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PAUL RHODES PRECISION ENGINEERING LIMITED

Registered Number
04292152
(England and Wales)

Unaudited Financial Statements for the Year ended
30 September 2024

PAUL RHODES PRECISION ENGINEERING LIMITED
Company Information
for the year from 1 October 2023 to 30 September 2024

Directors

RHODES, Elizabeth Anne
RHODES, Paul

Company Secretary

RHODES, Elizabeth Anne

Registered Address

Walker Street House
5 Walker Street Scholes
Cleckheaton
BD19 6EQ

Registered Number

04292152 (England and Wales)
PAUL RHODES PRECISION ENGINEERING LIMITED
Balance Sheet as at
30 September 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3658,667672,891
658,667672,891
Current assets
Stocks459,93845,438
Debtors5184,017175,591
Cash at bank and on hand156,265128,871
400,220349,900
Creditors amounts falling due within one year6(214,540)(187,830)
Net current assets (liabilities)185,680162,070
Total assets less current liabilities844,347834,961
Creditors amounts falling due after one year7(10,000)(20,000)
Provisions for liabilities8(21,436)(24,138)
Net assets812,911790,823
Capital and reserves
Called up share capital100100
Profit and loss account812,811790,723
Shareholders' funds812,911790,823
The financial statements were approved and authorised for issue by the Board of Directors on 12 June 2025, and are signed on its behalf by:
RHODES, Elizabeth Anne
Director
RHODES, Paul
Director

Registered Company No. 04292152
PAUL RHODES PRECISION ENGINEERING LIMITED
Notes to the Financial Statements
for the year ended 30 September 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Operating leases
Rentals payable under operating leases are charged to the profit and loss account on a straight-line basis over the period of the lease.
Defined contribution pension plan
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.
Current 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.
Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Reducing balance (%)Straight line (years)
Plant and machinery15-
Fixtures and fittings-33
Vehicles25-
Stocks and work in progress
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell.
2.Average number of employees

20242023
Average number of employees during the year109
3.Tangible fixed assets

Land & buildings

Plant & machinery

Vehicles

Fixtures & fittings

Total

£££££
Cost or valuation
At 01 October 23563,280631,38232,88135,9701,263,513
Additions-9,750--9,750
Disposals-(11,250)--(11,250)
At 30 September 24563,280629,88232,88135,9701,262,013
Depreciation and impairment
At 01 October 2317,433518,34819,00935,832590,622
Charge for year-18,2063,468-21,674
On disposals-(8,950)--(8,950)
At 30 September 2417,433527,60422,47735,832603,346
Net book value
At 30 September 24545,847102,27810,404138658,667
At 30 September 23545,847113,03413,872138672,891
4.Stocks

2024

2023

££
Finished goods59,93845,438
Total59,93845,438
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables179,427171,131
Prepayments and accrued income4,5904,460
Total184,017175,591
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables54,80433,369
Bank borrowings and overdrafts10,00010,063
Taxation and social security80,77968,945
Other creditors68,95775,453
Total214,540187,830
7.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts10,00020,000
Total10,00020,000
8.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)21,43624,138
Total21,43624,138
9.Directors advances, credits and guarantees
Included within creditors: amounts falling due within one year were loans from the directors of £61,388 (2023: £68,294). The loans were interest free, with no fixed date for repayment. Under the BBLS scheme the government provided a 100% guarantee. As at the balance sheet date, this represented a bank loan guarantee of £20,000 (2023: £30,063).