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REGISTERED NUMBER: 03678698 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 JANUARY 2023 TO 30 JUNE 2024

FOR

G. PRIESTNALL & SONS LIMITED

G. PRIESTNALL & SONS LIMITED (REGISTERED NUMBER: 03678698)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JANUARY 2023 TO 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


G. PRIESTNALL & SONS LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 JANUARY 2023 TO 30 JUNE 2024







DIRECTORS: Mr S J Priestnall
Mr N Priestnall





SECRETARY: Mr S J Priestnall





REGISTERED OFFICE: 329 London Road
Hazel Grove
Stockport
Cheshire
SK7 4PS





REGISTERED NUMBER: 03678698 (England and Wales)





ACCOUNTANTS: Allens Accountants Limited
Chartered Accountants
123 Wellington Road South
Stockport
Cheshire
SK1 3TH

G. PRIESTNALL & SONS LIMITED (REGISTERED NUMBER: 03678698)

BALANCE SHEET
30 JUNE 2024

30/6/24 31/12/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 1,252

CURRENT ASSETS
Debtors 5 23,104 669,284
Cash at bank and in hand 62,329 39,391
85,433 708,675
CREDITORS
Amounts falling due within one year 6 76,918 561,733
NET CURRENT ASSETS 8,515 146,942
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,515

148,194

PROVISIONS FOR LIABILITIES 7 - (238 )

ACCRUALS AND DEFERRED INCOME - (27,193 )
NET ASSETS 8,515 120,763

CAPITAL AND RESERVES
Called up share capital 8 102 102
Retained earnings 8,413 120,661
SHAREHOLDERS' FUNDS 8,515 120,763

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

G. PRIESTNALL & SONS LIMITED (REGISTERED NUMBER: 03678698)

BALANCE SHEET - continued
30 JUNE 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 July 2024 and were signed on its behalf by:





Mr S J Priestnall - Director


G. PRIESTNALL & SONS LIMITED (REGISTERED NUMBER: 03678698)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JANUARY 2023 TO 30 JUNE 2024

1. STATUTORY INFORMATION

G. Priestnall & Sons 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 represents the amount derived from the provision of goods and services stated net of value added tax

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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.

Hire purchase and leasing commitments
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 period was 6 (2022 - 7 ) .

G. PRIESTNALL & SONS LIMITED (REGISTERED NUMBER: 03678698)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2023 TO 30 JUNE 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 21,586
Additions 495
Disposals (22,081 )
At 30 June 2024 -
DEPRECIATION
At 1 January 2023 20,334
Charge for period 437
Eliminated on disposal (20,771 )
At 30 June 2024 -
NET BOOK VALUE
At 30 June 2024 -
At 31 December 2022 1,252

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/24 31/12/22
£    £   
Trade debtors 22,930 578,018
Other debtors 174 91,266
23,104 669,284

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/24 31/12/22
£    £   
Trade creditors 19,117 441,506
Taxation and social security 10,064 39,952
Other creditors 47,737 80,275
76,918 561,733

7. PROVISIONS FOR LIABILITIES
30/6/24 31/12/22
£    £   
Deferred tax - 238

Deferred
tax
£   
Balance at 1 January 2023 238
Credit to Statement of Income and Retained Earnings during period (238 )
Balance at 30 June 2024 -

G. PRIESTNALL & SONS LIMITED (REGISTERED NUMBER: 03678698)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2023 TO 30 JUNE 2024

7. PROVISIONS FOR LIABILITIES - continued

Deferred tax arises as a result of accelerated capital allowances on fixed assets.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
2024 2022
£    £   
32 Ordinary 'A' shares of £0.50 each 16 16
50 Ordinary 'B' shares of £0.50 each 25 25
70 Ordinary 'C' shares of £0.50 each 35 35
12 Ordinary 'D' shares of £0.50 each 6 6
40 Ordinary 'E' shares of £0.50 each 20 20
102 102