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Registered number: 01431484
HUGH PRICHARD & CO (NOTTINGHAM) LTD
ACCOUNTS
FOR THE YEAR ENDED 31/12/2024
Prepared By:
Primus Accounting Ltd
Accountancy services
896
Woodborough Road
Nottingham
NG3 5QR
HUGH PRICHARD & CO (NOTTINGHAM) LTD
ACCOUNTS
FOR THE YEAR ENDED 31/12/2024
DIRECTORS
HERBAJAN SINGH
REGISTERED OFFICE
UNIT 1, PRICHARD FACTORY
THIRD AVE, GREASLEY STREET
NOTTINGHAM
NG6 8NG
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 01431484
ACCOUNTANTS
Primus Accounting Ltd
Accountancy services
896
Woodborough Road
Nottingham
NG3 5QR
HUGH PRICHARD & CO (NOTTINGHAM) LTD
ACCOUNTS
FOR THEYEARENDED31/12/2024
CONTENTS
Page
Directors' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
HUGH PRICHARD & CO (NOTTINGHAM) LTD
BALANCE SHEET AT 31/12/2024
20242023
Notes££
FIXED ASSETS
Tangible assets31,7062,559
CURRENT ASSETS
Stock17,52124,433
Debtors5379,666371,147
Cash at bank and in hand4,2958,988
401,482404,568
CREDITORS: Amounts falling due within one year6327,096309,556
NET CURRENT ASSETS74,38695,012
TOTAL ASSETS LESS CURRENT LIABILITIES76,09297,571
CAPITAL AND RESERVES
Called up share capital730,00030,000
Profit and loss account46,09267,571
SHAREHOLDERS' FUNDS76,09297,571
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 01/10/2025 and signed on their behalf by
.............................
HERBAJAN SINGH
Director
HUGH PRICHARD & CO (NOTTINGHAM) LTD
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/12/2024
1. ACCOUNTING POLICIES
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 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Equipmentstraight line 25%
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 pension charge represents the amounts payable by the company to the fund in respect of the year.
2. EMPLOYEES
20242023
No.No.
Average number of employees33
HUGH PRICHARD & CO (NOTTINGHAM) LTD
3. TANGIBLE FIXED ASSETS
Plant andFixtures
Machineryand FittingsEquipmentTotal
££££
Cost
At 01/01/202430,99817,8733,41252,283
At 31/12/202430,99817,8733,41252,283
Depreciation
At 01/01/202430,99817,87385349,724
For the year--853853
At 31/12/202430,99817,8731,70650,577
Net Book Amounts
At 31/12/2024--1,7061,706
At 31/12/2023--2,5592,559
4. STOCK 20242023
££
Stock comprises:
Stock17,52124,433
17,52124,433
5. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors14,7907,046
Other debtors330,000330,000
Amounts due from group companies34,10134,101
Prepayments775-
379,666371,147
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
VAT744802
Directors current account303,432295,631
Trade creditors21,12612,113
Other creditors1,7941,010
327,096309,556
HUGH PRICHARD & CO (NOTTINGHAM) LTD
7. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
30000 Ordinary shares of £1 each3000030000
30,00030,000