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REGISTERED NUMBER: 01164024 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

PURKELLY BROS. LIMITED

PURKELLY BROS. LIMITED (REGISTERED NUMBER: 01164024)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 October 2024










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


PURKELLY BROS. LIMITED

COMPANY INFORMATION
For The Year Ended 31 October 2024







DIRECTOR: G T Purcell





REGISTERED OFFICE: Unit 3 Bilton Road
Cadwell Lane Industrial Estate
Hitchin
Hertfordshire
SG4 0SB





REGISTERED NUMBER: 01164024 (England and Wales)





ACCOUNTANTS: TC Group
Baird House
Seebeck Place
Knowlhill
Milton Keynes
Buckinghamshire
MK5 8FR

PURKELLY BROS. LIMITED (REGISTERED NUMBER: 01164024)

BALANCE SHEET
31 October 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 342,293 353,027

CURRENT ASSETS
Debtors 5 737,226 495,816
Cash at bank and in hand 447,038 360,410
1,184,264 856,226
CREDITORS
Amounts falling due within one year 6 431,266 324,328
NET CURRENT ASSETS 752,998 531,898
TOTAL ASSETS LESS CURRENT LIABILITIES 1,095,291 884,925

CREDITORS
Amounts falling due after more than one
year

7

(41,697

)

(40,441

)

PROVISIONS FOR LIABILITIES 8 (74,204 ) (75,678 )
NET ASSETS 979,390 768,806

CAPITAL AND RESERVES
Called up share capital 9 10,000 10,000
Retained earnings 969,390 758,806
979,390 768,806

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

PURKELLY BROS. LIMITED (REGISTERED NUMBER: 01164024)

BALANCE SHEET - continued
31 October 2024


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 director and authorised for issue on 14 July 2025 and were signed by:





G T Purcell - Director


PURKELLY BROS. LIMITED (REGISTERED NUMBER: 01164024)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 October 2024


1. STATUTORY INFORMATION

Purkelly Bros. 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 recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

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.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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.


PURKELLY BROS. LIMITED (REGISTERED NUMBER: 01164024)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 October 2024


2. ACCOUNTING POLICIES - continued
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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 12 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 November 2023 33,156 360,602 11,418 367,965 773,141
Additions - 23,108 - 69,264 92,372
Disposals - (3,000 ) - (35,883 ) (38,883 )
At 31 October 2024 33,156 380,710 11,418 401,346 826,630
DEPRECIATION
At 1 November 2023 2,887 299,383 7,271 110,573 420,114
Charge for year 6,631 11,185 627 68,350 86,793
Eliminated on disposal - (2,783 ) - (19,787 ) (22,570 )
At 31 October 2024 9,518 307,785 7,898 159,136 484,337
NET BOOK VALUE
At 31 October 2024 23,638 72,925 3,520 242,210 342,293
At 31 October 2023 30,269 61,219 4,147 257,392 353,027

PURKELLY BROS. LIMITED (REGISTERED NUMBER: 01164024)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 October 2024


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 November 2023 101,851
Additions 37,475
At 31 October 2024 139,326
DEPRECIATION
At 1 November 2023 23,464
Charge for year 25,062
At 31 October 2024 48,526
NET BOOK VALUE
At 31 October 2024 90,800
At 31 October 2023 78,387

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 457,241 384,352
Amounts owed by associates 20,000 20,000
Other debtors 11,146 7,933
Directors' current accounts 135,350 -
Tax 45,681 -
VAT - 22,175
Prepayments and accrued income 67,808 61,356
737,226 495,816

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 26,483 21,840
Trade creditors 188,910 176,411
Corporation tax 165,363 64,980
Social security and other taxes 13,253 14,528
Net wages - 4,645
Pension account 293 332
VAT 16,099 -
Other creditors 75 75
Credit card - 20,736
Directors' current accounts - 1,073
Accrued expenses 20,790 19,708
431,266 324,328

PURKELLY BROS. LIMITED (REGISTERED NUMBER: 01164024)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 October 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 41,697 40,441

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 74,204 75,678

Deferred
tax
£   
Balance at 1 November 2023 75,678
Credit to Statement of Income and Retained Earnings during year (1,474 )
Balance at 31 October 2024 74,204

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
1,000 Ordinary A £1 1,000 1,000
2,000 Ordinary B £1 2,000 2,000
1,000 Ordinary C £1 1,000 1,000
4,000 Ordinary D £1 4,000 4,000
1,000 Ordinary E £1 1,000 1,000
1,000 Ordinary F £1 1,000 1,000
10,000 10,000

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

As at the year end, the director had an overdrawn loan account balance of £135,350 debit (2023 - £1,073 credit balance).

11. ULTIMATE CONTROLLING PARTY

The controlling party is Blackstone Holdings Limited.