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REGISTERED NUMBER: 03530119 (England and Wales)















O'BRIEN & PRICE (STROUD) LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST AUGUST 2024






O'BRIEN & PRICE (STROUD) LIMITED (REGISTERED NUMBER: 03530119)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


O'BRIEN & PRICE (STROUD) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST AUGUST 2024







DIRECTORS: K R R Topp
J C Topp





SECRETARY: K R R Topp





REGISTERED OFFICE: Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU





REGISTERED NUMBER: 03530119 (England and Wales)





ACCOUNTANTS: Green & Co
Chartered Certified Accountants
Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU

O'BRIEN & PRICE (STROUD) LIMITED (REGISTERED NUMBER: 03530119)

BALANCE SHEET
31ST AUGUST 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 421,038 420,405

CURRENT ASSETS
Debtors 5 23,129 22,921
Cash at bank 18,257 36,867
41,386 59,788
CREDITORS
Amounts falling due within one year 6 279,535 242,557
NET CURRENT LIABILITIES (238,149 ) (182,769 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

182,889

237,636

CREDITORS
Amounts falling due after more than one
year

7

(74,369

)

(100,388

)

PROVISIONS FOR LIABILITIES (971 ) (992 )
NET ASSETS 107,549 136,256

CAPITAL AND RESERVES
Called up share capital 8 200 200
Capital redemption reserve 1 1
Retained earnings 107,348 136,055
SHAREHOLDERS' FUNDS 107,549 136,256

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 2024 in accordance with Section 476 of the Companies Act 2006.

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.

O'BRIEN & PRICE (STROUD) LIMITED (REGISTERED NUMBER: 03530119)

BALANCE SHEET - continued
31ST AUGUST 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 Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25th February 2025 and were signed on its behalf by:





J C Topp - Director


O'BRIEN & PRICE (STROUD) LIMITED (REGISTERED NUMBER: 03530119)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2024

1. STATUTORY INFORMATION

O'Brien & Price (Stroud) 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.

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 each asset over its estimated useful life.
Freehold property - Not provided
Plant and machinery - 25% on cost
Fixtures and fittings - 6% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss, 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.

O'BRIEN & PRICE (STROUD) LIMITED (REGISTERED NUMBER: 03530119)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2024

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1st September 2023 415,427 11,182 6,958 433,567
Additions 502 166 896 1,564
At 31st August 2024 415,929 11,348 7,854 435,131
DEPRECIATION
At 1st September 2023 - 10,330 2,832 13,162
Charge for year - 568 363 931
At 31st August 2024 - 10,898 3,195 14,093
NET BOOK VALUE
At 31st August 2024 415,929 450 4,659 421,038
At 31st August 2023 415,427 852 4,126 420,405

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 17,235 17,544
Prepayments 5,894 5,377
23,129 22,921

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 25,640 25,261
Trade creditors 2,628 -
Corporation Tax 5,589 10,714
VAT 8,219 15,306
Other creditors - 16
Directors' current accounts 213,448 173,638
Accrued expenses 24,011 17,622
279,535 242,557

O'BRIEN & PRICE (STROUD) LIMITED (REGISTERED NUMBER: 03530119)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans - 2-5 years 74,369 100,388

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100
50 Ordinary A £1 50 50
50 Ordinary B £1 50 50
200 200

9. RELATED PARTY DISCLOSURES

At the year end the company owed the directors J C Topp £121,435 (2023: £98,695) and K R R Topp £92,013 (2023: £74,943).