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REGISTERED NUMBER: 03012761 (England and Wales)















PARTLINE LIMITED

Unaudited Financial Statements

for the Year Ended 30 June 2025






PARTLINE LIMITED (Registered number: 03012761)






Contents of the Financial Statements
for the Year Ended 30 June 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PARTLINE LIMITED

Company Information
for the Year Ended 30 June 2025







DIRECTORS: W H Clark Snr
W H Clark Jnr
R H Clark





SECRETARY: W H Clark Jnr





REGISTERED OFFICE: Partline Limited
Dockfield Road
Shipley
West Yorkshire
BD17 7AZ





REGISTERED NUMBER: 03012761 (England and Wales)





ACCOUNTANTS: Maclean & Company
1 Park View Court
St Paul's Road
Shipley
West Yorkshire
BD18 3DZ

PARTLINE LIMITED (Registered number: 03012761)

Balance Sheet
30 June 2025

30.6.25 30.6.24
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,104,314 1,198,484
1,104,314 1,198,484

CURRENT ASSETS
Stocks 1,152,604 1,132,661
Debtors 6 2,441,824 2,006,488
Cash at bank and in hand 499,263 217,808
4,093,691 3,356,957
CREDITORS
Amounts falling due within one year 7 2,321,989 1,931,739
NET CURRENT ASSETS 1,771,702 1,425,218
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,876,016

2,623,702

CREDITORS
Amounts falling due after more than one
year

8

(220,366

)

(232,297

)

PROVISIONS FOR LIABILITIES (150,672 ) (162,164 )

ACCRUALS AND DEFERRED INCOME (5,170 ) (7,290 )
NET ASSETS 2,499,808 2,221,951

CAPITAL AND RESERVES
Called up share capital 90,000 90,000
Capital redemption reserve 10,000 10,000
Retained earnings 2,399,808 2,121,951
SHAREHOLDERS' FUNDS 2,499,808 2,221,951

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

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

PARTLINE LIMITED (Registered number: 03012761)

Balance Sheet - continued
30 June 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 September 2025 and were signed on its behalf by:




W H Clark Jnr - Director



R H Clark - Director


PARTLINE LIMITED (Registered number: 03012761)

Notes to the Financial Statements
for the Year Ended 30 June 2025

1. STATUTORY INFORMATION

PARTLINE 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 Section 1A- ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ and the Companies Act 2006.

The directors have considered the ongoing situation with regard to Covid-19 as part of their going concern assessment.The view of the directors is that, while they acknowledge the significant disruption that the pandemic has previously brought, the directors feel that the company is well placed to continue to negotiate the unique set of circumstances facing the U K economy.

The company's current level of cash is positive and the company's post year end performance is in line with the budgets prepared, which show that the company will continue to be profitable and have sufficient cash resources in the foreseeable future.

After consideration of all factors, the directors continue to adopt the going concern basis in preparing the financial statements.

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

Website design
Costs associated with the development of a website are capitalised as they are incurred, and are amortised in equal monthly instalments over the next five years.

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.
Freehold property - 2% on cost
Plant and machinery - 20% on cost and 10% on cost
Fixtures and fittings - 10% on cost
Motor vehicles - 25% on cost

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


PARTLINE LIMITED (Registered number: 03012761)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2025

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 for certain employees, and a statutory workplace pension scheme for all qualifying employees. Contributions payable to these pensions schemes are charged to profit and loss in the period to which they relate.

Deferred government grants
Government grants in respect of capital expenditure are credited to a deferred income account and are released to profit over the expected useful lives of the relevant assets.

Grants of a revenue nature are credited to income in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 41 (2024 - 41 ) .

PARTLINE LIMITED (Registered number: 03012761)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2025

4. INTANGIBLE FIXED ASSETS
Website
design
£   
COST
At 1 July 2024
and 30 June 2025 2,400
AMORTISATION
At 1 July 2024
and 30 June 2025 2,400
NET BOOK VALUE
At 30 June 2025 -
At 30 June 2024 -

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 July 2024 250,000 3,301,030 164,889 265,934 3,981,853
Additions - 285,334 - 14,500 299,834
Disposals - (257,535 ) - (55,630 ) (313,165 )
At 30 June 2025 250,000 3,328,829 164,889 224,804 3,968,522
DEPRECIATION
At 1 July 2024 40,000 2,517,153 117,608 108,608 2,783,369
Charge for year 5,000 261,612 10,860 56,062 333,534
Eliminated on disposal - (211,596 ) - (41,099 ) (252,695 )
At 30 June 2025 45,000 2,567,169 128,468 123,571 2,864,208
NET BOOK VALUE
At 30 June 2025 205,000 761,660 36,421 101,233 1,104,314
At 30 June 2024 210,000 783,877 47,281 157,326 1,198,484

PARTLINE LIMITED (Registered number: 03012761)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2025

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 July 2024 502,500 239,284 741,784
Additions 275,000 - 275,000
Disposals - (33,980 ) (33,980 )
Transfer to ownership - (72,145 ) (72,145 )
At 30 June 2025 777,500 133,159 910,659
DEPRECIATION
At 1 July 2024 108,253 83,291 191,544
Charge for year 118,390 52,740 171,130
Eliminated on disposal - (20,532 ) (20,532 )
Transfer to ownership - (59,368 ) (59,368 )
At 30 June 2025 226,643 56,131 282,774
NET BOOK VALUE
At 30 June 2025 550,857 77,028 627,885
At 30 June 2024 394,247 155,993 550,240

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.25 30.6.24
£    £   
Trade debtors 2,285,276 1,881,851
Other debtors 156,548 124,637
2,441,824 2,006,488

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.25 30.6.24
£    £   
Bank loans and overdrafts - 67,708
Hire purchase contracts 216,164 167,806
Trade creditors 1,260,639 1,037,753
Taxation 481,913 342,214
Other creditors 363,273 316,258
2,321,989 1,931,739

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.25 30.6.24
£    £   
Hire purchase contracts 220,366 232,297

PARTLINE LIMITED (Registered number: 03012761)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2025

9. SECURED DEBTS

The following secured debts are included within creditors:

30.6.25 30.6.24
£    £   
Bank loans - 67,708

Bank borrowings are secured by a debenture over all the assets of the company and a legal charge over freehold property owned by the company.

Hire purchase creditors are secured over the specific fixed assets to which they relate.

10. PENSION COMMITMENTS

The company makes payments to several defined contribution pension schemes and also to the statutory workplace pension scheme, the assets of which are held separately from those of the company in independently administered funds. The pension cost charge for the year amounted to £86,363 (2024 : £85,667).

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2025 and 30 June 2024:

30.6.25 30.6.24
£    £   
W H Clark Snr
Balance outstanding at start of year (150,000 ) (60,000 )
Amounts repaid 25,000 (90,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (125,000 ) (150,000 )

12. ULTIMATE CONTROLLING PARTY

The company is controlled by the three directors who hold 68.60% (2024 : 68.60%) of the original share capital of the company.