REGISTERED NUMBER: 06986757 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

PRB Drainage Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

P R Blake

REGISTERED OFFICE:

First Floor

7 Marina Court

Maple Drive

Hinckley

LE10 3BF

REGISTERED NUMBER:

06986757 (England and Wales)

ACCOUNTANTS:

Gopsall Services Limited

First Floor

7 Marina Court

Maple Drive

Hinckley

LE10 3BF

FIXED ASSETS

Intangible assets

4

4,000

6,000

Tangible assets

5

669,337

789,904

673,337

795,904

CURRENT ASSETS

Debtors

6

199,552

240,309

Cash at bank

7,000

1,001

206,552

241,310

CREDITORS

Amounts falling due within one year

7

395,407

433,233

NET CURRENT LIABILITIES

(188,855

)

(191,923

)

TOTAL ASSETS LESS CURRENT LIABILITIES

484,482

603,981

CREDITORS

Amounts falling due after more than one year

8

(249,791

)

(444,201

)

PROVISIONS FOR LIABILITIES

(163,041

)

(130,518

)

NET ASSETS

71,650

29,262

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

71,550

29,162

71,650

29,262

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 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 21 November 2025 and were signed by:

P R Blake - Director

1.	STATUTORY INFORMATION

PRB Drainage 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.

Critical accounting judgements and key sources of estimation uncertainty

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Change in accounting estimate

Depreciation policies have been reviewed and the depreciation of specialist motor vehicles has been revised from 15% reducing balance to 10% straight line on cost until the asset is 5 years old, after which the policy is to be reviewed. The change is effective from 1 April 2023.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2010 was amortised over its estimated useful life of 10 years.

Goodwill, being the amount paid in connection with the acquisition of a business in 2018 is being amortised over its estimated useful life of 10 years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

15% on reducing balance 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 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 6 (2024 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

140,000

AMORTISATION

At 1 April 2024

134,000

Charge for year

2,000

At 31 March 2025

136,000

NET BOOK VALUE

At 31 March 2025

4,000

At 31 March 2024

6,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

1,392,347

Additions

22,000

Disposals

(97,000

)

At 31 March 2025

1,317,347

DEPRECIATION

At 1 April 2024

602,443

Charge for year

115,703

Eliminated on disposal

(70,136

)

At 31 March 2025

648,010

NET BOOK VALUE

At 31 March 2025

669,337

At 31 March 2024

789,904

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 April 2024

1,071,238

Transfer to ownership

(39,112

)

At 31 March 2025

1,032,126

DEPRECIATION

At 1 April 2024

434,939

Charge for year

89,791

Transfer to ownership

(19,971

)

At 31 March 2025

504,759

NET BOOK VALUE

At 31 March 2025

527,367

At 31 March 2024

636,299

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

107,176

127,770

Amounts owed by group undertakings

-

11,458

Other debtors

92,376

101,081

199,552

240,309

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

55,015

78,119

Hire purchase contracts

131,910

136,353

Trade creditors

35,175

56,467

Taxation and social security

64,675

57,714

Other creditors

108,632

104,580

395,407

433,233

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

12,500

62,500

Hire purchase contracts

234,791

369,201

Other creditors

2,500

12,500

249,791

444,201

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

P R Blake

Balance outstanding at start of year

65,122

36,534

Amounts advanced

67,662

85,065

Amounts repaid

(75,759

)

(56,477

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

57,025

65,122

Interest is charged on directors loan at HMRC official rate.