Caseware UK (AP4) 2023.0.135 2023.0.135 2024-11-302024-11-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-12-01falseNo description of principal activity55truetrue 09324585 2023-12-01 2024-11-30 09324585 2022-12-01 2023-11-30 09324585 2024-11-30 09324585 2023-11-30 09324585 c:CompanySecretary1 2023-12-01 2024-11-30 09324585 c:Director1 2023-12-01 2024-11-30 09324585 c:RegisteredOffice 2023-12-01 2024-11-30 09324585 d:MotorVehicles 2023-12-01 2024-11-30 09324585 d:MotorVehicles 2024-11-30 09324585 d:MotorVehicles 2023-11-30 09324585 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 09324585 d:ComputerEquipment 2023-12-01 2024-11-30 09324585 d:ComputerEquipment 2024-11-30 09324585 d:ComputerEquipment 2023-11-30 09324585 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 09324585 d:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 09324585 d:CurrentFinancialInstruments 2024-11-30 09324585 d:CurrentFinancialInstruments 2023-11-30 09324585 d:Non-currentFinancialInstruments 2024-11-30 09324585 d:Non-currentFinancialInstruments 2023-11-30 09324585 d:CurrentFinancialInstruments d:WithinOneYear 2024-11-30 09324585 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 09324585 d:Non-currentFinancialInstruments d:AfterOneYear 2024-11-30 09324585 d:Non-currentFinancialInstruments d:AfterOneYear 2023-11-30 09324585 d:ShareCapital 2024-11-30 09324585 d:ShareCapital 2023-11-30 09324585 d:RetainedEarningsAccumulatedLosses 2024-11-30 09324585 d:RetainedEarningsAccumulatedLosses 2023-11-30 09324585 c:FRS102 2023-12-01 2024-11-30 09324585 c:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 09324585 c:FullAccounts 2023-12-01 2024-11-30 09324585 c:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 iso4217:GBP xbrli:pure
Company registration number: 09324585







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 NOVEMBER 2024


PRG DOOR SYSTEMS LIMITED






































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PRG DOOR SYSTEMS LIMITED
 


 
COMPANY INFORMATION


Director
P R Green 




Company secretary
T B Green



Registered number
09324585



Registered office
Richmond House
Walkern Road

Stevenage

Hertfordshire

SG1 3QP




Accountants
Menzies LLP
Chartered Accountants

Richmond House

Walkern Road

Stevenage

Hertfordshire

SG1 3QP





 


PRG DOOR SYSTEMS LIMITED
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 6


 


PRG DOOR SYSTEMS LIMITED
REGISTERED NUMBER:09324585



STATEMENT OF FINANCIAL POSITION
AS AT 30 NOVEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
55,540
74,776

  
55,540
74,776

Current assets
  

Debtors: amounts falling due within one year
 5 
118,139
156,642

Cash at bank and in hand
  
211,638
73,872

  
329,777
230,514

Creditors: amounts falling due within one year
 6 
(231,745)
(207,978)

Net current assets
  
 
 
98,032
 
 
22,536

Total assets less current liabilities
  
153,572
97,312

Creditors: amounts falling due after more than one year
 7 
-
(11,432)

Provisions for liabilities
  

Deferred tax
  
(13,835)
(18,694)

  
 
 
(13,835)
 
 
(18,694)

Net assets
  
139,737
67,186


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
139,637
67,086

  
139,737
67,186


Page 1

 


PRG DOOR SYSTEMS LIMITED
REGISTERED NUMBER:09324585


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 NOVEMBER 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
P R Green
Director

Date: 27 February 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 


PRG DOOR SYSTEMS LIMITED
 


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

1.


General information

PRG Door Systems 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.
The presentation currency of the financial statements is the Pound Sterling (£). 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 


PRG DOOR SYSTEMS LIMITED
 


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

2.Accounting policies (continued)

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line and reducing balance methods..

Depreciation is provided on the following basis:

Motor vehicles
-
25%
Reducing balance
Computer equipment
-
33%
Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 


PRG DOOR SYSTEMS LIMITED
 


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

2.Accounting policies (continued)

 
2.6

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the reporting date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Statement of Financial Position.

 
2.7

Financial instruments

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.


3.


Employees

The average monthly number of employees, including directors, during the year was 5 (2023 - 5).


4.


Tangible fixed assets





Motor vehicles
Computer equipment
Total

£
£
£



Cost or valuation


At 1 December 2023
93,177
3,249
96,426



At 30 November 2024

93,177
3,249
96,426



Depreciation


At 1 December 2023
19,123
2,527
21,650


Charge for the year
18,514
722
19,236



At 30 November 2024

37,637
3,249
40,886



Net book value



At 30 November 2024
55,540
-
55,540



At 30 November 2023
74,054
722
74,776

Page 5

 


PRG DOOR SYSTEMS LIMITED
 


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

5.


Debtors

2024
2023
£
£


Trade debtors
117,831
156,642

Other debtors
308
-

118,139
156,642



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
-
29,902

Corporation tax
52,973
17,490

Other taxation and social security
52,110
7,858

Obligations under finance lease and hire purchase contracts
11,432
15,610

Other creditors
78,997
136,118

Accruals and deferred income
36,233
1,000

231,745
207,978


Amounts payable under hire purchase contracts are secured against the assets concerned.


7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
-
11,432

-
11,432


Amounts payable under hire purchase contracts are secured against the assets concerned.


8.


Related party transactions

At the balance sheet date the company owed £76,785 (2023: £134,830) to the directors. The balance can be found within creditors due within one year. No interest is being charged on this loan.

 
Page 6