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REGISTERED NUMBER: 05435674 (England and Wales)















PRG UTILITIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024






PRG UTILITIES LIMITED (REGISTERED NUMBER: 05435674)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Statement of Financial Position 2 to 3

Notes to the Financial Statements 4 to 7


PRG UTILITIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: P J Griffiths





REGISTERED OFFICE: 4 Cornflower Way
Lincoln
Lincolnshire
LN6 9UP





REGISTERED NUMBER: 05435674 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
4 Henley Way
Doddington Road
Lincoln
Lincolnshire
LN6 3QR

PRG UTILITIES LIMITED (REGISTERED NUMBER: 05435674)

STATEMENT OF FINANCIAL POSITION
30 APRIL 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 19,860 26,488
Investments 5 105,156 105,156
125,016 131,644

CURRENT ASSETS
Debtors 6 14,547 5,859
Cash at bank 83,703 114,746
98,250 120,605
CREDITORS
Amounts falling due within one year 7 137,824 133,428
NET CURRENT LIABILITIES (39,574 ) (12,823 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

85,442

118,821

PROVISIONS FOR LIABILITIES 10,109 11,368
NET ASSETS 75,333 107,453

CAPITAL AND RESERVES
Called up share capital 8 1 1
Revaluation reserve 9 33,346 33,346
Retained earnings 41,986 74,106
SHAREHOLDERS' FUNDS 75,333 107,453

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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.

PRG UTILITIES LIMITED (REGISTERED NUMBER: 05435674)

STATEMENT OF FINANCIAL POSITION - continued
30 APRIL 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 August 2024 and were signed by:





P J Griffiths - Director


PRG UTILITIES LIMITED (REGISTERED NUMBER: 05435674)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

PRG Utilities 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Revenue
Revenue represents amounts charged to customers for goods and services provided during the year, excluding value added tax and trade discounts. Contracting turnover represents the value of work executed during the year, once attributable profit can be reliably measured.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost, 25% on reducing balance and 10% on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

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 statement of financial position date.


PRG UTILITIES LIMITED (REGISTERED NUMBER: 05435674)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

2. ACCOUNTING POLICIES - continued
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.

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.

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 the income statement in the period to which they relate.

Investment
Investments are a form of basic financial instrument and are initially recognised at their transaction value and subsequently measured at their fair value as at the financial position date using the closing quoted market price. The statement of financial activities includes the net gains and losses arising on revaluation and disposals throughout the year. Short term deposits represent investments in bank term deposits maturing within one year.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 May 2023
and 30 April 2024 83,028
DEPRECIATION
At 1 May 2023 56,540
Charge for year 6,628
At 30 April 2024 63,168
NET BOOK VALUE
At 30 April 2024 19,860
At 30 April 2023 26,488

PRG UTILITIES LIMITED (REGISTERED NUMBER: 05435674)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

5. FIXED ASSET INVESTMENTS
Other
investment
£   
COST OR VALUATION
At 1 May 2023
and 30 April 2024 105,156
NET BOOK VALUE
At 30 April 2024 105,156
At 30 April 2023 105,156

Cost or valuation at 30 April 2024 is represented by:

Other
investment
£   
Valuation in 2020 39,566
Valuation in 2021 6,862
Valuation in 2023 (4,261 )
Cost 62,989
105,156

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 11,190 4,275
Other debtors 3,357 1,584
14,547 5,859

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 1,673 1,186
Taxation and social security - 5,348
Other creditors 136,151 126,894
137,824 133,428

PRG UTILITIES LIMITED (REGISTERED NUMBER: 05435674)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
1 Ordinary shares £1 1 1

9. RESERVES
Revaluation
reserve
£   
At 1 May 2023
and 30 April 2024 33,346