Company Registration No. 03844095 (England and Wales)
Product Assessment and Reliability Centre Limited
Unaudited accounts
for the year ended 31 December 2024
Product Assessment and Reliability Centre Limited
Unaudited accounts
Contents
Product Assessment and Reliability Centre Limited
Company Information
for the year ended 31 December 2024
Directors
R Tabor
Sopemea SAS
Apave Developpement
Company Number
03844095 (England and Wales)
Registered Office
Unit 4
Alverdiscott Road Ins Est
Bideford
Devon
EX39 4LQ
Accountants
JD Accountants (South West) Ltd
Suite 2, Riverside Court
Castle Street
Barnstaple
Devon
EX31 1DR
Product Assessment and Reliability Centre Limited
Statement of financial position
as at 31 December 2024
Tangible assets
1,268,301
1,376,967
Cash at bank and in hand
291,315
1,256,413
Creditors: amounts falling due within one year
(556,384)
(255,933)
Net current assets
1,458,471
1,278,487
Total assets less current liabilities
2,726,772
2,655,454
Creditors: amounts falling due after more than one year
(56,171)
(320,337)
Provisions for liabilities
Deferred tax
(173,980)
(146,896)
Net assets
2,496,621
2,188,221
Called up share capital
34,022
34,022
Capital redemption reserve
17,011
17,011
Profit and loss account
2,445,588
2,137,188
Shareholders' funds
2,496,621
2,188,221
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 March 2025 and were signed on its behalf by
R Tabor
Director
Company Registration No. 03844095
Product Assessment and Reliability Centre Limited
Notes to the Accounts
for the year ended 31 December 2024
Product Assessment and Reliability Centre Limited is a private company, limited by shares, registered in England and Wales, registration number 03844095. The registered office is Unit 4 , Alverdiscott Road Ins Est, Bideford, Devon, EX39 4LQ.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Straight line of the life of the asset
Plant & machinery
Straight line over 3 to 10 years
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 January 2024
736,764
3,053,659
3,790,423
At 31 December 2024
736,764
3,117,850
3,854,614
At 1 January 2024
142,599
2,270,857
2,413,456
Charge for the year
29,708
143,149
172,857
At 31 December 2024
172,307
2,414,006
2,586,313
At 31 December 2024
564,457
703,844
1,268,301
At 31 December 2023
594,165
782,802
1,376,967
Product Assessment and Reliability Centre Limited
Notes to the Accounts
for the year ended 31 December 2024
Amounts falling due within one year
Trade debtors
195,011
261,600
Amounts due from group undertakings etc.
1,516,277
-
Other debtors
12,252
16,407
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Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
-
21,802
Trade creditors
99,961
82,046
Taxes and social security
228,209
87,184
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Creditors: amounts falling due after more than one year
2024
2023
Deferred income
56,171
70,671
The bank loans and finance agreements are secured with a fixed and floating charge over the assets of the company. The directors of the company have offered guarantees to secure the liabilities of the company.
Allotted, called up and fully paid:
34,022 Ordinary shares of £1 each
34,022
34,022
The company is controlled by its parent company
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Average number of employees
During the year the average number of employees was 18 (2023: 18).