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REGISTERED NUMBER: 06741244 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

P R ELFORD LIMITED

P R ELFORD LIMITED (REGISTERED NUMBER: 06741244)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


P R ELFORD LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: P R Elford
Mrs J Barrett





REGISTERED OFFICE: 18 High West Street
Dorchester
Dorset
DT1 1UW





REGISTERED NUMBER: 06741244 (England and Wales)





ACCOUNTANTS: Pugsley Revill
18 High West Street
Dorchester
Dorset
DT1 1UW

P R ELFORD LIMITED (REGISTERED NUMBER: 06741244)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 40,000 50,000
Tangible assets 5 117,244 75,320
157,244 125,320

CURRENT ASSETS
Stocks 37,968 42,182
Debtors 6 71,152 86,118
Cash at bank 143,483 153,274
252,603 281,574
CREDITORS
Amounts falling due within one year 7 286,364 289,341
NET CURRENT LIABILITIES (33,761 ) (7,767 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

123,483

117,553

CREDITORS
Amounts falling due after more than one
year

8

(30,400

)

(27,545

)

PROVISIONS FOR LIABILITIES 10 (22,276 ) (18,830 )
NET ASSETS 70,807 71,178

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 70,707 71,078
SHAREHOLDERS' FUNDS 70,807 71,178

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.

P R ELFORD LIMITED (REGISTERED NUMBER: 06741244)

BALANCE SHEET - continued
31 DECEMBER 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 Board of Directors and authorised for issue on 21 August 2025 and were signed on its behalf by:




P R Elford - Director



Mrs J Barrett - Director


P R ELFORD LIMITED (REGISTERED NUMBER: 06741244)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

P R Elford 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 equipment - 20% on reducing balance
Furniture and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Office and computer equipment - 25% on reducing balance

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

Cost includes all direct costs and an appropriate proportion of fixed and variable overheads,
and in the case of work in progress a proportion of attributable profit.

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.


P R ELFORD LIMITED (REGISTERED NUMBER: 06741244)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 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 21 (2023 - 19 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 200,000
AMORTISATION
At 1 January 2024 150,000
Amortisation for year 10,000
At 31 December 2024 160,000
NET BOOK VALUE
At 31 December 2024 40,000
At 31 December 2023 50,000

P R ELFORD LIMITED (REGISTERED NUMBER: 06741244)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

5. TANGIBLE FIXED ASSETS
Office
Furniture and
Plant and and Motor computer
equipment fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2024 41,012 6,254 197,703 28,101 273,070
Additions 520 - 64,949 2,071 67,540
Disposals - - (37,453 ) - (37,453 )
At 31 December 2024 41,532 6,254 225,199 30,172 303,157
DEPRECIATION
At 1 January 2024 34,057 5,724 135,348 22,621 197,750
Charge for year 1,495 106 19,295 1,888 22,784
Eliminated on disposal - - (34,621 ) - (34,621 )
At 31 December 2024 35,552 5,830 120,022 24,509 185,913
NET BOOK VALUE
At 31 December 2024 5,980 424 105,177 5,663 117,244
At 31 December 2023 6,955 530 62,355 5,480 75,320

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 January 2024 66,555
Additions 46,249
At 31 December 2024 112,804
DEPRECIATION
At 1 January 2024 20,422
Charge for year 15,440
At 31 December 2024 35,862
NET BOOK VALUE
At 31 December 2024 76,942
At 31 December 2023 46,133

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 71,152 86,118

P R ELFORD LIMITED (REGISTERED NUMBER: 06741244)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 7,825 7,825
Hire purchase contracts 21,311 15,000
Trade creditors 155,486 159,394
Taxation and social security 51,255 64,792
Other creditors 50,487 42,330
286,364 289,341

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 9,137 16,962
Hire purchase contracts 21,263 10,583
30,400 27,545

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 16,962 24,787
Hire purchase contracts 42,574 25,583
59,536 50,370

Barclays Bank PLC hold a £100,000 personal guarantee from the directors in respect of any overdrawn bank balances or loans.

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 22,276 18,830

Deferred
tax
£   
Balance at 1 January 2024 18,830
Charge to Statement of Income and Retained Earnings during year 3,446
Balance at 31 December 2024 22,276

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary A £1 100 100