REGISTERED NUMBER: 06008194 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

PRESTON DRYLINERS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G Smith

C Winstanley

SECRETARY:

Mrs R Smith

REGISTERED OFFICE:

Unit 7

233 Eldon Street

Ashton-On-Ribble

Preston

Lancashire

PR2 2BB

REGISTERED NUMBER:

06008194 (England and Wales)

ACCOUNTANTS:

RfM Preston Ltd

Chartered Accountants

Unit 1, Guest House Farm

Runshaw Lane

Euxton

Chorley

Lancashire

PR7 6HD

FIXED ASSETS

Tangible assets

4

149,693

141,855

Investments

5

2

2

149,695

141,857

CURRENT ASSETS

Debtors

6

610,580

510,584

Cash at bank and in hand

8,533

62,960

619,113

573,544

CREDITORS

Amounts falling due within one year

7

233,566

190,001

NET CURRENT ASSETS

385,547

383,543

TOTAL ASSETS LESS CURRENT LIABILITIES

535,242

525,400

PROVISIONS FOR LIABILITIES

36,693

34,702

NET ASSETS

498,549

490,698

CAPITAL AND RESERVES

Called up share capital

102

102

Retained earnings

498,447

490,596

498,549

490,698

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 21 November 2025 and were signed on its behalf by:

G Smith - Director

C Winstanley - Director

1.	STATUTORY INFORMATION

Preston Dryliners 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.

RELATED PARTY EXEMPTION

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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

-

20% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

20% on cost

INVESTMENTS IN SUBSIDIARIES

Investments in subsidiary undertakings are recognised at 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 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.

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 13 (2024 - 13 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 April 2024

64,813

4,024

386,795

455,632

Additions

-

-

68,145

68,145

Disposals

-

-

(47,266

)

(47,266

)

At 31 March 2025

64,813

4,024

407,674

476,511

DEPRECIATION

At 1 April 2024

57,664

4,024

252,089

313,777

Charge for year

2,421

-

56,882

59,303

Eliminated on disposal

-

-

(46,262

)

(46,262

)

At 31 March 2025

60,085

4,024

262,709

326,818

NET BOOK VALUE

At 31 March 2025

4,728

-

144,965

149,693

At 31 March 2024

7,149

-

134,706

141,855

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2024

and 31 March 2025

2

NET BOOK VALUE

At 31 March 2025

2

At 31 March 2024

2

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

65,572

96,143

Other debtors

4,560

70,746

Directors' current accounts

508,829

325,185

Prepayments and accrued income

31,619

18,510

610,580

510,584

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

56,930

2,502

Amounts owed to group undertakings

139,614

119,614

Social security and other taxes

14,090

14,279

VAT

18,513

12,443

Other creditors

1,419

1,275

Directors' current accounts

-

36,888

Accruals and deferred income

3,000

3,000

233,566

190,001

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 31 March 2025 and the period ended 31 March 2024:

2025

2024

£

£

C Winstanley

Balance outstanding at start of year

(36,888

)

86,812

Amounts advanced

145,717

151,112

Amounts repaid

-

(274,812

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

108,829

(36,888

)

G Smith

Balance outstanding at start of year

325,185

162,551

Amounts advanced

159,007

325,185

Amounts repaid

(84,192

)

(162,551

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

400,000

325,185

Overdrawn balances are repaid within nine months of the balance sheet date. Interest is charged on overdrawn balances.