P & A Imaging Limited - Filleted accounts

Registered number

10256311

P & A Imaging Limited

Filleted Accounts

31 March 2025

P & A Imaging Limited
Registered number:		10256311
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Intangible assets	3		96,196			111,643
Tangible assets	4		224,593			146,130
			320,789			257,773

Current assets
Stocks		38,650			22,365
Debtors	5	49,469			29,665
Cash at bank and in hand		18,769			43,490
		106,888			95,520

Creditors: amounts falling due within one year	6	(270,529)			(187,966)

Net current liabilities			(163,641)			(92,446)

Total assets less current liabilities			157,148			165,327

Creditors: amounts falling due after more than one year	7		(92,064)			(120,217)



Net assets			65,084			45,110

Capital and reserves
Called up share capital			100			100
Profit and loss account			64,984			45,010

Shareholders' funds			65,084			45,110

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




RS Atwal
Director
Approved by the board on 13 October 2025

P & A Imaging Limited
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings	over 50 years
	Leasehold land and buildings	over the lease term
	Plant and machinery	over 5 years
	Fixtures, fittings, tools and equipment	over 5 years

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees		2025		2024
Number				Number

	Average number of persons employed by the company		17		18


3	Intangible fixed assets				£
	Goodwill:

	Cost
	At 1 April 2024				154,470
	At 31 March 2025				154,470

	Amortisation
	At 1 April 2024				42,827
	Provided during the year				15,447
	At 31 March 2025				58,274

	Net book value
	At 31 March 2025				96,196
	At 31 March 2024				111,643

	Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.


4	Tangible fixed assets
					Plant and machinery etc
£
	Cost
	At 1 April 2024				261,622
	Additions				103,418
	At 31 March 2025				365,040

	Depreciation
	At 1 April 2024				115,492
	Charge for the year				24,955
	At 31 March 2025				140,447

	Net book value
	At 31 March 2025				224,593
	At 31 March 2024				146,130


5	Debtors		2025		2024
£				£

	Other debtors		49,469		29,665


6	Creditors: amounts falling due within one year		2025		2024
£				£

	Bank loans and overdrafts		24,165		17,004
	Trade creditors		161,997		121,342
	Taxation and social security costs		57,753		38,270
	Other creditors		26,614		11,350
			270,529		187,966


7	Creditors: amounts falling due after one year		2025		2024
£				£

	Bank loans		38,187		65,503
	Other creditors		53,877		54,714
			92,064		120,217


8	Other information

	P & A Imaging Limited is a private company limited by shares and incorporated in England. Its registered office is:
	1 Russell Road
	Twickenham
	Greater London
	TW2 7QT