REGISTERED NUMBER: 04887850 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

P R PALLETS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N Gyoury

M W Gyoury

SECRETARY:

N Gyoury

REGISTERED OFFICE:

The Coach House

The Square

Sawbridgeworth

Hertfordshire

CM21 9AE

REGISTERED NUMBER:

04887850 (England and Wales)

ACCOUNTANTS:

Ashley James Limited

The Coach House

The Square

Sawbridgeworth

Hertfordshire

CM21 9AE

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

1,028,468

595,649

1,028,468

595,649

CURRENT ASSETS

Stocks

134,637

121,537

Debtors

6

5,462,737

5,156,354

Cash at bank and in hand

240,930

113,145

5,838,304

5,391,036

CREDITORS

Amounts falling due within one year

7

(1,069,935

)

(980,818

)

NET CURRENT ASSETS

4,768,369

4,410,218

TOTAL ASSETS LESS CURRENT LIABILITIES

5,796,837

5,005,867

CREDITORS

Amounts falling due after more than one year

8

(121,055

)

(58,750

)

NET ASSETS

5,675,782

4,947,117

CAPITAL AND RESERVES

Called up share capital

21

25

Capital redemption reserve

80

76

Retained earnings

5,675,681

4,947,016

5,675,782

4,947,117

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.

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 1 March 2025 and were signed on its behalf by:

N Gyoury - Director

1.	STATUTORY INFORMATION

P R Pallets 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 0, is being amortised evenly over its estimated useful life of nil 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.

Plant and machinery etc

-

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 36 (2023 - 32 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 October 2023

and 30 September 2024

300,000

AMORTISATION

At 1 October 2023

and 30 September 2024

300,000

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

45,488

1,628,987

1,674,475

Additions

-

858,596

858,596

Disposals

(30,577

)

(209,091

)

(239,668

)

At 30 September 2024

14,911

2,278,492

2,293,403

DEPRECIATION

At 1 October 2023

5,964

1,072,862

1,078,826

Charge for year

1,491

340,336

341,827

Eliminated on disposal

-

(155,718

)

(155,718

)

At 30 September 2024

7,455

1,257,480

1,264,935

NET BOOK VALUE

At 30 September 2024

7,456

1,021,012

1,028,468

At 30 September 2023

39,524

556,125

595,649

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/9/24

30/9/23

£

£

Trade debtors

1,113,682

1,005,921

Other debtors

4,349,055

4,150,433

5,462,737

5,156,354

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/9/24

30/9/23

£

£

Hire purchase contracts

64,235

36,875

Trade creditors

661,158

331,871

Taxation and social security

339,142

525,095

Other creditors

5,400

86,977

1,069,935

980,818

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30/9/24

30/9/23

£

£

Hire purchase contracts

121,055

58,750

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the debit balance on the Directors' Loan Accounts amounted to £900,000, movement of £80,000 from the 2023 balance brought forward.