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REGISTERED NUMBER: 06696235 (England and Wales)

PRS Fabrication Services Ltd

Unaudited Financial Statements

for the Year Ended 30 September 2024

| PRS Fabrication Services Ltd (Registered number: 06696235) |

Contents of the Financial Statements

for the Year Ended 30 September 2024

Page |

| Company information | 1 |

| Balance sheet | 2 |

| Notes to the financial statements | 4 |

| PRS Fabrication Services Ltd |

Company Information

for the Year Ended 30 September 2024

| Directors: | M R Simpson

| P R Simpson

| Registered office: | 9 Woodland Avenue

| Hazel Grove

| Stockport

| Cheshire

| SK7 6LQ

| Registered number: | 06696235 (England and Wales)

| Accountants: | Warr & Co Limited

| Chartered Accountants

| Mynshull House

| 78 Churchgate

| Stockport

| Cheshire

| SK1 1YJ

| PRS Fabrication Services Ltd (Registered number: 06696235) |

Balance Sheet

30 September 2024

| 30.9.24 |  | 30.9.23

| Notes | £ | £ |

Fixed assets

Tangible assets | 4 | 26,149 |  | 43,062 |  |

Current assets

Stocks | 13,121 |  | 22,813 |  |

Debtors | 5 | 144,731 |  | 131,389 |  |

Cash at bank | 194,469 |  | 227,435 |  |

352,321 |  | 381,637 |  |

Creditors

Amounts falling due within one year | 6 | (146,313 | ) | (156,674 | ) |

Net current assets | 206,008 |  | 224,963 |  |

Total assets less current liabilities | 232,157 |  | 268,025 |  |

Provisions for liabilities | (6,538 | ) | (10,766 | ) |

Net assets | 225,619 |  | 257,259 |  |

Capital and reserves

Called up share capital | 100 |  | 100 |  |

Retained earnings | 225,519 |  | 257,159 |  |

Shareholders' funds | 225,619 |  | 257,259 |  |

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

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

| PRS Fabrication Services Ltd (Registered number: 06696235) |

Balance Sheet - continued

30 September 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 Income statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 February 2025 and were signed on its behalf by:

M R Simpson - Director

| PRS Fabrication Services Ltd (Registered number: 06696235) |

Notes to the Financial Statements

for the Year Ended 30 September 2024

1. | Statutory information

| PRS Fabrication Services Ltd 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 etc | - | 33% on cost, 25% on cost, 20% on cost and 10% 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.

| 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 Fabrication Services Ltd (Registered number: 06696235) |

Notes to the Financial Statements - continued

for the Year Ended 30 September 2024

2. | 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.

3. | Employees and directors

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

4. | Tangible fixed assets

| Plant and

| machinery

| etc

£ |

| Cost

| At 1 October 2023 | 307,756 |  |

| Additions | 3,257 |  |

| Disposals | (50,286 | ) |

| At 30 September 2024 | 260,727 |  |

| Depreciation

| At 1 October 2023 | 264,694 |  |

| Charge for year | 14,206 |  |

| Eliminated on disposal | (44,322 | ) |

| At 30 September 2024 | 234,578 |  |

| Net book value

| At 30 September 2024 | 26,149 |  |

| At 30 September 2023 | 43,062 |  |

5. | Debtors: amounts falling due within one year |

| 30.9.24 |  | 30.9.23

£ | £ |

| Trade debtors | 85,445 |  | 72,556 |  |

| Amounts owed by associates | 53,900 |  | 54,200 |  |

| Other debtors | 5,386 |  | 4,633 |  |

144,731 |  | 131,389 |  |

| PRS Fabrication Services Ltd (Registered number: 06696235) |

Notes to the Financial Statements - continued

for the Year Ended 30 September 2024

6. | Creditors: amounts falling due within one year |

| 30.9.24 |  | 30.9.23

£ | £ |

| Trade creditors | 56,877 |  | 68,319 |  |

| Amounts owed to associates | 11,823 |  | 14,583 |  |

| Taxation and social security | 47,274 |  | 45,149 |  |

| Other creditors | 30,339 |  | 28,623 |  |

146,313 |  | 156,674 |  |

7. | Other financial commitments

| The company has future operating lease commitments of £13,782 (2023 £41,345).

8. | Related party disclosures

| At the balance sheet date a sum of £53,900 (2023 £54,200) was owed to the company by PRS Contracts Limited.

| The company owed £6,300 (2023 £8,400) to PRS Spray Bay Facilities Limited and £5,523 (2023 £6,183) to PRS Business Group Limited at the year end.

| PRS Contracts Limited, PRS Spray Bay Facilities Limited and PRS Business Group Limited are companies in which P R Simpson and M R Simpson are directors and shareholders.

| The company made sales amounting to in the year to £63,409 (2023, £0) to CHP Power Systems UK Ltd, a company in which P R Simpson and M R Simpson are directors and shareholders.