Company Registration No. 10014558 (England and Wales)
PRD Equipment Solutions Ltd
Unaudited accounts
for the year ended 31 March 2025
PRD Equipment Solutions Ltd
Statement of financial position
as at 31 March 2025
Tangible assets
2,360
2,542
Cash at bank and in hand
48,229
51,852
Creditors: amounts falling due within one year
(66,294)
(12,920)
Net current assets
47,464
47,939
Total assets less current liabilities
49,824
50,481
Provisions for liabilities
Called up share capital
400
400
Profit and loss account
48,976
49,598
Shareholders' funds
49,376
49,998
For the year ending 31 March 2025 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 6 October 2025 and were signed on its behalf by
Mr P Daniels
Director
Company Registration No. 10014558
PRD Equipment Solutions Ltd
Notes to the Accounts
for the year ended 31 March 2025
PRD Equipment Solutions Ltd is a private company, limited by shares, registered in England and Wales, registration number 10014558. The registered office is Organia House, Bradford Road, GUISELEY, West Yorkshire, LS20 8NH, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing Balance
Fixtures & fittings
20% Straight Line
Computer equipment
33% Straight Line
Stocks have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
PRD Equipment Solutions Ltd
Notes to the Accounts
for the year ended 31 March 2025
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Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2024
1,806
932
3,807
6,545
At 31 March 2025
2,698
932
3,807
7,437
At 1 April 2024
861
673
2,469
4,003
Charge for the year
326
156
592
1,074
At 31 March 2025
1,187
829
3,061
5,077
At 31 March 2025
1,511
103
746
2,360
At 31 March 2024
945
259
1,338
2,542
Amounts falling due within one year
Trade debtors
64,513
7,803
Accrued income and prepayments
1,016
1,204
6
Creditors: amounts falling due within one year
2025
2024
Trade creditors
47,813
1,413
Taxes and social security
9,495
7,804
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Transactions with related parties
Dividends of £38,963 (2024 - £17,808) were paid during the year.
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Average number of employees
During the year the average number of employees was 3 (2024: 2).