REGISTERED NUMBER: 08669271 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

PRODIG (NW) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A Jones

D Jones

R C Jones

SECRETARY:

Miss G Morris

REGISTERED OFFICE:

19 Denbigh Street

Llanrwst

Conwy

LL26 0LL

REGISTERED NUMBER:

08669271 (England and Wales)

ACCOUNTANTS:

Iona Edwards cyf

Chartered Accountant

19 Denbigh Street

Llanrwst

Conwy

LL26 0LL

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

864,176

916,902

864,176

916,902

CURRENT ASSETS

Stocks

192,087

156,126

Debtors

6

1,680,887

1,682,939

Cash at bank

290,764

116,061

2,163,738

1,955,126

CREDITORS

Amounts falling due within one year

7

798,232

581,919

NET CURRENT ASSETS

1,365,506

1,373,207

TOTAL ASSETS LESS CURRENT LIABILITIES

2,229,682

2,290,109

CREDITORS

Amounts falling due after more than one year

8

(557,348

)

(604,804

)

PROVISIONS FOR LIABILITIES

(206,121

)

(166,188

)

NET ASSETS

1,466,213

1,519,117

CAPITAL AND RESERVES

Called up share capital

3

3

Retained earnings

1,466,210

1,519,114

1,466,213

1,519,117

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 30 September 2025 and were signed on its behalf by:

R C Jones - Director

1.	STATUTORY INFORMATION

PRODIG (NW) 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 2013, is being amortised evenly over its estimated useful life of ten 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.

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 18 (2023 - 16 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

183,500

AMORTISATION

At 1 January 2024

and 31 December 2024

183,500

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2024

1,829,660

303,203

1,776

2,134,639

Additions

32,085

89,582

-

121,667

At 31 December 2024

1,861,745

392,785

1,776

2,256,306

DEPRECIATION

At 1 January 2024

998,755

217,207

1,775

1,217,737

Charge for year

130,499

43,894

-

174,393

At 31 December 2024

1,129,254

261,101

1,775

1,392,130

NET BOOK VALUE

At 31 December 2024

732,491

131,684

1

864,176

At 31 December 2023

830,905

85,996

1

916,902

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

175,351

145,390

Other debtors

1,505,536

1,537,549

1,680,887

1,682,939

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

34,583

34,821

Hire purchase contracts

217,548

278,134

Trade creditors

482,403

206,779

Taxation and social security

24,617

17,718

Other creditors

39,081

44,467

798,232

581,919

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

288,314

269,356

Hire purchase contracts

269,034

335,448

557,348

604,804

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

284,147

155,906