REGISTERED NUMBER: |
Financial Statements |
for the period |
30th January 2023 to 31st January 2024 |
for |
P & R FINISHING LIMITED |
REGISTERED NUMBER: |
Financial Statements |
for the period |
30th January 2023 to 31st January 2024 |
for |
P & R FINISHING LIMITED |
P & R FINISHING LIMITED (REGISTERED NUMBER: 02622727) |
Contents of the Financial Statements |
for the period 30th January 2023 to 31st January 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
P & R FINISHING LIMITED |
Company Information |
for the period 30th January 2023 to 31st January 2024 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Certified Accountants |
1 Tower House |
Tower Centre |
Hoddesdon |
Hertfordshire |
EN11 8UR |
BANKERS: |
199 High Street |
Berkhamsted |
Hertfordshire |
HP4 1AW |
SOLICITORS: |
11 High Street |
Tring |
Hertfordshire |
HP23 5AL |
P & R FINISHING LIMITED (REGISTERED NUMBER: 02622727) |
Balance Sheet |
31st January 2024 |
31/1/24 | 29/1/23 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks | 5 |
Debtors | 6 |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CREDITORS |
Amounts falling due after more than one year | 8 | ( |
) | ( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET LIABILITIES | ( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital | 11 |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
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. |
P & R FINISHING LIMITED (REGISTERED NUMBER: 02622727) |
Balance Sheet - continued |
31st January 2024 |
The financial statements were approved by the Board of Directors and authorised for issue on |
P & R FINISHING LIMITED (REGISTERED NUMBER: 02622727) |
Notes to the Financial Statements |
for the period 30th January 2023 to 31st January 2024 |
1. | STATUTORY INFORMATION |
P & R FINISHING LIMITED is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
Plant and machinery | - |
Fixtures and fittings | - |
Motor vehicles | - |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
P & R FINISHING LIMITED (REGISTERED NUMBER: 02622727) |
Notes to the Financial Statements - continued |
for the period 30th January 2023 to 31st January 2024 |
4. | TANGIBLE FIXED ASSETS |
Fixtures |
Plant and | and | Motor |
machinery | fittings | vehicles | Totals |
£ | £ | £ | £ |
COST |
At 30th January 2023 |
and 31st January 2024 |
DEPRECIATION |
At 30th January 2023 |
Charge for period |
At 31st January 2024 |
NET BOOK VALUE |
At 31st January 2024 |
At 29th January 2023 |
Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows: |
Motor |
vehicles |
£ |
COST |
At 30th January 2023 |
DEPRECIATION |
Charge for period |
At 31st January 2024 |
NET BOOK VALUE |
At 31st January 2024 | ( |
) |
5. | STOCKS |
31/1/24 | 29/1/23 |
£ | £ |
Consumable stock |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/1/24 | 29/1/23 |
£ | £ |
Trade debtors |
Related Company: |
Kustom Koating (UK) Limited |
Directors' current accounts |
P & R FINISHING LIMITED (REGISTERED NUMBER: 02622727) |
Notes to the Financial Statements - continued |
for the period 30th January 2023 to 31st January 2024 |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/1/24 | 29/1/23 |
£ | £ |
Bank loans and overdrafts (see note 9) |
Trade creditors |
Social security and other taxes |
VAT |
Other creditors |
Directors' current accounts |
Accrued expenses |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31/1/24 | 29/1/23 |
£ | £ |
Bank loans (see note 9) |
9. | LOANS |
An analysis of the maturity of loans is given below: |
31/1/24 | 29/1/23 |
£ | £ |
Amounts falling due within one year or on demand: |
Bank overdrafts |
Bank loans |
Amounts falling due between one and two years: |
Bank loans - 1-2 years |
Amounts falling due between two and five years: |
Bank loans - 2-5 years |
10. | SECURED DEBTS |
The following secured debts are included within creditors: |
31/1/24 | 29/1/23 |
£ | £ |
Bank overdrafts |
The bank overdraft is secured by way of a personal guarantee from R Jerome a director of the company. |
P & R FINISHING LIMITED (REGISTERED NUMBER: 02622727) |
Notes to the Financial Statements - continued |
for the period 30th January 2023 to 31st January 2024 |
11. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31/1/24 | 29/1/23 |
value: | £ | £ |
'A' Ordinary | £1 | 24,112 | 24,112 |
'B' Ordinary | £1 | 13,396 | 13,396 |
'C' Ordinary | £1 | 5,358 | 5,358 |
'D' Ordinary | £1 | 10,716 | 10,716 |
53,582 | 53,582 |
12. | RELATED PARTY DISCLOSURES |
During the year the company was related to Kustom Koating (UK) Limited by way of common control. The amount owed by the related party is separately disclosed under the relevant note to the financial statements. |
13. | ULTIMATE CONTROLLING PARTY |
The controlling party is R Jerome. |