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01243441falsemanufacturing leather and nylon goods for carrying secutiry equipment with the sale thereof, and associated products2024-01-012024-12-31http://www.companieshouse.gov.uk/2023-12-31http://www.companieshouse.gov.uk/cd:CompanySecretary12024-01-012024-12-31http://www.companieshouse.gov.uk/pt:PlantMachinery2023-12-31http://www.companieshouse.gov.uk/pt:ShareCapital2023-12-31http://www.companieshouse.gov.uk/cd:Director12024-01-012024-12-31http://www.companieshouse.gov.uk/pt:PlantMachinery2024-12-31http://www.companieshouse.gov.uk/pt:ShareCapital2024-12-31http://www.companieshouse.gov.uk/cd:Director22024-01-012024-12-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12024-01-012024-12-31http://www.companieshouse.gov.uk/pt:PatentsTrademarksLicencesConcessionsSimilar2023-12-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2024-01-012024-12-31http://www.companieshouse.gov.uk/pt:PatentsTrademarksLicencesConcessionsSimilar2024-12-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2024-01-012024-12-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-12-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-12-31http://www.companieshouse.gov.uk/2024-01-012024-12-31http://www.companieshouse.gov.uk/2023-12-31http://www.companieshouse.gov.uk/cd:FRS1022024-01-012024-12-31http://www.companieshouse.gov.uk/2024-12-31http://www.companieshouse.gov.uk/cd:FullAccounts2024-01-012024-12-31http://www.companieshouse.gov.uk/pt:LandBuildings2023-12-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2024-01-012024-12-31http://www.companieshouse.gov.uk/pt:LandBuildings2024-12-31iso4217:GBPxbrli:sharesxbrli:pure


Registered number: 01243441






PRICE WESTERN LEATHER CO LTD


ACCOUNTS

FOR THE YEAR ENDED 31/12/2024
























Prepared By:
Ian Dalzell Ltd
Broughton Lodge Mews
Field Broughton
Grange-over-Sands
Cumbria
LA11 6HL


ACCOUNTS
FOR THE YEAR ENDED 31/12/2024





DIRECTORS
J J Littlewood
G A Littlewood



SECRETARY
Mr G A Littlewood


REGISTERED OFFICE
Ponsford Road
Minehead
Somerset
TA24 5DX


COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 01243441



ACCOUNTANTS
Ian Dalzell Ltd
Broughton Lodge Mews
Field Broughton
Grange-over-Sands
Cumbria
LA11 6HL


ACCOUNTS
FOR THEYEARENDED31/12/2024



CONTENTS



		Page

Directors' Report		-

Accountants' Report		-

Statement Of Comprehensive Income		-

Balance Sheet		3

Notes To The Accounts		4


The following do not form part of the statutory financial statements:

Trading And Profit And Loss Account		-

Profit And Loss Account Summaries		-


BALANCE SHEET AT 31/12/2024

			2024		2023
	Notes		£		£

FIXED ASSETS
Intangible assets	2		817		957
Tangible assets	3		1,753,041		1,299,971
Investment Assets	4		1,070		1,070

			1,754,928		1,301,998

CURRENT ASSETS
Stock		565,576		647,128
Debtors	6	1,096,052		1,323,053
Cash at bank and in hand		204,965		279,847
		1,866,593		2,250,028
CREDITORS: Amounts falling due within one year	7	386,330		705,130
NET CURRENT ASSETS			1,480,263		1,544,898
TOTAL ASSETS LESS CURRENT LIABILITIES			3,235,191		2,846,896


CREDITORS: Amounts falling due after more than one year	8		764,248		482,631


PROVISIONS FOR LIABILITIES AND CHARGES	10		246,993		146,335

NET ASSETS			2,223,950		2,217,930

CAPITAL AND RESERVES

Called up share capital	11		100		100
Profit and loss account			2,223,850		2,217,830
SHAREHOLDERS' FUNDS			2,223,950		2,217,930

For the year ending 31/12/2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.

Approved by the board on 24/08/2025 and signed on their behalf by



.............................
J J Littlewood
Director


1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Land And Buildings		reducing balance 15%
Plant and Machinery		reducing balance 15 to 33.3%


1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .


1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.


1d. Pension Costs
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The cost of contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.


