9 false false false false false false false false false false true false false false false false false No description of principal activity 2023-10-01 Sage Accounts Production Advanced 2024 - FRS102_2024 65,000 65,000 xbrli:pure xbrli:shares iso4217:GBP 04969217 2023-10-01 2024-09-30 04969217 2024-09-30 04969217 2023-09-30 04969217 2022-10-01 2023-09-30 04969217 2023-09-30 04969217 2022-09-30 04969217 core:NetGoodwill 2023-10-01 2024-09-30 04969217 core:LandBuildings core:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 04969217 core:PlantMachinery 2023-10-01 2024-09-30 04969217 bus:OrdinaryShareClass1 2023-10-01 2024-09-30 04969217 bus:Director1 2023-10-01 2024-09-30 04969217 core:NetGoodwill 2024-09-30 04969217 core:LandBuildings 2023-09-30 04969217 core:PlantMachinery 2023-09-30 04969217 core:LandBuildings 2024-09-30 04969217 core:PlantMachinery 2024-09-30 04969217 core:LandBuildings 2023-10-01 2024-09-30 04969217 core:WithinOneYear 2024-09-30 04969217 core:WithinOneYear 2023-09-30 04969217 core:AfterOneYear 2023-09-30 04969217 core:ShareCapital 2024-09-30 04969217 core:ShareCapital 2023-09-30 04969217 core:RetainedEarningsAccumulatedLosses 2024-09-30 04969217 core:RetainedEarningsAccumulatedLosses 2023-09-30 04969217 core:LandBuildings 2023-09-30 04969217 core:PlantMachinery 2023-09-30 04969217 bus:SmallEntities 2023-10-01 2024-09-30 04969217 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 04969217 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 04969217 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 04969217 bus:FullAccounts 2023-10-01 2024-09-30 04969217 bus:OrdinaryShareClass1 2024-09-30 04969217 bus:OrdinaryShareClass1 2023-09-30 04969217 core:LandBuildings core:LongLeaseholdAssets 2023-10-01 2024-09-30
COMPANY REGISTRATION NUMBER: 04969217
A R Purnell Limited
Filleted Unaudited Financial Statements
30 September 2024
A R Purnell Limited
Statement of Financial Position
30 September 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
6
166,486
197,753
Current assets
Stocks
89,384
619,363
Debtors
7
55,676
28,537
Cash at bank and in hand
641,693
194,625
---------
---------
786,753
842,525
Creditors: amounts falling due within one year
8
305,827
327,722
---------
---------
Net current assets
480,926
514,803
---------
---------
Total assets less current liabilities
647,412
712,556
Creditors: amounts falling due after more than one year
9
9,632
Provisions
Taxation including deferred tax
22,305
26,487
---------
---------
Net assets
625,107
676,437
---------
---------
Capital and reserves
Called up share capital
10
1
1
Profit and loss account
625,106
676,436
---------
---------
Shareholder funds
625,107
676,437
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
A R Purnell Limited
Statement of Financial Position (continued)
30 September 2024
These financial statements were approved by the board of directors and authorised for issue on 14 June 2025 , and are signed on behalf of the board by:
A R Purnell
Director
Company registration number: 04969217
A R Purnell Limited
Notes to the Financial Statements
Year ended 30 September 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 6, The Linen Yard, South Street, Crewkerne, Somerset, TA18 8AB. The principal place of business is Ashen Cross Quarry, Catsgore Road, Somerton, Somerset, TA11 7JW.
2. Statement of compliance
These financial statements have been prepared in accordance with FRS 102 taking advantage of the disclosure exemptions of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
Provision is made, under the liability method, to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences to the extent that it is considered that a net liability may arise.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows.
Goodwill
-
10% straight line
Goodwill has been fully amortised.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Portal buildings and offices
-
4% straight line
Quarry rights
-
Over 21 years
Plant and machinery
-
25% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs.The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase and other costs incurred in bringing the stock to its present location and condition.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 9 (2023: 9 ).
5. Intangible assets
Goodwill
£
Cost
At 1 October 2023 and 30 September 2024
65,000
--------
Amortisation
At 1 October 2023 and 30 September 2024
65,000
--------
Carrying amount
At 30 September 2024
--------
At 30 September 2023
--------
6. Tangible assets
Land and buildings
Plant and machinery
Total
£
£
£
Cost
At 1 October 2023
159,902
595,831
755,733
Additions
5,150
5,150
Disposals
( 3,150)
( 3,150)
---------
---------
---------
At 30 September 2024
159,902
597,831
757,733
---------
---------
---------
Depreciation
At 1 October 2023
74,662
483,318
557,980
Charge for the year
6,581
29,276
35,857
Disposals
( 2,590)
( 2,590)
---------
---------
---------
At 30 September 2024
81,243
510,004
591,247
---------
---------
---------
Carrying amount
At 30 September 2024
78,659
87,827
166,486
---------
---------
---------
At 30 September 2023
85,240
112,513
197,753
---------
---------
---------
7. Debtors
2024
2023
£
£
Trade debtors
53,558
26,192
Other debtors
2,118
2,345
--------
--------
55,676
28,537
--------
--------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
9,232
16,878
Social security and other taxes
20,596
29,181
Other creditors
275,999
281,663
---------
---------
305,827
327,722
---------
---------
9. Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
9,632
----
-------
10. Called up share capital
Authorised share capital
2024
2023
No.
£
No.
£
Ordinary shares of £ 1 each
3,000
3,000
3,000
3,000
-------
-------
-------
-------
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary shares of £ 1 each
1
1
1
1
----
----
----
----