IRIS Accounts Production v25.2.0.378 07855599 director 1.12.23 30.11.24 30.11.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh078555992023-11-30078555992024-11-30078555992023-12-012024-11-30078555992022-11-30078555992022-12-012023-11-30078555992023-11-3007855599ns15:EnglandWales2023-12-012024-11-3007855599ns14:PoundSterling2023-12-012024-11-3007855599ns10:Director12023-12-012024-11-3007855599ns10:PrivateLimitedCompanyLtd2023-12-012024-11-3007855599ns10:SmallEntities2023-12-012024-11-3007855599ns10:AuditExempt-NoAccountantsReport2023-12-012024-11-3007855599ns10:SmallCompaniesRegimeForDirectorsReport2023-12-012024-11-3007855599ns10:SmallCompaniesRegimeForAccounts2023-12-012024-11-3007855599ns10:FullAccounts2023-12-012024-11-3007855599ns10:OrdinaryShareClass12023-12-012024-11-3007855599ns10:RegisteredOffice2023-12-012024-11-3007855599ns5:CurrentFinancialInstruments2024-11-3007855599ns5:CurrentFinancialInstruments2023-11-3007855599ns5:Non-currentFinancialInstruments2024-11-3007855599ns5:Non-currentFinancialInstruments2023-11-3007855599ns5:ShareCapital2024-11-3007855599ns5:ShareCapital2023-11-3007855599ns5:RetainedEarningsAccumulatedLosses2024-11-3007855599ns5:RetainedEarningsAccumulatedLosses2023-11-3007855599ns5:PlantMachinery2023-12-012024-11-3007855599ns5:FurnitureFittings2023-12-012024-11-3007855599ns5:PlantMachinery2023-11-3007855599ns5:FurnitureFittings2023-11-3007855599ns5:PlantMachinery2024-11-3007855599ns5:FurnitureFittings2024-11-3007855599ns5:PlantMachinery2023-11-3007855599ns5:FurnitureFittings2023-11-3007855599ns5:WithinOneYearns5:CurrentFinancialInstruments2024-11-3007855599ns5:WithinOneYearns5:CurrentFinancialInstruments2023-11-3007855599ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-11-3007855599ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-11-3007855599ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2024-11-3007855599ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2023-11-3007855599ns5:DeferredTaxation2023-11-3007855599ns5:DeferredTaxation2024-11-3007855599ns10:OrdinaryShareClass12024-11-30
















PRS (YORKSHIRE) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024






PRS (YORKSHIRE) LIMITED (REGISTERED NUMBER: 07855599)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PRS (YORKSHIRE) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTOR: R Victor





REGISTERED OFFICE: Fairfax House
6A Mill Field Road
Cottingley Business Park
BINGLEY
West Yorkshire
BD16 1PY





REGISTERED NUMBER: 07855599 (England and Wales)





ACCOUNTANTS: Wilkinson and Partners
Chartered Accountants
Fairfax House
6a Mill Field Road
Cottingley Business Park
Bradford
West Yorkshire
BD16 1PY

PRS (YORKSHIRE) LIMITED (REGISTERED NUMBER: 07855599)

BALANCE SHEET
30 NOVEMBER 2024

30.11.24 30.11.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 108,377 134,319

CURRENT ASSETS
Stocks 9,900 750
Debtors 6 195,765 153,817
Cash at bank and in hand 110 5,109
205,775 159,676
CREDITORS
Amounts falling due within one year 7 287,104 256,167
NET CURRENT LIABILITIES (81,329 ) (96,491 )
TOTAL ASSETS LESS CURRENT LIABILITIES 27,048 37,828

CREDITORS
Amounts falling due after more than one
year

8

(5,000

)

(15,000

)

PROVISIONS FOR LIABILITIES 10 (13,248 ) (21,796 )
NET ASSETS 8,800 1,032

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 8,700 932
SHAREHOLDERS' FUNDS 8,800 1,032

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

PRS (YORKSHIRE) LIMITED (REGISTERED NUMBER: 07855599)

BALANCE SHEET - continued
30 NOVEMBER 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 1 April 2025 and were signed by:





R Victor - Director


PRS (YORKSHIRE) LIMITED (REGISTERED NUMBER: 07855599)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024


1. STATUTORY INFORMATION

PRS (Yorkshire) 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 - 20% on reducing balance
Fixtures and fittings - 20% 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.

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.

PRS (YORKSHIRE) LIMITED (REGISTERED NUMBER: 07855599)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


3. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 15 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 December 2023 240,914 71,151 312,065
Additions 790 362 1,152
At 30 November 2024 241,704 71,513 313,217
DEPRECIATION
At 1 December 2023 132,115 45,631 177,746
Charge for year 21,917 5,177 27,094
At 30 November 2024 154,032 50,808 204,840
NET BOOK VALUE
At 30 November 2024 87,672 20,705 108,377
At 30 November 2023 108,799 25,520 134,319

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade debtors 135,502 89,315
Other debtors 15,517 15,117
Directors' current accounts 6,246 24,845
Prepayments 38,500 24,540
195,765 153,817

PRS (YORKSHIRE) LIMITED (REGISTERED NUMBER: 07855599)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Bank loans and overdrafts 44,872 42,806
Hire purchase contracts (see note 9) - 1,736
Trade creditors 103,369 87,301
Tax 21,964 15,734
Social security and other taxes 8,203 5,221
Pensions 1,718 1,001
VAT 13,340 12,199
Other creditors 27,729 21,789
Accrued expenses 65,909 68,380
287,104 256,167

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.11.24 30.11.23
£    £   
Other loans - 1-2 years 5,000 15,000

9. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

30.11.24 30.11.23
£    £   
Net obligations repayable:
Within one year - 1,736

10. PROVISIONS FOR LIABILITIES
30.11.24 30.11.23
£    £   
Deferred tax 13,248 21,796

Deferred
tax
£   
Balance at 1 December 2023 21,796
Accelerated capital allowances (8,548 )
Balance at 30 November 2024 13,248

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.24 30.11.23
value: £    £   
100 Ordinary £1 100 100