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REGISTERED NUMBER: 13173236 (England and Wales)








Unaudited Financial Statements

for the Year Ended 28 February 2025

for

P40 LIMITED

P40 LIMITED (REGISTERED NUMBER: 13173236)






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


P40 LIMITED

Company Information
for the year ended 28 February 2025







DIRECTORS: P L Hudd
P C Scrivin





REGISTERED OFFICE: Severn View Industrial Park
Central Avenue
Bristol
BS10 7SD





REGISTERED NUMBER: 13173236 (England and Wales)





ACCOUNTANTS: Mitchell Glanville (Bristol) Limited
c/o MGB Accountants - Suite 22
Trym Lodge, 1 Henbury Road
Westbury-on-Trym
Bristol
BS9 3HQ

P40 LIMITED (REGISTERED NUMBER: 13173236)

Balance Sheet
28 February 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 276,672 285,497

CURRENT ASSETS
Stocks 14,413 75,140
Debtors 5 932,844 785,990
Cash at bank and in hand 422,832 159,282
1,370,089 1,020,412
CREDITORS
Amounts falling due within one year 6 453,283 400,912
NET CURRENT ASSETS 916,806 619,500
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,193,478

904,997

CREDITORS
Amounts falling due after more than one year 7 (17,764 ) (54,729 )

PROVISIONS FOR LIABILITIES (69,168 ) (71,374 )
NET ASSETS 1,106,546 778,894

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,106,446 778,794
1,106,546 778,894

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.

P40 LIMITED (REGISTERED NUMBER: 13173236)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 July 2025 and were signed on its behalf by:





P L Hudd - Director


P40 LIMITED (REGISTERED NUMBER: 13173236)

Notes to the Financial Statements
for the year ended 28 February 2025

1. STATUTORY INFORMATION

P40 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 50% on cost
Motor vehicles - 20% on cost
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2024 - 8 ) .

P40 LIMITED (REGISTERED NUMBER: 13173236)

Notes to the Financial Statements - continued
for the year ended 28 February 2025

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 29 February 2024 6,172 347,255 9,540 362,967
Additions - 149,427 3,485 152,912
Disposals - (96,037 ) - (96,037 )
At 28 February 2025 6,172 400,645 13,025 419,842
DEPRECIATION
At 29 February 2024 4,629 68,046 4,795 77,470
Charge for year 1,543 79,905 3,256 84,704
Eliminated on disposal - (19,004 ) - (19,004 )
At 28 February 2025 6,172 128,947 8,051 143,170
NET BOOK VALUE
At 28 February 2025 - 271,698 4,974 276,672
At 28 February 2024 1,543 279,209 4,745 285,497

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 607,715 733,463
Other debtors 325,129 52,527
932,844 785,990

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Hire purchase contracts 40,610 53,938
Trade creditors 132,933 126,463
Taxation and social security 167,933 145,333
Other creditors 111,807 75,178
453,283 400,912

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Hire purchase contracts 17,764 54,729

P40 LIMITED (REGISTERED NUMBER: 13173236)

Notes to the Financial Statements - continued
for the year ended 28 February 2025

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2025 and 28 February 2024:

2025 2024
£    £   
P L Hudd
Balance outstanding at start of year (16,649 ) (2,137 )
Amounts advanced 266,681 36,288
Amounts repaid - (50,800 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 250,032 (16,649 )

9. RELATED PARTY DISCLOSURES

During the year, consultancy fees of £51,400 (2024: £50,500) were paid to Hudd Limited, a company controlled by P L Hudd.

During the year, consultancy fees of £4,500 (2024: £nil) were paid to Cromhall Services Limited, a company controlled by P C Scrivin.