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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
Page
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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
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Product Assessment and Reliability Centre Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,268,301 
1,376,967 
Current assets
Debtors
1,723,540 
278,007 
Cash at bank and in hand
291,315 
1,256,413 
2,014,855 
1,534,420 
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 
Capital and reserves
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
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Product Assessment and Reliability Centre Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
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.
2
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
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.
4
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 
Additions
- 
64,191 
64,191 
At 31 December 2024
736,764 
3,117,850 
3,854,614 
Depreciation
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 
Net book value
At 31 December 2024
564,457 
703,844 
1,268,301 
At 31 December 2023
594,165 
782,802 
1,376,967 
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Product Assessment and Reliability Centre Limited Notes to the Accounts for the year ended 31 December 2024
5
Debtors
2024 
2023 
£ 
£ 
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 
1,723,540 
278,007 
6
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 
Accruals
228,214 
64,901 
556,384 
255,933 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
- 
249,666 
Deferred income
56,171 
70,671 
56,171 
320,337 
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.
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
34,022 Ordinary shares of £1 each
34,022 
34,022 
9
Controlling party
The company is controlled by its parent company
10
Average number of employees
During the year the average number of employees was 18 (2023: 18).
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