24 February 2023 false No description of principal activity Taxfiler 2024.5 14688192business:PrivateLimitedCompanyLtd2023-02-242024-02-29 146881922023-02-23 146881922023-02-242024-02-29 14688192business:AuditExemptWithAccountantsReport2023-02-242024-02-29 14688192business:FilletedAccounts2023-02-242024-02-29 146881922024-02-29 14688192business:Director12023-02-242024-02-29 14688192business:RegisteredOffice2023-02-242024-02-29 14688192core:WithinOneYear2024-02-29 14688192core:ShareCapitalcore:PreviouslyStatedAmount2024-02-29 14688192core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-02-29 14688192core:PreviouslyStatedAmount2024-02-29 14688192business:SmallEntities2023-02-242024-02-29 14688192countries:EnglandWales2023-02-242024-02-29 14688192core:MotorVehicles2023-02-242024-02-29 14688192core:ComputerEquipment2023-02-242024-02-29 14688192core:MotorVehicles2023-02-23 14688192core:ComputerEquipment2023-02-23 14688192core:MotorVehicles2024-02-29 14688192core:ComputerEquipment2024-02-29 14688192core:AcceleratedTaxDepreciationDeferredTax2024-02-29 14688192business:OrdinaryShareClass12023-02-242024-02-29 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 14688192 (England and Wales)
Pritchard PSV Ltd Unaudited accounts for the period from 24 February 2023 to 29 February 2024
Pritchard PSV Ltd Unaudited accounts Contents
Page
- 2 -
Pritchard PSV Ltd Company Information for the period from 24 February 2023 to 29 February 2024
Director
Robert Whiteley
Company Number
14688192 (England and Wales)
Registered Office
71 Woodland Avenue Wolverhampton WV6 8ND
Accountants
Nellys Accountants Ltd 71 Woodland Avenue Tettenhall Wood Wolverhampton West Midlands WV6 8ND
- 3 -
Pritchard PSV Ltd Statement of financial position as at 29 February 2024
2024 
Notes
£ 
Fixed assets
Tangible assets
10,128 
Current assets
Debtors
11,816 
Cash at bank and in hand
2,147 
13,963 
Creditors: amounts falling due within one year
(21,095)
Net current liabilities
(7,132)
Total assets less current liabilities
2,996 
Provisions for liabilities
Deferred tax
(2,578)
Net assets
418 
Capital and reserves
Called up share capital
1 
Profit and loss account
417 
Shareholders' funds
418 
For the period ending 29 February 2024 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 director acknowledges his 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 and authorised for issue on 25 August 2024 and were signed on its behalf by
Robert Whiteley Director Company Registration No. 14688192
- 4 -
Pritchard PSV Ltd Notes to the Accounts for the period from 24 February 2023 to 29 February 2024
1
Statutory information
Pritchard PSV Ltd is a private company, limited by shares, registered in England and Wales, registration number 14688192. The registered office is 71 Woodland Avenue, Wolverhampton, WV6 8ND.
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 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% reducing balance
Computer equipment
33% reducing balance
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
- 5 -
Pritchard PSV Ltd Notes to the Accounts for the period from 24 February 2023 to 29 February 2024
4
Tangible fixed assets
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 24 February 2023
- 
- 
- 
Additions
12,995 
573 
13,568 
At 29 February 2024
12,995 
573 
13,568 
Depreciation
Charge for the period
3,249 
191 
3,440 
At 29 February 2024
3,249 
191 
3,440 
Net book value
At 29 February 2024
9,746 
382 
10,128 
5
Debtors
2024 
£ 
Amounts falling due within one year
Other debtors
11,816 
6
Creditors: amounts falling due within one year
2024 
£ 
VAT
3,092 
Obligations under finance leases and hire purchase contracts
11,594 
Taxes and social security
6,109 
Accruals
300 
21,095 
7
Deferred taxation
2024 
£ 
Accelerated capital allowances
2,578 
2024 
£ 
Charged to the profit and loss account
2,578 
Provision at end of period
2,578 
8
Share capital
2024 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
9
Average number of employees
During the period the average number of employees was 1.
- 6 -