1 April 2024 v2025.46.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP046718422024-04-012025-06-30046718422025-06-30046718422024-03-3104671842core:WithinOneYear2025-06-3004671842core:WithinOneYear2024-03-3104671842core:AfterOneYear2024-03-3104671842core:ShareCapital2025-06-3004671842core:ShareCapital2024-03-3104671842core:RetainedEarningsAccumulatedLosses2025-06-3004671842core:RetainedEarningsAccumulatedLosses2024-03-3104671842bus:Director12024-04-012025-06-3004671842bus:RegisteredOffice2024-04-012025-06-3004671842core:FurnitureFittingsToolsEquipment2024-04-012025-06-30046718422023-04-012024-03-3104671842core:PlantMachinery2024-04-0104671842core:PlantMachinery2024-04-012025-06-3004671842core:PlantMachinery2024-03-310467184212024-04-012025-06-3004671842countries:EnglandWales2024-04-012025-06-3004671842bus:AuditExemptWithAccountantsReport2024-04-012025-06-3004671842bus:PrivateLimitedCompanyLtd2024-04-012025-06-3004671842bus:SmallEntities2024-04-012025-06-3004671842bus:FullAccounts2024-04-012025-06-30
Company registration number:
04671842
P D Rees Limited
Unaudited Filleted Financial Statements for the period ended
30 June 2025
P D Rees Limited
Report to the board of directors on the preparation of the unaudited statutory financial statements of P D Rees Limited
Period ended
30 June 2025
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the
financial statements
of
P D Rees Limited
for the period ended
30 June 2025
which comprise the income statement, statement of income and retained earnings, statement of financial position and related notes from the company’s accounting records and from information and explanations you have given me.
As a practising member of the Association of Chartered Certified Accountants, I am subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/​content/​dam/​ACCA_Global/​Members/​Doc/​rule/​2018-rulebook.pdf.
This report is made solely to the Board of Directors of
P D Rees Limited
, as a body, in accordance with the terms of my engagement letter dated 14 May 2025. My work has been undertaken solely to prepare for your approval the
financial statements
of
P D Rees Limited
and state those matters that I have agreed to state to the Board of Directors of
P D Rees Limited
, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at https://www.accaglobal.com/​content/​dam/​ACCA_Global/​Technical/​fact/​tf-163-jan-24.pdf. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than
P D Rees Limited
and its Board of Directors, as a body, for my work or for this report.
It is your duty to ensure that
P D Rees Limited
has kept adequate accounting records and to prepare statutory
financial statements
that give a true and fair view of the assets, liabilities, financial position and loss of
P D Rees Limited
. You consider that
P D Rees Limited
is exempt from the statutory audit requirement for the period.
I have not been instructed to carry out an audit or a review of the financial statements of P D Rees Limited. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.
Emery & Co Accountants Limited
The Old Cottage Hospital
Leicester Road
Ashby de la Zouch
Leicestershire
LE65 1DB
United Kingdom
Date:
24 July 2025
P D Rees Limited
Statement of Financial Position
30 June 2025
30 Jun 202531 Mar 2024
Note££
Fixed assets    
Tangible assets 5 -  
6,304
 
Current assets    
Stocks -  
7,574
 
Debtors 6
2,748
 
18,185
 
Cash at bank and in hand
1,666
 
4,220
 
4,414
 
29,979
 
Creditors: amounts falling due within one year 7
(20,419
 )
(22,852
 )
Net current (liabilities)/assets
(16,005
 )
7,127
 
Total assets less current liabilities (16,005 ) 13,431  
Creditors: amounts falling due after more than one year 8 -  
(11,381
 )
Provisions for liabilities -  
(1,198
 )
Net (liabilities)/assets
(16,005
 )
852
 
Capital and reserves    
Called up share capital
100
 
100
 
Profit and loss account
(16,105
 )
752
 
Shareholders (deficit)/funds
(16,005
 )
852
 
For the period ending
30 June 2025
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
24 July 2025
, and are signed on behalf of the board by:
Mr P Rees
Director
Company registration number:
04671842
P D Rees Limited
Notes to the Financial Statements
Period ended
30 June 2025

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
The Old Cottage Hospital
,
Leicester Road
,
Ashby de la Zouch
,
Leicestershire
,
LE65 1DB
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Judgements and key sources of estimation uncertainty

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Fixtures, fittings and equipment
25% reducing balance

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

Provisions for liabilities

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

4 Average number of employees

The average number of persons employed by the company during the period was
2
(2024:
2.00
).

5 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 April 2024
25,289
 
Disposals
(25,289
 )
At
30 June 2025
 -  
Depreciation  
At
1 April 2024
18,985
 
Disposals
(18,985
 )
At
30 June 2025
 -  
Carrying amount  
At
30 June 2025
 -  
At 31 March 2024
6,304
 

6 Debtors

30 Jun 202531 Mar 2024
££
Other debtors
2,748
 
18,185
 

7 Creditors: amounts falling due within one year

30 Jun 202531 Mar 2024
££
Bank loans and overdrafts -  
8,871
 
Trade creditors
448
 
6,386
 
Amounts owed to group undertakings and undertakings in which the company has a participating interest
8,146
  -  
Taxation and social security -  
4,638
 
Other creditors
11,825
 
2,957
 
20,419
 
22,852
 

8 Creditors: amounts falling due after more than one year

30 Jun 202531 Mar 2024
££
Bank loans and overdrafts -  
11,381
 

10 Controlling party

There is no overall controlling party.