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REGISTERED NUMBER: 04686251 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

PERRY & SON LTD

PERRY & SON LTD (REGISTERED NUMBER: 04686251)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PERRY & SON LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: P Williams





SECRETARY: Mrs T J Williams





REGISTERED OFFICE: 32 The Square
Gillingham
Dorset
SP8 4AR





REGISTERED NUMBER: 04686251 (England and Wales)





ACCOUNTANTS: Andrews and Palmer
Chartered Accountants
32 The Square
Gillingham
Dorset
SP8 4AR

PERRY & SON LTD (REGISTERED NUMBER: 04686251)

BALANCE SHEET
30 APRIL 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 85,490 58,717
85,490 58,717

CURRENT ASSETS
Stocks 5,322 6,821
Debtors 6 179,306 263,573
Cash at bank 50,156 2,022
234,784 272,416
CREDITORS
Amounts falling due within one year 7 265,174 322,106
NET CURRENT LIABILITIES (30,390 ) (49,690 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

55,100

9,027

CREDITORS
Amounts falling due after more than one year 8 (7,938 ) (16,334 )

PROVISIONS FOR LIABILITIES (13,817 ) (8,593 )
NET ASSETS/(LIABILITIES) 33,345 (15,900 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 33,245 (16,000 )
SHAREHOLDERS' FUNDS 33,345 (15,900 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

PERRY & SON LTD (REGISTERED NUMBER: 04686251)

BALANCE SHEET - continued
30 APRIL 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 30 January 2025 and were signed by:





P Williams - Director


PERRY & SON LTD (REGISTERED NUMBER: 04686251)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Perry & Son Ltd 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
On 11 March 2020 the World Health Organisation declared the coronavirus Covid-19 outbreak a pandemic. The Company has taken steps to mitigate this risk and has assessed expected cashflow and profitability for more than 12 months ahead.

The director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

Turnover
Turnover represents sales invoices raised for work done plus an adjustment for long-term contract revenues (see below), excluding value added tax and discounts given.
Turnover is recognised in the period in which goods and services are performed.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 5% on cost
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks and long-term contracts
In the case of long-term contracts, turnover represents the estimated contract revenues on work during the year. Contract revenues and profits are computed on the percentage of work completed method.

Long-term contract balances included in stocks comprise costs incurred on long-term contracts, net of amounts transferred to cost of sales, after deducting foreseeable losses and related payments on account. Costs include all direct material and labour costs incurred in bringing a contract to its state of completion at the year end, including an appropriate proportion of indirect expenses. Provisions for estimated losses on contracts are made in the period in which such losses are foreseen.

The excess of payments on account received over amounts recorded as turnover is classified under creditors due within one year. Amounts recoverable on contracts, being the amount by which recorded turnover is in excess of payments on account, is classified under debtors.

Other stocks are stated at the lower of cost and net realisable value. Provision is made for obsolete, slow moving or defective items where appropriate.


PERRY & SON LTD (REGISTERED NUMBER: 04686251)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
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 21 (2023 - 22 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 67,445
AMORTISATION
At 1 May 2023
and 30 April 2024 67,445
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

PERRY & SON LTD (REGISTERED NUMBER: 04686251)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

5. TANGIBLE FIXED ASSETS
Short Plant and Motor Computer
leasehold machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2023 12,521 92,265 96,768 18,558 220,112
Additions - 7,120 46,703 619 54,442
Disposals - - (28,276 ) - (28,276 )
At 30 April 2024 12,521 99,385 115,195 19,177 246,278
DEPRECIATION
At 1 May 2023 626 77,436 66,315 17,018 161,395
Charge for year 626 3,293 17,975 520 22,414
Eliminated on disposal - - (23,021 ) - (23,021 )
At 30 April 2024 1,252 80,729 61,269 17,538 160,788
NET BOOK VALUE
At 30 April 2024 11,269 18,656 53,926 1,639 85,490
At 30 April 2023 11,895 14,829 30,453 1,540 58,717

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 86,427 46,112
Long term contracts 45,243 21,648
Other debtors 878 1,458
Corporation tax 2,005 2,005
Prepayments and accrued income 3,909 3,266
Amounts recoverable on long-term contracts 40,844 189,084
179,306 263,573

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 8,810 70,321
Trade creditors 132,216 72,517
Corporation tax 6,337 366
Social security and other taxes 18,006 15,396
VAT 71,759 42,778
Other creditors 721 793
Directors' current accounts 12,157 12,557
Accrued expenses 15,168 107,378
265,174 322,106

PERRY & SON LTD (REGISTERED NUMBER: 04686251)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans - 1-2 years 7,318 8,408
Bank loans - 2-5 years 620 7,926
7,938 16,334

9. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Bank overdrafts 404 59,699

The company's bankers now hold a fixed and floating charge over the company assets. The director has also given a personal guarantee to the company's bank of £86,000 in total.

10. OTHER FINANCIAL COMMITMENTS

The company has an annual operating lease of £12,000 relating to the company's yard and offices.

11. RELATED PARTY DISCLOSURES

The company leases its offices and yard from the director, Mr P Williams and his brother Mr M Williams who is not part of the business, at an annual rental of £12,000.