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REGISTERED NUMBER: 01210568 (England and Wales)











FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

PRIORY ENVIRONMENTAL SERVICES LIMITED

PRIORY ENVIRONMENTAL SERVICES LIMITED (REGISTERED NUMBER: 01210568)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PRIORY ENVIRONMENTAL SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: B Kennedy
S Kennedy





REGISTERED OFFICE: Priory House
479 Godstone Road
Whyteleafe
Surrey
CR3 0BL





REGISTERED NUMBER: 01210568 (England and Wales)





AUDITORS: Sargeant Partnership LLP
Chartered Accountants
and Statutory Auditors
5 White Oak Square
London Road
Swanley
Kent
BR8 7AG

PRIORY ENVIRONMENTAL SERVICES LIMITED (REGISTERED NUMBER: 01210568)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 742 1,020

CURRENT ASSETS
Debtors 5 366,825 316,357
Cash at bank 36,965 14,515
403,790 330,872
CREDITORS
Amounts falling due within one year 6 178,153 166,084
NET CURRENT ASSETS 225,637 164,788
TOTAL ASSETS LESS CURRENT
LIABILITIES

226,379

165,808

PROVISIONS FOR LIABILITIES 7 186 194
NET ASSETS 226,193 165,614

CAPITAL AND RESERVES
Called up share capital 8 10,000 10,000
Retained earnings 9 216,193 155,614
SHAREHOLDERS' FUNDS 226,193 165,614

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 Board of Directors and authorised for issue on 31 January 2025 and were signed on its behalf by:





S Kennedy - Director


PRIORY ENVIRONMENTAL SERVICES LIMITED (REGISTERED NUMBER: 01210568)

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

1. STATUTORY INFORMATION

Priory Environmental Services 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.

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.

Preparation of consolidated financial statements
The financial statements contain information about Priory Environmental Services Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, Priory Group Holdings Limited (Formerly B.K. Limited), Priory House, 479 Godstone Road, Whyteleafe, Surrey, CR3 0BL.

Critical accounting judgements and key sources of estimation uncertainty
In the application of the group's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

There are no estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities in these accounts.

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
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 25% per annum on reducing balance


PRIORY ENVIRONMENTAL SERVICES LIMITED (REGISTERED NUMBER: 01210568)

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.

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.

Functional currency
The functional currency of the Company is the Great British Pound ("GBP "). And the figures are shown to the nearest pound.

Cash and cash equivalents
Cash and cash equivalents in the balance sheet comprise cash at banks and in hand and short-term deposits with an original maturity date of three months or less.

Trade debtors & creditors

Trade Debtors

Trade Debtors are amounts due from customers for services performed or goods sold in the ordinary course of the business.

Trade Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of the business from suppliers. Accounts payable are classified as current liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

PRIORY ENVIRONMENTAL SERVICES LIMITED (REGISTERED NUMBER: 01210568)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 May 2023
and 30 April 2024 1,113
DEPRECIATION
At 1 May 2023 93
Charge for year 278
At 30 April 2024 371
NET BOOK VALUE
At 30 April 2024 742
At 30 April 2023 1,020

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 203,116 153,380
Amounts owed by group undertakings 144,369 50,132
Amounts owed by associates - 42,186
Other debtors 19,340 70,659
366,825 316,357

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 143,546 132,761
Amounts owed to associates 1,371 -
Taxation and social security 26,375 25,451
Other creditors 6,861 7,872
178,153 166,084

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 186 194

PRIORY ENVIRONMENTAL SERVICES LIMITED (REGISTERED NUMBER: 01210568)

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

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 May 2023 194
Deferred Tax Movement (8 )
Balance at 30 April 2024 186

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
10,000 Ordinary shares £1 10,000 10,000

9. RESERVES
Retained
earnings
£   

At 1 May 2023 155,614
Profit for the year 60,579
At 30 April 2024 216,193

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Joanne Brown (Senior Statutory Auditor)
for and on behalf of Sargeant Partnership LLP

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The company owed director B Kennedy £NIL (2023: £936) at the year end.

The company owed director S Kennedy £NIL (2023: £936) at the year end.

12. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

PRIORY ENVIRONMENTAL SERVICES LIMITED (REGISTERED NUMBER: 01210568)

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

13. ULTIMATE CONTROLLING PARTY

The company's immediate and ultimate parent company is Priory Group Holdings Limited (Formerly B.K. Limited). The ultimate controlling parties are Mr B Kennedy and Mr S Kennedy by virtue of their shareholdings in Priory Group Holdings Limited (incorporated in England and Wales).