REGISTERED NUMBER: 11158903 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st January 2025

for

PRL Young Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

P R Young

SECRETARY:

REGISTERED OFFICE:

C/O AMM

4 Longlands

West End Gardens

Fairford

Gloucestershire

GL7 4LG

REGISTERED NUMBER:

11158903 (England and Wales)

ACCOUNTANTS:

AMM Bookkeeping & Accountancy

4 Longlands

West End Gardens

Fairford

Gloucestershire

GL7 4LG

FIXED ASSETS

Tangible assets

4

74,349

36,690

CURRENT ASSETS

Debtors

5

19,196

70,331

Cash at bank

40,099

23,540

59,295

93,871

CREDITORS

Amounts falling due within one year

6

(50,270

)

(62,191

)

NET CURRENT ASSETS

9,025

31,680

TOTAL ASSETS LESS CURRENT LIABILITIES

83,374

68,370

CREDITORS

Amounts falling due after more than one year

7

(52,050

)

(25,184

)

NET ASSETS

31,324

43,186

CAPITAL AND RESERVES

Called up share capital

12

12

Retained earnings

31,312

43,174

31,324

43,186

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 3rd October 2025 and were signed by:

P R Young - Director

1.	STATUTORY INFORMATION

PRL Young Ltd is a private company, registered in England and Wales. The principle place of business is Cricket Cottage, London Road, Fairford, Glos, GL7 4AY.

The financial statements are presented in UK Sterling pounds (£).

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.

Land and buildings

-

10% on cost

Plant and machinery etc

-

50% on cost, 33% on cost, 20% on cost and 10% on cost

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1st February 2024

23,960

45,383

69,343

Additions

-

58,931

58,931

At 31st January 2025

23,960

104,314

128,274

DEPRECIATION

At 1st February 2024

9,334

23,319

32,653

Charge for year

2,396

18,876

21,272

At 31st January 2025

11,730

42,195

53,925

NET BOOK VALUE

At 31st January 2025

12,230

62,119

74,349

At 31st January 2024

14,626

22,064

36,690

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Trade debtors

15,471

54,655

Other debtors

3,725

15,676

19,196

70,331

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans and overdrafts

6,390

6,087

Trade creditors

5,451

-

Taxation and social security

19,810

36,597

Other creditors

18,619

19,507

50,270

62,191

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans

18,427

25,184

Hire purchase contracts

33,623

-

52,050

25,184

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

1,551

5,426

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Mr P R Young, director of the company had an overdrawn directors loan account of £nil (2024: £10,458) at the end of the year.