus:Original 2023-09-30 07384000 uk-core:ToolsEquipment uk-bus:Original 2023-09-30 07384000 3 uk-bus:Original uk-bus:Director2 2022-10-01 2023-09-30 07384000 3 uk-bus:Original uk-bus:Director2 2023-09-30 07384000 3 uk-bus:Original uk-bus:Director2 2022-09-30 iso4217:GBP xbrli:pure 07384000 uk-bus:AuditExemptWithAccountantsReport uk-bus:Original 2022-10-01 2023-09-30 07384000 uk-bus:FRS102 uk-bus:Original 2022-10-01 2023-09-30 07384000 uk-bus:FilletedAccounts uk-bus:Original 2022-10-01 2023-09-30 07384000 uk-bus:PrivateLimitedCompanyLtd uk-bus:Original 2022-10-01 2023-09-30
PR Associates Ltd
Registered Number:07384000
For the year ended 30 September 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 30 September 2023
PR Associates Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
07384000
As at 30 September 2023
PR Associates Ltd
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
15,881
14,067
2
15,881
14,067
Current assets
Trade and other receivables
174,917
462,183
3
19,655
Cash and cash equivalents
176,288
638,471
194,572
Trade and other payables: amounts falling due within one year
(94,508)
(223,087)
4
100,064
415,384
Net current assets
Total assets less current liabilities
431,265
114,131
(4,107)
(2,777)
Provisions for liabilities
427,158
Net assets
111,354
Capital and reserves
Called up share capital
2
2
Retained earnings
427,156
111,352
427,158
111,354
Shareholders' funds
For the year ended 30 September 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 of its financial statements for the year ended 30 September 2023 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.
Mr Keith Peter Ruff Director
These financial statements were approved and authorised for issue by the Board on 27 November 2023 and were signed by:
The notes form part of these financial statements
1 of 4
4
For the year ended 30 September 2023
PR Associates Ltd
Notes to the Financial Statements
Statutory Information
PR Associates Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number
07384000.
Principal place of business:
The Bank
Knighton on Teme
Tenbury Wells
Worcestershire
WR15 8LY
Registered address:
40 High Street
Pershore
Worcestershire
WR2 4XG
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:
Plant and machinery
25% Reducing balance
33% Straight line
Computer equipment
25% Reducing balance
Fixtures and fittings
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
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 30 September 2023
PR Associates Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
Plant and
machinery
£
£
£
£
Cost or valuation
At 01 October 2022
74,360
68,725
1,088
4,547
16,714
16,543
-
171
Additions
At 30 September 2023
4,718
1,088
85,268
91,074
Provision for depreciation and impairment
At 01 October 2022
60,293
56,574
908
2,811
Charge for year
14,900
14,378
45
477
At 30 September 2023
75,193
70,952
953
3,288
At 30 September 2023
Net book value
1,430
135
14,316
15,881
At 30 September 2022
1,736
180
12,151
14,067
3. Trade and other receivables
2022
2023
£
£
Trade debtors
134,747
55,707
Amounts owed by group undertakings and participating interests
75,896
68,580
Other debtors
251,540
50,630
174,917
462,183
4. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Trade creditors
2,417
20,286
Taxation and social security
216,442
72,017
Other creditors
4,228
2,205
223,087
94,508
5. Directors advances and guarantees
At 01/10/2022
Repaid
At 30/09/2023
£
£
£
Mr Richard Andrew Pill
Director loan account
-
53,739
53,739
-
53,739
53,739
3 of 4
6
For the year ended 30 September 2023
PR Associates Ltd
Notes to the Financial Statements Continued
6. Average number of persons employed
During the year the average number of employees was 12.
7. Transition to FRS 102
The principal accounting polices applied in the preparation of the financial statements are set out above. These policies have
been consistently applied to all the years presented, unless otherwise stated. No changes have arisen as a result of the
transition to Section 1A of Financial Reporting Standard 102.
4 of 4