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REGISTERED NUMBER: 06746737 (England and Wales)


















Unaudited Financial Statements

for the Year Ended 31st October 2024

for

Punchards Holdings Limited

Punchards Holdings Limited (Registered number: 06746737)






Contents of the Financial Statements
for the Year Ended 31st October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Punchards Holdings Limited

Company Information
for the Year Ended 31st October 2024







DIRECTORS: Mr B N Punchard
Mr R P Punchard
Mr I D Punchard





SECRETARY: Mrs T D Punchard





REGISTERED OFFICE: 14a Market Place
Uttoxeter
Staffordshire
ST14 8HP





REGISTERED NUMBER: 06746737 (England and Wales)





ACCOUNTANTS: Rice & Co Limited
Chartered Accountants
14a Market Place
Uttoxeter
Staffordshire
ST14 8HP

Punchards Holdings Limited (Registered number: 06746737)

Balance Sheet
31st October 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 3,371,951 2,534,109
Investments 5 9 9
3,371,960 2,534,118

CURRENT ASSETS
Debtors 6 761,702 520,280
Investments 7 - 200,000
Cash at bank 703,080 825,901
1,464,782 1,546,181
CREDITORS
Amounts falling due within one year 8 526,253 321,489
NET CURRENT ASSETS 938,529 1,224,692
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,310,489

3,758,810

CREDITORS
Amounts falling due after more than one
year

9

(333,621

)

(223,459

)

PROVISIONS FOR LIABILITIES (690,929 ) (473,758 )
NET ASSETS 3,285,939 3,061,593

Punchards Holdings Limited (Registered number: 06746737)

Balance Sheet - continued
31st October 2024

2024 2023
Notes £    £    £   
CAPITAL AND RESERVES
Called up share capital 12 12
Retained earnings 3,285,927 3,061,581
SHAREHOLDERS' FUNDS 3,285,939 3,061,593

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 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 28th April 2025 and were signed on its behalf by:





Mr R P Punchard - Director


Punchards Holdings Limited (Registered number: 06746737)

Notes to the Financial Statements
for the Year Ended 31st October 2024

1. STATUTORY INFORMATION

Punchards Holdings 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

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 and value added tax. Turnover is recognised over the period to which rental charges relate.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold land - not provided
Buildings - 4% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 25% on reducing balance

Freehold land and buildings rented to other group companies are recognised at cost and depreciated in accordance with the rates shown above.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.


Punchards Holdings Limited (Registered number: 06746737)

Notes to the Financial Statements - continued
for the Year Ended 31st October 2024

2. ACCOUNTING POLICIES - continued
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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 NIL (2023 - NIL).

Punchards Holdings Limited (Registered number: 06746737)

Notes to the Financial Statements - continued
for the Year Ended 31st October 2024

4. TANGIBLE FIXED ASSETS
Freehold Plant and
land Buildings machinery
£    £    £   
COST
At 1st November 2023 668,885 105,825 1,045,155
Additions - - 314,580
Disposals - - (134,425 )
At 31st October 2024 668,885 105,825 1,225,310
DEPRECIATION
At 1st November 2023 - 56,576 672,836
Charge for year - 4,233 131,340
Eliminated on disposal - - (57,525 )
At 31st October 2024 - 60,809 746,651
NET BOOK VALUE
At 31st October 2024 668,885 45,016 478,659
At 31st October 2023 668,885 49,249 372,319

Fixtures
and Motor Office
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1st November 2023 20,859 2,520,409 5,596 4,366,729
Additions 72,621 1,394,001 - 1,781,202
Disposals - (478,705 ) - (613,130 )
At 31st October 2024 93,480 3,435,705 5,596 5,534,801
DEPRECIATION
At 1st November 2023 10,543 1,088,037 4,628 1,832,620
Charge for year 15,317 502,512 242 653,644
Eliminated on disposal - (265,889 ) - (323,414 )
At 31st October 2024 25,860 1,324,660 4,870 2,162,850
NET BOOK VALUE
At 31st October 2024 67,620 2,111,045 726 3,371,951
At 31st October 2023 10,316 1,432,372 968 2,534,109


Punchards Holdings Limited (Registered number: 06746737)

Notes to the Financial Statements - continued
for the Year Ended 31st October 2024

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st November 2023
and 31st October 2024 9
NET BOOK VALUE
At 31st October 2024 9
At 31st October 2023 9

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 9,300 16,800
Amounts owed by group undertakings 605,193 413,574
Other debtors 147,209 89,906
761,702 520,280

7. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Unlisted investments - 200,000

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 298,018 216,893
Trade creditors 125,402 -
Amounts owed to group undertakings 26,833 -
Taxation and social security - 35,908
Other creditors 76,000 68,688
526,253 321,489

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Hire purchase contracts 333,621 223,459

Punchards Holdings Limited (Registered number: 06746737)

Notes to the Financial Statements - continued
for the Year Ended 31st October 2024

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 631,639 440,352

Hire purchase contracts are secured by a charge over the assets to which they relate.