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REGISTERED NUMBER: 02405904 (England and Wales)















P.A.R. (Insulations and Wires) Limited

Unaudited Financial Statements

For The Year Ended 30 September 2024






P.A.R. (Insulations and Wires) Limited (Registered number: 02405904)






Contents of the Financial Statements
For The Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 8

P.A.R. (Insulations and Wires) Limited

Company Information
For The Year Ended 30 September 2024







DIRECTORS: R A Hirst
P M Hirst





SECRETARY: P M Hirst





REGISTERED OFFICE: Foxwood Close
Foxwood Industrial Park
Sheepbridge
Chesterfield
S41 9RB





REGISTERED NUMBER: 02405904 (England and Wales)





ACCOUNTANTS: Roddis Taylor Robinson
Chartered Accountants
Unit 6, Acorn Business Park
Woodseats Close
Sheffield
South Yorkshire
S8 0TB

P.A.R. (Insulations and Wires) Limited (Registered number: 02405904)

Balance Sheet
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 146,482 166,847
146,482 166,847

CURRENT ASSETS
Stocks 493,335 467,513
Debtors 6 739,223 943,044
Cash at bank and in hand 237,792 361,783
1,470,350 1,772,340
CREDITORS
Amounts falling due within one year 7 710,556 1,072,582
NET CURRENT ASSETS 759,794 699,758
TOTAL ASSETS LESS CURRENT
LIABILITIES

906,276

866,605

CREDITORS
Amounts falling due after more than one
year

8

(95,598

)

(129,740

)

PROVISIONS FOR LIABILITIES (20,661 ) (25,770 )
NET ASSETS 790,017 711,095

CAPITAL AND RESERVES
Called up share capital 10 9,750 9,750
Capital redemption reserve 3,250 3,250
Retained earnings 777,017 698,095
SHAREHOLDERS' FUNDS 790,017 711,095

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

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 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.

P.A.R. (Insulations and Wires) Limited (Registered number: 02405904)

Balance Sheet - continued
30 September 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 Board of Directors and authorised for issue on 29 March 2025 and were signed on its behalf by:





R A Hirst - Director


P.A.R. (Insulations and Wires) Limited (Registered number: 02405904)

Notes to the Financial Statements
For The Year Ended 30 September 2024

1. STATUTORY INFORMATION

P.A.R. (Insulations and Wires) 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of five 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.
Freehold property - 10% straight line and 4% straight line
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

P.A.R. (Insulations and Wires) Limited (Registered number: 02405904)

Notes to the Financial Statements - continued
For The Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Government grants
Grants are credited to deferred revenue. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 10,000
AMORTISATION
At 1 October 2023
and 30 September 2024 10,000
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2023 149,683 249,893 399,576
Additions 2,828 3,014 5,842
At 30 September 2024 152,511 252,907 405,418
DEPRECIATION
At 1 October 2023 99,203 133,526 232,729
Charge for year 1,958 24,249 26,207
At 30 September 2024 101,161 157,775 258,936
NET BOOK VALUE
At 30 September 2024 51,350 95,132 146,482
At 30 September 2023 50,480 116,367 166,847

P.A.R. (Insulations and Wires) Limited (Registered number: 02405904)

Notes to the Financial Statements - continued
For The Year Ended 30 September 2024

5. TANGIBLE FIXED ASSETS - continued


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 557,230 904,092
Other debtors 181,993 38,952
739,223 943,044

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 20,076 20,077
Hire purchase contracts 16,342 16,342
Trade creditors 466,777 809,620
Taxation and social security 110,987 146,619
Other creditors 96,374 79,924
710,556 1,072,582

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 69,570 87,370
Hire purchase contracts 26,028 42,370
95,598 129,740

Amounts falling due in more than five years:

Repayable by instalments
Bank loan 22,274 30,000

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 89,646 107,447
Hire purchase contracts 42,370 58,712
132,016 166,159

Bank borrowings are secured by way of a legal mortgage, a first fixed charge and a floating charge.

Hire purchase liabilities are secured on the assets concerned.

P.A.R. (Insulations and Wires) Limited (Registered number: 02405904)

Notes to the Financial Statements - continued
For The Year Ended 30 September 2024

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
9,750 Ordinary £1 9,750 9,750

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2024 and 30 September 2023:

2024 2023
£    £   
R A Hirst
Balance outstanding at start of year 7,888 -
Amounts advanced 119,884 7,888
Amounts repaid (7,888 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 119,884 7,888

P M Hirst
Balance outstanding at start of year 11,535 6,965
Amounts advanced 21,667 11,535
Amounts repaid (11,535 ) (6,965 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 21,667 11,535

The loans are interest free and have no specific repayment terms.

P.A.R. (Insulations and Wires) Limited

Report of the Accountants to the Directors of
P.A.R. (Insulations and Wires) Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 September 2024 set out on pages three to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Our report may not be relied upon by any person for any other purpose whatsoever.

Roddis Taylor Robinson neither owes nor accepts any duty to any other party and shall not be liable for any loss, damage or expenses of whatsoever nature which is caused by their reliance on these accounts.






Roddis Taylor Robinson
Chartered Accountants
Unit 6, Acorn Business Park
Woodseats Close
Sheffield
South Yorkshire
S8 0TB


29 March 2025