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REGISTERED NUMBER: 08451330 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

P R JUNIOR LIMITED

P R JUNIOR LIMITED (REGISTERED NUMBER: 08451330)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


P R JUNIOR LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTOR: P Richards





REGISTERED OFFICE: Hayes Road
Cadishead
Manchester
M44 5BU





REGISTERED NUMBER: 08451330 (England and Wales)





ACCOUNTANTS: Connaughton & Co
2nd Floor, Boulton House
17-21 Chorlton Street
Manchester
M1 3HY

P R JUNIOR LIMITED (REGISTERED NUMBER: 08451330)

BALANCE SHEET
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 806,422 864,144

CURRENT ASSETS
Stocks 50,000 50,000
Debtors 5 143,935 241,209
Cash at bank 241,915 81,916
435,850 373,125
CREDITORS
Amounts falling due within one year 6 542,761 473,663
NET CURRENT LIABILITIES (106,911 ) (100,538 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

699,511

763,606

CREDITORS
Amounts falling due after more than one year 7 (305,536 ) (317,529 )

PROVISIONS FOR LIABILITIES 10 (63,420 ) (63,255 )
NET ASSETS 330,555 382,822

CAPITAL AND RESERVES
Called up share capital 11 1 1
Retained earnings 12 330,554 382,821
SHAREHOLDERS' FUNDS 330,555 382,822

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

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

P R JUNIOR LIMITED (REGISTERED NUMBER: 08451330)

BALANCE SHEET - continued
31 March 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 1 October 2024 and were signed by:





P Richards - Director


P R JUNIOR LIMITED (REGISTERED NUMBER: 08451330)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

P R Junior 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 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 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.

P R JUNIOR LIMITED (REGISTERED NUMBER: 08451330)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in 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 lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to 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.

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 year was 7 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 April 2023 3,000 947,316 187
Additions - 50,000 -
Disposals - (401,500 ) -
At 31 March 2024 3,000 595,816 187
DEPRECIATION
At 1 April 2023 750 257,714 108
Charge for year 564 107,171 20
Eliminated on disposal - (182,530 ) -
At 31 March 2024 1,314 182,355 128
NET BOOK VALUE
At 31 March 2024 1,686 413,461 59
At 31 March 2023 2,250 689,602 79

P R JUNIOR LIMITED (REGISTERED NUMBER: 08451330)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 285,378 500 1,236,381
Additions 348,600 - 398,600
Disposals (194,912 ) - (596,412 )
At 31 March 2024 439,066 500 1,038,569
DEPRECIATION
At 1 April 2023 113,376 289 372,237
Charge for year 52,089 52 159,896
Eliminated on disposal (117,456 ) - (299,986 )
At 31 March 2024 48,009 341 232,147
NET BOOK VALUE
At 31 March 2024 391,057 159 806,422
At 31 March 2023 172,002 211 864,144

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2023 770,632 215,378 986,010
Additions - 348,600 348,600
Disposals (278,500 ) (124,912 ) (403,412 )
At 31 March 2024 492,132 439,066 931,198
DEPRECIATION
At 1 April 2023 195,020 74,876 269,896
Charge for year 89,653 48,322 137,975
Eliminated on disposal - (75,189 ) (75,189 )
At 31 March 2024 284,673 48,009 332,682
NET BOOK VALUE
At 31 March 2024 207,459 391,057 598,516
At 31 March 2023 575,612 140,502 716,114

P R JUNIOR LIMITED (REGISTERED NUMBER: 08451330)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

5. DEBTORS
31.3.24 31.3.23
£    £   
Amounts falling due within one year:
Trade debtors 119,203 167,946
Other debtors 1 1
Directors' current accounts - 37,633
Tax 76 76
VAT - 24,227
Prepayments 24,579 11,250
143,859 241,133

Amounts falling due after more than one year:
Tax 76 76

Aggregate amounts 143,935 241,209

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts (see note 8) 10,200 9,708
Other loans (see note 8) 31,255 32,276
Hire purchase contracts 246,868 253,845
Trade creditors 167,946 153,779
Tax 80 -
Social security and other taxes 6,040 5,927
VAT 66,440 -
Other creditors 8,380 1,635
Directors' current accounts 552 -
Accrued expenses 5,000 16,493
542,761 473,663

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans (see note 8) 13,141 23,629
Hire purchase contracts 292,395 293,900
305,536 317,529

P R JUNIOR LIMITED (REGISTERED NUMBER: 08451330)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

8. LOANS

An analysis of the maturity of loans is given below:

31.3.24 31.3.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 10,200 9,708
Other loans 31,255 32,276
41,455 41,984

Amounts falling due between one and two years:
Bank loans - 1-2 years 10,448 9,957

Amounts falling due between two and five years:
Bank loans - 2-5 years 2,693 13,672

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Other loans 31,255 32,276
Hire purchase contracts 539,263 547,745
570,518 580,021

The other loan is secured by a first legal mortgage containing a fixed and floating charge over the assets of the company.

10. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 63,420 63,255

Deferred
tax
£   
Balance at 1 April 2023 63,255
Accelerated capital allowances 165
Balance at 31 March 2024 63,420

P R JUNIOR LIMITED (REGISTERED NUMBER: 08451330)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
1 Ordinary £1 1 1

12. RESERVES
Retained
earnings
£   

At 1 April 2023 382,821
Deficit for the year (1,267 )
Dividends (51,000 )
At 31 March 2024 330,554