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REGISTERED NUMBER: 06008194 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 DECEMBER 2022 TO 31 MARCH 2024

FOR

PRESTON DRYLINERS LIMITED

PRESTON DRYLINERS LIMITED (REGISTERED NUMBER: 06008194)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 DECEMBER 2022 TO 31 MARCH 2024




Page

Balance Sheet 1

Notes to the Financial Statements 2


PRESTON DRYLINERS LIMITED (REGISTERED NUMBER: 06008194)

BALANCE SHEET
31 MARCH 2024

31.3.24 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 141,855 148,844
Investments 6 2 2
141,857 148,846

CURRENT ASSETS
Debtors 7 510,709 620,383
Cash at bank 62,835 2,340
573,544 622,723
CREDITORS
Amounts falling due within one year 8 190,001 56,239
NET CURRENT ASSETS 383,543 566,484
TOTAL ASSETS LESS CURRENT
LIABILITIES

525,400

715,330

PROVISIONS FOR LIABILITIES 9 34,702 36,383
NET ASSETS 490,698 678,947

CAPITAL AND RESERVES
Called up share capital 10 102 102
Retained earnings 490,596 678,845
490,698 678,947

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 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.

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 16 September 2024 and were signed on its behalf by:



Mr G Smith - Director



Mr C Winstanley - Director


PRESTON DRYLINERS LIMITED (REGISTERED NUMBER: 06008194)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 DECEMBER 2022 TO 31 MARCH 2024

1. STATUTORY INFORMATION

Preston Dryliners Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 06008194

Registered office: Unit 7
233 Eldon Street
Ashton on Ribble
Preston
Lancashire
PR2 2BB

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


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Going Concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Preparation of consolidated financial statements
The financial statements contain information about Preston Dryliners Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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 - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 20% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.


PRESTON DRYLINERS LIMITED (REGISTERED NUMBER: 06008194)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 DECEMBER 2022 TO 31 MARCH 2024

3. ACCOUNTING POLICIES - continued
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.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance agreements are capitalised on 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 life or their lease term, whichever is shorter.

The interest element of these obligations is charged to the 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 13 (2022 - 13 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 December 2022 64,058 4,024 350,922 419,004
Additions 755 - 92,149 92,904
Disposals - - (56,276 ) (56,276 )
At 31 March 2024 64,813 4,024 386,795 455,632
DEPRECIATION
At 1 December 2022 54,562 4,024 211,574 270,160
Charge for period 3,102 - 69,968 73,070
Eliminated on disposal - - (29,453 ) (29,453 )
At 31 March 2024 57,664 4,024 252,089 313,777
NET BOOK VALUE
At 31 March 2024 7,149 - 134,706 141,855
At 30 November 2022 9,496 - 139,348 148,844

PRESTON DRYLINERS LIMITED (REGISTERED NUMBER: 06008194)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 DECEMBER 2022 TO 31 MARCH 2024

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 December 2022
and 31 March 2024 2
NET BOOK VALUE
At 31 March 2024 2
At 30 November 2022 2

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 30.11.22
£    £   
Trade debtors 96,143 65,684
Amounts owed by group undertakings - 286,523
Other debtors 414,566 268,176
510,709 620,383

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 30.11.22
£    £   
Trade creditors 2,502 4,672
Amounts owed to group undertakings 119,614 -
Taxation and social security 26,722 20,104
Other creditors 41,163 31,463
190,001 56,239

9. PROVISIONS FOR LIABILITIES
31.3.24 30.11.22
£    £   
Deferred tax 34,702 36,383

Deferred
tax
£   
Balance at 1 December 2022 36,383
Credit to Statement of Income and Retained Earnings during period (1,681 )
Balance at 31 March 2024 34,702

10. CALLED UP SHARE CAPITAL

The company has issued share capital of £102.

This consists of 47 Ordinary A shares of £1, 47 Ordinary B shares of £1, 1 Ordinary C share of £1, 1 Ordinary D share of £1, 1 Ordinary E share of £1, 1 Ordinary F share of £1, 1 Ordinary G share of £1, 1 Ordinary H share of £1, 1 Ordinary I share of £1, 1 Ordinary J share of £1.

PRESTON DRYLINERS LIMITED (REGISTERED NUMBER: 06008194)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 DECEMBER 2022 TO 31 MARCH 2024

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 31 March 2024 and the year ended 30 November 2022:

31.3.24 30.11.22
£    £   
Mr G Smith
Balance outstanding at start of period 162,551 285,356
Amounts advanced 325,185 162,551
Amounts repaid (162,551 ) (285,356 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 325,185 162,551

Mr C Winstanley
Balance outstanding at start of period 86,812 210,913
Amounts advanced 151,112 86,812
Amounts repaid (274,812 ) (210,913 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period (36,888 ) 86,812

Overdrawn balances are repaid within nine months of the balance sheet date. Interest is charged on overdrawn balances.

12. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.