1e. Foreign Currency
Transactions in currencies, other than the functional currency of the company, are recorded at the rate of the exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. All differences are taken to the profit and loss account. Non-monetary items that are measured at the historic cost in a foreign currency are not retranslated.


1f. Investments
Fixed asset investments are shown at cost less amounts written off.
Provisions are not made for temporary fluctuations in value but where a value is deemed to be materially lower, then a provison is made.


1g. Leases
Assets held under finance leases and hire purchase contracts are capitalised in the balance sheet at their fair value and depreciated over their expected useful lives. The interest element of leasing payments represents a constant proportion of the capital balance outstanding and is charged to the profit and loss account over the period of the lease. All other leases are regarded as operating leases and the payments made under them are charged to the profit and loss account on a straight line basis over the lease term.


2. INTANGIBLE FIXED ASSETS


	Patents	Total
	£	£
Cost
At 01/01/2024	1,400	1,400
At 31/12/2024	1,400	1,400
Depreciation
At 01/01/2024	443	443
For the year	140	140
At 31/12/2024	583	583
Net Book Amounts
At 31/12/2024	817	817
At 31/12/2023	957	957


3. TANGIBLE FIXED ASSETS

	Land And	Plant and
	Buildings	Machinery	Total
	£	£	£
Cost
At 01/01/2024	773,967	1,467,736	2,241,703
Additions	196,357	453,052	649,409
Disposals	-	(11,799)	(11,799)
At 31/12/2024	970,324	1,908,989	2,879,313
Depreciation
At 01/01/2024	47,792	893,940	941,732
Disposals	-	(5,723)	(5,723)
For the year	23,529	166,734	190,263
At 31/12/2024	71,321	1,054,951	1,126,272
Net Book Amounts
At 31/12/2024	899,003	854,038	1,753,041
At 31/12/2023	726,175	573,796	1,299,971


4. FINANCIAL ASSETS

	Other
	Investments	Total
	£	£
Cost
At 01/01/2024	1,070	1,070
At 31/12/2024	1,070	1,070
Amortisation
Net Book Amounts
At 31/12/2024	1,070	1,070
At 31/12/2023	1,070	1,070
Other Investment Assets comprise Deactivated Weapons.


5. STOCK	2024	2023
	£	£
Stock comprises:

Stock raw materials	386,104	527,399
Work in progress	40,432	51,826
Stock of finished goods	139,040	67,903
	565,576	647,128


6. DEBTORS	2024	2023
	£	£
Amounts falling due within one year
Trade debtors	411,652	255,681
UK corporation tax	48,073	-
Amounts due from group companies	552,704	791,657
Prepayments	83,623	275,715
	1,096,052	1,323,053
Amount owing from Group Company due after one year £552,704 (2023: £791,657)


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	2024	2023
	£	£
UK corporation tax	-	67,688
VAT	46,427	34,705
PAYE control	5,574	38,693
Bank loans and overdrafts	465	3,032
Mortgage	21,059	8,227
Hire purchase	62,694	29,061
Payments received on account	107	-
Trade creditors	189,780	472,374
Pension schemes	1,983	2,783
Accruals	58,241	48,567
	386,330	705,130

Included in Other Creditors is £83,753 (2023: £37,288) is repayable by instalments.


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
	2024	2023
	£	£
Bank loans (secured) >1yr	437,759	389,364
Hire purchase >1yr	160,889	32,475
Deferred income>1yr	165,600	60,792
	764,248	482,631

Hire Purchase and Finance Leases: £160,889 (2023: £29,061 is repayable by instalments after one year and within five years. £nil is repayable by instalments after 5 years. Bank Loan (secured): £101,856 (2023: £40,792) is repayable by instalments after one year and within five years. £335,903 (2023: £348,492) is repayable by instalments after 5 years.


9. EMPLOYEES

	2024	2023
	No.	No.
Average number of employees	39	36


10. PROVISIONS FOR LIABILITIES	2024	2023
	£	£
Deferred taxation	246,993	146,335
	246,993	146,335


11. SHARE CAPITAL	2024	2023
	£	£
Allotted, issued and fully paid:
100 Ordinary shares of £1 each	100	100
	100	100


12. CONTROLLING PARTY
The company is a wholly owned subsidiary of JJL Holding Company Ltd, a company registered in England.