| Registered Number:08308992 |
For the year ended 31 July 2025
England and Wales
Unaudited Financial Statements
For the year ended 31 July 2025
Priority Rocks Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
Priority Rocks Ltd
Statement of Financial Position
2024
2025
| Property, plant and equipment |
1,675
2,234
2
1,675
2,234
| Trade and other receivables |
876
21,318
3
241,431
| Cash and cash equivalents |
261,998
283,316
242,307
| Trade and other payables: amounts falling due within one year |
(85,780)
(107,009)
4
156,527
176,307
Net current assets
| Total assets less current liabilities |
177,982
158,761
177,982
Net assets
158,761
100
100
177,882
158,661
177,982
158,761
Shareholders' funds
| For the year ended 31 July 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 of its financial statements for the year ended 31 July 2025 in accordance with Section 476 of the Companies Act 2006 |
| The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
| These financial statements were approved and authorised for issue by the Board on 24 November 2025 and were signed by: |
| The notes form part of these financial statements |
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For the year ended 31 July 2025
Priority Rocks Ltd
Notes to the Financial Statements
Statutory Information
| Priority Rocks Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number 08308992. |
64 Kenwood Drive
Beckenham
BR3 6QZ
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 'The |
| Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have |
| been prepared under the historical costs convention as modified by the revaluation of certain assets. |
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
| Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and machinery
Computer equipment
Fixtures and fittings
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
| 2. Property, plant and equipment |
5,300
850
500
3,950
3,950
500
850
5,300
| Provision for depreciation and impairment |
3,066
492
289
2,285
Charge for year
559
90
53
416
3,625
582
342
2,701
1,249
158
268
1,675
1,665
211
358
2,234
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For the year ended 31 July 2025
Priority Rocks Ltd
Notes to the Financial Statements Continued
| 3. Trade and other receivables |
2024
2025
21,318
876
| 4. Trade and other payables: amounts falling due within one year |
2024
2025
864
288
| Taxation and social security |
22,086
13,688
84,059
71,804
107,009
85,780
| 5. Average number of persons employed |
During the year the average number of employees was 1 (2024 : 1)
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