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REGISTERED NUMBER: 02348432 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 January 2024

for

RON PERRY (A19 TEST & TUNE) LIMITED

RON PERRY (A19 TEST & TUNE) LIMITED (REGISTERED NUMBER: 02348432)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4

Accountants' Report 9

RON PERRY (A19 TEST & TUNE) LIMITED

Company Information
for the Year Ended 31 January 2024







Directors: R C Perry
L A Perry
R D Perry
A M R Cowan





Secretary: A M R Cowan





Registered office: A19 Test and Tune
Elwick
Hartlepool
Cleveland
TS27 3HH





Registered number: 02348432 (England and Wales)





Accountants: Mitchell Gordon LLP
43 Coniscliffe Road
Darlington
Co. Durham
DL3 7EH

RON PERRY (A19 TEST & TUNE) LIMITED (REGISTERED NUMBER: 02348432)

Abridged Balance Sheet
31 January 2024

31/1/24 31/1/23
Notes £    £    £    £   
Fixed assets
Intangible assets 4 - -
Tangible assets 5 1,672,745 1,374,976
1,672,745 1,374,976

Current assets
Stocks 33,423 18,275
Debtors 6 622,195 582,953
Cash at bank 64,757 89,484
720,375 690,712
Creditors
Amounts falling due within one year 957,623 935,891
Net current liabilities (237,248 ) (245,179 )
Total assets less current liabilities 1,435,497 1,129,797

Creditors
Amounts falling due after more than one
year

7

(502,898

)

(311,428

)

Provisions for liabilities (214,192 ) (143,176 )
Net assets 718,407 675,193

Capital and reserves
Called up share capital 31,000 31,000
Revaluation reserve 9 149,222 301,398
Retained earnings 538,185 342,795
Shareholders' funds 718,407 675,193

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

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

RON PERRY (A19 TEST & TUNE) LIMITED (REGISTERED NUMBER: 02348432)

Abridged Balance Sheet - continued
31 January 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 January 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 October 2024 and were signed on its behalf by:





R C Perry - Director


RON PERRY (A19 TEST & TUNE) LIMITED (REGISTERED NUMBER: 02348432)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Ron Perry (A19 Test & Tune) 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.

The financial statements have been prepared under the going concern basis of accounting.

Turnover
Turnover represents the value of work carried out during the year including amounts not yet invoiced, excluding value added tax. Income is being recognised according to the stage of completion of work done.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2002, was amortised evenly over its estimated life of five years.

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.
Freehold property - not provided
Plant and machinery - at varying rates on cost
Fixtures and fittings - 33% on cost, 20% on cost and 20% on reducing balance
Motor vehicles - 15% on reducing balance

No depreciation is being provided on freehold property as the company's properties are kept in a very good condition, with such expenditure for repairs and maintenance being charged to the profit and loss account as incurred.

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

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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.


RON PERRY (A19 TEST & TUNE) LIMITED (REGISTERED NUMBER: 02348432)

Notes to the Financial Statements - continued
for the Year Ended 31 January 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 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.

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.

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 27 (2023 - 19 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2023
and 31 January 2024 204,452
AMORTISATION
At 1 February 2023
and 31 January 2024 204,452
NET BOOK VALUE

At 31 January 2024 -
At 31 January 2023 -

RON PERRY (A19 TEST & TUNE) LIMITED (REGISTERED NUMBER: 02348432)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

5. TANGIBLE FIXED ASSETS
Totals
£   
COST OR VALUATION
At 1 February 2023 1,602,666
Additions 581,064
Disposals (33,995 )
Revaluations (133,404 )
At 31 January 2024 2,016,331
DEPRECIATION
At 1 February 2023 227,690
Charge for year 131,356
Eliminated on disposal (15,460 )
At 31 January 2024 343,586
NET BOOK VALUE
At 31 January 2024 1,672,745
At 31 January 2023 1,374,976

Cost or valuation at 31 January 2024 is represented by:

Totals
£   
Valuation in 1997 29,723
Valuation in 2000 5,000
Valuation in 2002 (5,644 )
Valuation in 2004 45,000
Valuation in 2005 50,000
Valuation in 2008 75,000
Valuation in 2013 (80,000 )
Valuation in 2019 93,200
Valuation in 2022 70,347
Valuation in 2024 (133,404 )
Cost 1,867,109
2,016,331

If tangible fixed assets had not been revalued they would have been included at the following historical cost:

31/1/24 31/1/23
£    £   
Cost 1,867,109 1,313,156
Aggregate depreciation 343,587 227,690

RON PERRY (A19 TEST & TUNE) LIMITED (REGISTERED NUMBER: 02348432)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST OR VALUATION
At 1 February 2023 666,785
Additions 402,173
Transfer to ownership (270,063 )
At 31 January 2024 798,895
DEPRECIATION
At 1 February 2023 141,138
Charge for year 87,136
Transfer to ownership (103,075 )
At 31 January 2024 125,199
NET BOOK VALUE
At 31 January 2024 673,696
At 31 January 2023 525,647

6. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/1/24 31/1/23
£    £   
Amounts owed by group undertakings - 257,485

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
31/1/24 31/1/23
£    £   
Repayable by instalments
Bank loan over 5 years 8,665 14,962

8. SECURED DEBTS

The following secured debts are included within creditors:

31/1/24 31/1/23
£    £   
Bank loans 38,432 43,872
Hire purchase contracts 613,422 383,685
651,854 427,557

Bank loans and overdrafts are secured by an all assets security agreement.

Other loans are secured by fixed and floating charge over the company's assets.

Hire purchase creditors are secured on the assets to which they relate.

RON PERRY (A19 TEST & TUNE) LIMITED (REGISTERED NUMBER: 02348432)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

9. RESERVES
Revaluation
reserve
£   
At 1 February 2023 301,398
Fixed assets revaluation (133,404 )
Deferred tax transfer (18,772 )

At 31 January 2024 149,222

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2024 and 31 January 2023:

31/1/24 31/1/23
£    £   
R C Perry
Balance outstanding at start of year - -
Amounts advanced 254 575
Amounts repaid (254 ) (575 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

The above advances are interest free and repayable upon demand.

Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Ron Perry (A19 Test & Tune) Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Ron Perry (A19 Test & Tune) Limited for the year ended 31 January 2024 which comprise the Abridged Income Statement, Abridged Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Ron Perry (A19 Test & Tune) Limited, as a body, in accordance with the terms of our engagement letter dated 11 April 2024. Our work has been undertaken solely to prepare for your approval the financial statements of Ron Perry (A19 Test & Tune) Limited and state those matters that we have agreed to state to the Board of Directors of Ron Perry (A19 Test & Tune) Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Ron Perry (A19 Test & Tune) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Ron Perry (A19 Test & Tune) Limited. You consider that Ron Perry (A19 Test & Tune) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Ron Perry (A19 Test & Tune) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Mitchell Gordon LLP
43 Coniscliffe Road
Darlington
Co. Durham
DL3 7EH


15 October 2024