REGISTERED NUMBER: 03130913

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

PROFESSIONAL REFURBISHMENT CO. LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S N V Kemp

D Agar

SECRETARY:

D Agar

REGISTERED OFFICE:

222 Upper Richmond Road West

London

SW14 8AH

REGISTERED NUMBER:

03130913

ACCOUNTANTS:

K S Goring & Co Chartered Accountants

222 Upper Richmond Road West

London

SW14 8AH

FIXED ASSETS

Tangible assets

4

3

3

CURRENT ASSETS

Debtors

5

38,329

63,358

Cash at bank and in hand

11,714

47,338

50,043

110,696

CREDITORS

Amounts falling due within one year

6

22,045

16,405

NET CURRENT ASSETS

27,998

94,291

TOTAL ASSETS LESS CURRENT LIABILITIES

28,001

94,294

CREDITORS

Amounts falling due after more than one year

7

-

29,097

NET ASSETS

28,001

65,197

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

27,901

65,097

SHAREHOLDERS' FUNDS

28,001

65,197

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 29 September 2025 and were signed on its behalf by:

S N V Kemp - Director

1.	STATUTORY INFORMATION

Professional Refurbishment Co. Limited is a private company, limited by shares , registered in Not specified/Other. 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

-

4 years

Fixtures and fittings

-

4 years

Motor vehicles

-

4 years

Pension costs and other post-retirement benefits

The company's workplace pension scheme for its employees is provided through automatic enrolment pension scheme in line with Government legislation.

Under the terms of this scheme, employees make pension contributions out of their salaries, and the company also makes additional contributions.

Contributions payable for the year are charged to the profit and loss account in the period to which they relate. Staff contribution are charged to wages and salaries and company contribution are charged to pension cost.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 January 2024

30,160

9,977

81,204

121,341

Disposals

(3,255

)

-

-

(3,255

)

At 31 December 2024

26,905

9,977

81,204

118,086

DEPRECIATION

At 1 January 2024

30,159

9,976

81,203

121,338

Eliminated on disposal

(3,255

)

-

-

(3,255

)

At 31 December 2024

26,904

9,976

81,203

118,083

NET BOOK VALUE

At 31 December 2024

1

1

1

3

At 31 December 2023

1

1

1

3

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

23,123

54,182

Other debtors

15,206

9,176

38,329

63,358

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

21,284

8,422

Taxation and social security

321

269

Other creditors

440

7,714

22,045

16,405

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

-

29,097

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

-

29,097

8.	SECURED DEBTS

The bank overdraft facility is secured by the assets of the company and guaranteed by the directors.

9.	RELATED PARTY DISCLOSURES

1. The company is related to Professional Traders Limited by virtue of both companies having a common board of directors /shareholders relationship.

2. The directors have personally guaranteed the company's bank overdraft facility.

10.	ULTIMATE CONTROLLING PARTY

The director and close family member are the ultimate controlling parties.