2023-10-01 07384000 2024-09-30 07384000 2023-10-01 2024-09-30 07384000 2023-09-30 07384000 2022-10-01 2023-09-30 07384000 uk-core:WithinOneYear 2023-09-30 07384000 uk-core:WithinOneYear 2024-09-30 07384000 uk-core:ShareCapital 2024-09-30 07384000 uk-core:ShareCapital 2023-09-30 07384000 uk-core:RetainedEarningsAccumulatedLosses 2024-09-30 07384000 uk-core:RetainedEarningsAccumulatedLosses 2023-09-30 07384000 uk-bus:Director1 2023-10-01 2024-09-30 07384000 uk-core:PlantMachinery 2023-10-01 2024-09-30 07384000 uk-core:ToolsEquipment 2023-10-01 2024-09-30 07384000 uk-core:FurnitureFittings 2023-10-01 2024-09-30 07384000 uk-core:ToolsEquipment 2023-09-30 07384000 uk-core:FurnitureFittings 2023-09-30 07384000 uk-core:PlantMachinery 2023-09-30 07384000 uk-core:PlantMachinery 2024-09-30 07384000 uk-core:FurnitureFittings 2024-09-30 07384000 uk-core:ToolsEquipment 2024-09-30 07384000 2 uk-bus:Director1 2023-10-01 2024-09-30 07384000 2 uk-bus:Director1 2024-09-30 07384000 2 uk-bus:Director1 2023-09-30 07384000 3 uk-bus:Director2 2023-10-01 2024-09-30 07384000 3 uk-bus:Director2 2024-09-30 07384000 3 uk-bus:Director2 2023-09-30 iso4217:GBP xbrli:pure 07384000 uk-bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 07384000 uk-bus:FRS102 2023-10-01 2024-09-30 07384000 uk-bus:FilletedAccounts 2023-10-01 2024-09-30 07384000 uk-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30
PR Associates Ltd
Registered Number:07384000
For the year ended 30 September 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 30 September 2024
PR Associates Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
07384000
As at 30 September 2024
PR Associates Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
9,801
15,881
2
9,801
15,881
Current assets
Trade and other receivables
462,183
184,650
3
176,288
Cash and cash equivalents
58,907
243,557
638,471
Trade and other payables: amounts falling due within one year
(223,087)
(43,265)
4
415,384
200,292
Net current assets
Total assets less current liabilities
210,093
431,265
(2,450)
(4,107)
Provisions for liabilities
207,643
Net assets
427,158
Capital and reserves
Called up share capital
2
2
Retained earnings
207,641
427,156
207,643
427,158
Shareholders' funds
For the year ended 30 September 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 of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Keith Peter Ruff Director
These financial statements were approved and authorised for issue by the Board on 21 February 2025 and were signed by:
The notes form part of these financial statements
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4
For the year ended 30 September 2024
PR Associates Ltd
Notes to the Financial Statements
Statutory Information
PR Associates Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number
07384000.
Principal place of business:
The Bank
Knighton on Teme
Tenbury Wells
Worcestershire
WR15 8LY
Registered address:
40 High Street
Pershore
Worcestershire
WR2 4XG
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting
Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
The financial statements have been prepared under the historical costs convention as modified by the revaluation of certain
assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
25% Reducing balance
33% Straight line
Computer equipment
25% Reducing balance
Fixtures and fittings
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
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5
For the year ended 30 September 2024
PR Associates Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
Plant and
machinery
£
£
£
£
Cost or valuation
At 01 October 2023
91,074
85,268
1,088
4,718
4,669
4,669
-
-
Additions
At 30 September 2024
4,718
1,088
89,937
95,743
Provision for depreciation and impairment
At 01 October 2023
75,193
70,952
953
3,288
Charge for year
10,749
10,358
33
358
At 30 September 2024
85,942
81,310
986
3,646
At 30 September 2024
Net book value
1,072
102
8,627
9,801
At 30 September 2023
1,430
135
14,316
15,881
3. Trade and other receivables
2023
2024
£
£
Trade debtors
15,477
134,747
Amounts owed by group undertakings and participating interests
72,726
75,896
Other debtors
96,447
251,540
462,183
184,650
4. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Trade creditors
18,740
2,417
Taxation and social security
20,951
216,442
Other creditors
3,574
4,228
43,265
223,087
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6
For the year ended 30 September 2024
PR Associates Ltd
Notes to the Financial Statements Continued
5. Directors advances and guarantees
At 01/10/2023
Repaid
At 30/09/2024
£
£
£
Mr Keith Peter Ruff
Director's loan
-
93,165
93,165
-
93,165
93,165
Mr Richard Andrew Pill
Director loan account
48,705
151,187
102,482
48,705
151,187
102,482
6. Average number of persons employed
During the year the average number of employees was 12.
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