REGISTERED NUMBER: 05102011 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2025

for

Priory Engineering Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C Dacey

J Dacey

SECRETARY:

D J Dacey

REGISTERED OFFICE:

Crackley Gates Farm

Crackley Gates

Leycett

Newcastle under Lyme

Staffordshire

ST5 6AW

REGISTERED NUMBER:

05102011 (England and Wales)

ACCOUNTANTS:

Gilligans Limited

Unit 4 Lymedale Business Centre

Hooters Hall Road

Lymedale Business Park

Newcastle under Lyme

Staffordshire

ST5 9QF

FIXED ASSETS

Tangible assets

4

20,982

44,963

CURRENT ASSETS

Stocks

4,910

4,480

Debtors

5

76,908

59,369

Cash at bank

8,426

11,635

90,244

75,484

CREDITORS

Amounts falling due within one year

6

90,876

75,867

NET CURRENT LIABILITIES

(632

)

(383

)

TOTAL ASSETS LESS CURRENT LIABILITIES

20,350

44,580

CREDITORS

Amounts falling due after more than one year

7

(6,067

)

(10,533

)

PROVISIONS FOR LIABILITIES

(3,870

)

(3,870

)

NET ASSETS

10,413

30,177

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

10,213

29,977

SHAREHOLDERS' FUNDS

10,413

30,177

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 27 November 2025 and were signed on its behalf by:

C Dacey - Director

1.	STATUTORY INFORMATION

Priory Engineering 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.

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.

Plant and machinery

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 6 (2024 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 May 2024

156,209

55,735

211,944

Disposals

-

(32,795

)

(32,795

)

At 30 April 2025

156,209

22,940

179,149

DEPRECIATION

At 1 May 2024

134,311

32,670

166,981

Charge for year

4,379

1,155

5,534

Eliminated on disposal

-

(14,348

)

(14,348

)

At 30 April 2025

138,690

19,477

158,167

NET BOOK VALUE

At 30 April 2025

17,519

3,463

20,982

At 30 April 2024

21,898

23,065

44,963

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Trade debtors

76,908

59,369

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Bank loans and overdrafts

2,800

6,800

Trade creditors

53,016

34,210

Taxation and social security

15,383

14,829

Other creditors

19,677

20,028

90,876

75,867

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.25

30.4.24

£

£

Bank loans

6,067

10,533

8.	RELATED PARTY DISCLOSURES

9.	ULTIMATE CONTROLLING PARTY

The controlling party is C Dacey.