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REGISTERED NUMBER: 04666013 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

PRESTON UNDERLAY CENTRE LIMITED

PRESTON UNDERLAY CENTRE LIMITED (REGISTERED NUMBER: 04666013)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PRESTON UNDERLAY CENTRE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2025







DIRECTORS: S A Rose
Mrs C Rose





REGISTERED OFFICE: 7 Rye Street
Preston
PR1 1PN





REGISTERED NUMBER: 04666013 (England and Wales)





ACCOUNTANTS: Streets Turner Limited
Chartered Accountants
9 Victoria Rd
Fulwood
Preston
Lancashire
PR2 8ND

PRESTON UNDERLAY CENTRE LIMITED (REGISTERED NUMBER: 04666013)

BALANCE SHEET
28 FEBRUARY 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 244,586 258,300
244,586 258,300

CURRENT ASSETS
Stocks 753,574 689,472
Debtors 6 1,092,615 996,985
Cash at bank and in hand 685,700 757,215
2,531,889 2,443,672
CREDITORS
Amounts falling due within one year 7 736,622 838,432
NET CURRENT ASSETS 1,795,267 1,605,240
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,039,853

1,863,540

CREDITORS
Amounts falling due after more than one
year

8

(39,426

)

(72,385

)

PROVISIONS FOR LIABILITIES 10 (61,146 ) (63,044 )
NET ASSETS 1,939,281 1,728,111

CAPITAL AND RESERVES
Called up share capital 11 48 48
Capital redemption reserve 180 180
Retained earnings 1,939,053 1,727,883
SHAREHOLDERS' FUNDS 1,939,281 1,728,111

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 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.

PRESTON UNDERLAY CENTRE LIMITED (REGISTERED NUMBER: 04666013)

BALANCE SHEET - continued
28 FEBRUARY 2025


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 16 June 2025 and were signed on its behalf by:





S A Rose - Director


PRESTON UNDERLAY CENTRE LIMITED (REGISTERED NUMBER: 04666013)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025


1. STATUTORY INFORMATION

Preston Underlay Centre 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 represents net invoiced sales of goods, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of one 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Short leasehold - 10% on cost
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 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.

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.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

PRESTON UNDERLAY CENTRE LIMITED (REGISTERED NUMBER: 04666013)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2025


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2024 - 20 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2024
and 28 February 2025 20,000
AMORTISATION
At 1 March 2024
and 28 February 2025 20,000
NET BOOK VALUE
At 28 February 2025 -
At 29 February 2024 -

5. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 March 2024 12,302 52,712 9,392
Additions - 19,765 311
Disposals - (6,324 ) -
At 28 February 2025 12,302 66,153 9,703
DEPRECIATION
At 1 March 2024 12,302 25,702 8,373
Charge for year - 8,707 200
Eliminated on disposal - (3,086 ) -
At 28 February 2025 12,302 31,323 8,573
NET BOOK VALUE
At 28 February 2025 - 34,830 1,130
At 29 February 2024 - 27,010 1,019

PRESTON UNDERLAY CENTRE LIMITED (REGISTERED NUMBER: 04666013)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2025


5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 March 2024 487,422 17,293 579,121
Additions 57,727 2,561 80,364
Disposals (67,596 ) - (73,920 )
At 28 February 2025 477,553 19,854 585,565
DEPRECIATION
At 1 March 2024 263,528 10,916 320,821
Charge for year 67,308 2,235 78,450
Eliminated on disposal (55,206 ) - (58,292 )
At 28 February 2025 275,630 13,151 340,979
NET BOOK VALUE
At 28 February 2025 201,923 6,703 244,586
At 29 February 2024 223,894 6,377 258,300

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 March 2024 281,240
Additions 57,727
Transfer to ownership (72,699 )
At 28 February 2025 266,268
DEPRECIATION
At 1 March 2024 123,284
Charge for year 53,920
Transfer to ownership (49,696 )
At 28 February 2025 127,508
NET BOOK VALUE
At 28 February 2025 138,760
At 29 February 2024 157,956

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 1,047,528 962,718
Other debtors 45,087 34,267
1,092,615 996,985

PRESTON UNDERLAY CENTRE LIMITED (REGISTERED NUMBER: 04666013)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2025


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 9,147 8,922
Hire purchase contracts 56,569 52,166
Trade creditors 439,860 493,411
Amounts owed to associates - 50,000
Taxation and social security 222,566 224,734
Other creditors 8,480 9,199
736,622 838,432

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Bank loans 2,613 11,984
Hire purchase contracts 36,813 60,401
39,426 72,385

9. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Bank loans 11,760 20,906
Hire purchase contracts 93,382 112,567
105,142 133,473

Hire purchase liabilities are secured on the assets to which they relate.

10. PROVISIONS FOR LIABILITIES
2025 2024
£    £   
Deferred tax 61,146 63,044

Deferred
tax
£   
Balance at 1 March 2024 63,044
Credit to Income Statement during year (1,898 )
Balance at 28 February 2025 61,146

PRESTON UNDERLAY CENTRE LIMITED (REGISTERED NUMBER: 04666013)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2025


11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
45 Ordinary 'B' £1 45 45
3 Ordinary 'C' £1 3 3
48 48

12. ULTIMATE CONTROLLING PARTY

The controlling party is S A Rose.