REGISTERED NUMBER: 04125497 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

FOR

PVR DIRECT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

P Rooker

SECRETARY:

P Rooker

REGISTERED OFFICE:

3 The Orchard

Stanton Drew

Bristol

Somerset

BS39 4DS

REGISTERED NUMBER:

04125497 (England and Wales)

ACCOUNTANTS:

Keller & Co

367b Church Road

Frampton Cotterell

Bristol

BS36 2AQ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

17,909

301

17,909

301

CURRENT ASSETS

Stocks

69,356

67,718

Debtors

6

319,755

357,544

Cash at bank

195,133

551,485

584,244

976,747

CREDITORS

Amounts falling due within one year

7

(231,348

)

(262,400

)

NET CURRENT ASSETS

352,896

714,347

TOTAL ASSETS LESS CURRENT LIABILITIES

370,805

714,648

CREDITORS

Amounts falling due after more than one year

8

(11,597

)

(14,157

)

NET ASSETS

359,208

700,491

CAPITAL AND RESERVES

Called up share capital

50,100

50,100

Retained earnings

309,108

650,391

SHAREHOLDERS' FUNDS

359,208

700,491

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 September 2025 and were signed by:

P Rooker - Director

1.	STATUTORY INFORMATION

PVR Direct 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 2001, 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 machinery

-

25% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% 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 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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 February 2024

and 31 January 2025

64,049

AMORTISATION

At 1 February 2024

and 31 January 2025

64,049

NET BOOK VALUE

At 31 January 2025

-

At 31 January 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 February 2024

5,666

11,009

-

57,313

73,988

Additions

-

-

23,600

-

23,600

At 31 January 2025

5,666

11,009

23,600

57,313

97,588

DEPRECIATION

At 1 February 2024

5,652

10,745

-

57,290

73,687

Charge for year

3

66

5,900

23

5,992

At 31 January 2025

5,655

10,811

5,900

57,313

79,679

NET BOOK VALUE

At 31 January 2025

11

198

17,700

-

17,909

At 31 January 2024

14

264

-

23

301

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

Motor

vehicles

£

COST

Additions

23,600

At 31 January 2025

23,600

DEPRECIATION

Charge for year

5,900

At 31 January 2025

5,900

NET BOOK VALUE

At 31 January 2025

17,700

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

207,607

245,396

Other debtors

112,148

112,148

319,755

357,544

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

9,950

10,010

Hire purchase contracts

2,160

-

Trade creditors

79,362

129,388

Taxation and social security

90,722

73,935

Other creditors

49,154

49,067

231,348

262,400

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

4,217

14,157

Hire purchase contracts

7,380

-

11,597

14,157

9.	OTHER FINANCIAL COMMITMENTS

The company has future operating lease commitments of £7,225.

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2025 and 31 January 2024:

2025

2024

£

£

P Rooker

Balance outstanding at start of year

(46,178

)

(4,705

)

Amounts advanced

-

2,169

Amounts repaid

(642

)

(43,642

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(46,820

)

(46,178

)