REGISTERED NUMBER: 11085107 (England and Wales)

PRS Spray Bay Facilities Limited

Unaudited Financial Statements

for the Year Ended 30 September 2024

Page

Company information

1

Balance sheet

2

Notes to the financial statements

4

Directors:

M R Simpson

P R Simpson

Secretary:

M R Simpson

Registered office:

9 Woodland Avenue

Hazel Grove

Stockport

Cheshire

SK7 6LQ

Registered number:

11085107 (England and Wales)

Accountants:

Warr & Co Limited

Chartered Accountants

Mynshull House

78 Churchgate

Stockport

Cheshire

SK1 1YJ

Fixed assets

Tangible assets

4

2,697

3,596

Current assets

Debtors

5

6,300

8,400

Cash at bank and in hand

18,053

24,413

24,353

32,813

Creditors

Amounts falling due within one year

6

(7,879

)

(22,595

)

Net current assets

16,474

10,218

Total assets less current liabilities

19,171

13,814

Capital and reserves

Called up share capital

100

100

Retained earnings

19,071

13,714

Shareholders' funds

19,171

13,814

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.

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

1.	Statutory information

PRS Spray Bay Facilities 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.

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 and 25% on reducing balance

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.

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.

3.	Employees and directors

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

4.	Tangible fixed assets

Plant and

machinery

etc

£

Cost

At 1 October 2023

15,127

Disposals

(600

)

At 30 September 2024

14,527

Depreciation

At 1 October 2023

11,531

Charge for year

899

Eliminated on disposal

(600

)

At 30 September 2024

11,830

Net book value

At 30 September 2024

2,697

At 30 September 2023

3,596

5.

Debtors: amounts falling due within one year

30.9.24

30.9.23

£

£

Amounts owed by associates

6,300

8,400

6.

Creditors: amounts falling due within one year

30.9.24

30.9.23

£

£

Trade creditors

3,042

3,391

Taxation and social security

3,737

19,204

Other creditors

1,100

-

7,879

22,595

7.	Other financial commitments

The company has future operating lease commitments of £7,880 (2023 - £21,389)

8.	Related party disclosures

At the balance sheet date £6.300 (2023: £8,400) was owed to the company by PRS Fabrication Services Limited.

PRS Fabrication Services Limited and PRS Contracts Limited are companies in which P R Simpson and M R Simpson are directors and shareholders.