Company Registration No. 11597426 (England and Wales)
Pro Drylining Finish Ltd
Unaudited accounts
for the year ended 31 October 2024
Pro Drylining Finish Ltd
Unaudited accounts
Contents
Pro Drylining Finish Ltd
Company Information
for the year ended 31 October 2024
Company Number
11597426 (England and Wales)
Registered Office
118 Hawthorn Avenue
Hull
East Yorkshire
HU3 5PY
England
Accountants
Kendall Accountancy Services Limited
2 Exeter Street
New Village Road
Cottingham
East Yorkshire
HU16 4LU
Pro Drylining Finish Ltd
Statement of financial position
as at 31 October 2024
Intangible assets
750
1,250
Tangible assets
27,520
12,346
Cash at bank and in hand
51,672
70,734
Creditors: amounts falling due within one year
(7,610)
(18,821)
Net current assets
51,962
58,327
Total assets less current liabilities
80,232
71,923
Provisions for liabilities
Deferred tax
(5,229)
(2,345)
Called up share capital
1
1
Profit and loss account
75,002
69,577
Shareholders' funds
75,003
69,578
For the year ending 31 October 2024 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 22 November 2024 and were signed on its behalf by
Mr K A Mocarski
Director
Company Registration No. 11597426
Pro Drylining Finish Ltd
Notes to the Accounts
for the year ended 31 October 2024
Pro Drylining Finish Ltd is a private company, limited by shares, registered in England and Wales, registration number 11597426. The registered office is 118 Hawthorn Avenue, Hull, East Yorkshire, HU3 5PY, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% cost
Fixtures & fittings
25% cost
Computer equipment
25% cost
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Pro Drylining Finish Ltd
Notes to the Accounts
for the year ended 31 October 2024
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 November 2023
8,169
9,500
378
888
18,935
Additions
1,359
18,000
-
-
19,359
At 31 October 2024
9,528
27,500
378
888
38,294
At 1 November 2023
1,639
4,636
154
160
6,589
Charge for the year
1,681
2,187
38
279
4,185
At 31 October 2024
3,320
6,823
192
439
10,774
At 31 October 2024
6,208
20,677
186
449
27,520
At 31 October 2023
6,530
4,864
224
728
12,346
Amounts falling due within one year
Pro Drylining Finish Ltd
Notes to the Accounts
for the year ended 31 October 2024
7
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
6,844
9,560
Loans from directors
766
8,773
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).