REGISTERED NUMBER: 13006139 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 May 2025

for

D Price & Sons Ltd

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Tangible assets

4

102,184

155,690

CURRENT ASSETS

Stocks

10,000

20,000

Debtors

5

14,695

11,786

Cash at bank and in hand

1,399

2,695

26,094

34,481

CREDITORS

Amounts falling due within one year

6

77,079

100,782

NET CURRENT LIABILITIES

(50,985

)

(66,301

)

TOTAL ASSETS LESS CURRENT LIABILITIES

51,199

89,389

CREDITORS

Amounts falling due after more than one year

7

-

(60,940

)

PROVISIONS FOR LIABILITIES

(6,701

)

(28,393

)

NET ASSETS

44,498

56

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

44,497

55

SHAREHOLDERS' FUNDS

44,498

56

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 profit & Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 August 2025 and were signed by:

Mr David Howell Price - Director

1.	STATUTORY INFORMATION

D Price & Sons Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

13006139

Registered office:

Ebenezer House

Ryecroft

Newcastle-under-Lyme

Staffordshire

ST5 2BE

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Revenue is recognised as the company becomes entitled to consideration for the goods and services supplied. Therefore, turnover also includes the element of work completed but not yet invoiced on service contracts.

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 machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the profit & Loss Account, 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

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.

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 1 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 June 2024

35,647

170,644

83,528

2,196

292,015

Additions

1,500

45,266

-

-

46,766

Disposals

-

(157,167

)

-

-

(157,167

)

At 31 May 2025

37,147

58,743

83,528

2,196

181,614

DEPRECIATION

At 1 June 2024

-

86,589

48,289

1,447

136,325

Charge for year

-

12,745

8,810

375

21,930

Eliminated on disposal

-

(78,825

)

-

-

(78,825

)

At 31 May 2025

-

20,509

57,099

1,822

79,430

NET BOOK VALUE

At 31 May 2025

37,147

38,234

26,429

374

102,184

At 31 May 2024

35,647

84,055

35,239

749

155,690

Leasehold improvements are not being depreciated within the accounts under the agreement from the directors.

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

£

COST

At 1 June 2024

157,167

Disposals

(157,167

)

At 31 May 2025

-

DEPRECIATION

At 1 June 2024

78,825

Eliminated on disposal

(78,825

)

At 31 May 2025

-

NET BOOK VALUE

At 31 May 2025

-

At 31 May 2024

78,342

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

-

805

Amounts owed by associates

13,446

9,886

Other debtors

1,249

1,095

14,695

11,786

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

-

12,728

Hire purchase contracts

-

30,874

Trade creditors

4,408

25,384

Amounts owed to associates

12,772

11,772

Taxation and social security

5,088

8,974

Other creditors

54,811

11,050

77,079

100,782

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

-

14,848

Hire purchase contracts

-

46,092

-

60,940

8.	RELATED PARTY DISCLOSURES

At the year end 31st May 2025 the following amounts were outstanding to related Companies:

Moorview Group Limited is owed £6,772 (2024: £5,772)

D Price Group is owed £6,000 (2024: £6,000)

D.P. Skip Hire Limited owes £13,446 (2024: £9,886)