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Registered number: 01431484

HUGH PRICHARD & CO (NOTTINGHAM) LTD

ACCOUNTS
FOR THE YEAR ENDED 31/12/2023

Prepared By:
Primus Accounting Ltd
896 Woodborough Road
Nottingham
NG3 5QR

HUGH PRICHARD & CO (NOTTINGHAM) LTD

ACCOUNTS
FOR THE YEAR ENDED 31/12/2023
DIRECTORS
HERBAJAN SINGH
REGISTERED OFFICE
UNIT 1, PRICHARD FACTORY
THIRD AVE, GREASLEY STREET
NOTTINGHAM
NG6 8NG
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 01431484
ACCOUNTANTS
Primus Accounting Ltd
896 Woodborough Road
Nottingham
NG3 5QR

HUGH PRICHARD & CO (NOTTINGHAM) LTD

ACCOUNTS
FOR THEYEARENDED31/12/2023
CONTENTS
Page
Directors' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

HUGH PRICHARD & CO (NOTTINGHAM) LTD

BALANCE SHEET AT 31/12/2023
20232022
Notes££
FIXED ASSETS
Tangible assets32,5593,412
CURRENT ASSETS
Stock24,43349,386
Debtors6371,147376,393
Cash at bank and in hand8,98830,736
404,568456,515
CREDITORS: Amounts falling due within one year7309,556326,039
NET CURRENT ASSETS95,012130,476
TOTAL ASSETS LESS CURRENT LIABILITIES97,571133,888
CAPITAL AND RESERVES
Called up share capital830,00030,000
Profit and loss account67,571103,888
SHAREHOLDERS' FUNDS97,571133,888
For the year ending 31/12/2023 the company was entitled to exemption 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 directors acknowledge their 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 14/10/2024 and signed on their behalf by
.............................
HERBAJAN SINGH
Director

HUGH PRICHARD & CO (NOTTINGHAM) LTD

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/12/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machinerystraight line 10%
Equipmentstraight line 25%
1c. Investment Properties
Investment properties are included in the financial statements at open market value. No depreciation is provided on such property in compliance with the Financial Reporting Standard for Smaller Entities. This departure from Companies Act requirements is necessary to show a true and fair view.
1d. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1e. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.

HUGH PRICHARD & CO (NOTTINGHAM) LTD

2. EMPLOYEES
20232022
No.No.
Average number of employees33
3. TANGIBLE FIXED ASSETS
Plant andFixtures
Machineryand FittingsEquipmentTotal
££££
Cost
At 01/01/202330,99817,8733,41252,283
At 31/12/202330,99817,8733,41252,283
Depreciation
At 01/01/202330,99817,873-48,871
For the year--853853
At 31/12/202330,99817,87385349,724
Net Book Amounts
At 31/12/2023--2,5592,559
At 31/12/2022--3,4123,412
4. INVESTMENT PROPERTIES
Fair value
At 31/12/2023
5. STOCK 20232022
££
Stock comprises:
Stock24,43349,386
24,43349,386

HUGH PRICHARD & CO (NOTTINGHAM) LTD

6. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors7,0467,811
VAT-4,481
Other debtors330,000330,000
Amounts due from group companies34,10134,101
371,147376,393
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
VAT802-
Directors current account295,631294,561
Trade creditors12,11331,478
Other creditors1,010-
309,556326,039
8. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
30000 Ordinary shares of £1 each3000030000
30,00030,000