Prefect Controls Ltd

Prefect Controls Ltd
Directors' Report
For the year ended 31 March 2025

Director's report and financial statements

The directors present their annual report and the financial statements for the year ended 31 March 2025.

Principal activities

The principal activity of the company during the financial year was of the design and manufacturing of control systems.

Directors

The directors who unless shown otherwise served the company throughout the year were as follows:

Mr G C Golding

Mr W Mills

Mr D G Golding

Mrs S A Golding

Statement of directors' responsibilities

The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.

In preparing these financial statements, the directors are required to :
-    select suitable accounting policies and then apply them consistently
-    make judgements and accounting estimates that are reasonable and prudent
-    state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
-    prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the companys transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

This report was approved by the board and signed on its behalf by:

----------------------------------
Mr G C Golding
Director

Date approved: 29 December 2025

Registered Number: 03346262 Prefect Controls Ltd
Statement of Financial Position
As at 31 March 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	3	606,039	621,851
		606,039	621,851
Current assets
Stocks	4	2,334,122	2,644,981
Debtors	5	1,113,567	941,294
Cash at bank and in hand		1,329,060	630,820
		4,776,749	4,217,095
Creditors: amount falling due within one year	6	(1,441,744)	(1,532,412)
Net current assets		3,335,005	2,684,683

Total assets less current liabilities		3,941,044	3,306,534
Creditors: amount falling due after more than one year	7	-	(61,698)
Provisions for liabilities	8	(42,673)	(67,780)
Net assets		3,898,371	3,177,056

Capital and reserves
Called up share capital	9	407	407
Capital Redemption Reserve	10	32	32
Profit and loss account		3,897,932	3,176,617
Shareholders' funds		3,898,371	3,177,056

For the year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
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.

These 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 to the Registrar of Companies.

The financial statements were approved by the board of directors on 29 December 2025 and were signed on its behalf by:

-------------------------------
Mr W Mills
Director

-------------------------------
Mr G C Golding
Director

Prefect Controls Ltd
Notes to the Financial Statements
For the year ended 31 March 2025

General Information

Prefect Controls Ltd is a private company, limited by shares, registered in England and Wales, registration number 03346262, registration address Unit 2 Church Field Business Park, Church Field Road, Sudbury, CO10 2YF.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Government grants

Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.

Operating lease rentals

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

Finance lease and hire purchase charges

The finance element of the rental payment is charged to the income statement on a straight line basis.

Research and development expenditure

Research and development expenditure is charged to the income statement in the period in which it is incurred.

Website cost

Planning and operating costs for the company's website are charged to the income statement as incurred.

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets, 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:

Land and Buildings	20 years Straight Line
Plant and Machinery	20% Straight Line

Assets on finance lease and hire purchase

Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

2.	Average number of employees Average number of employees during the year was 17 (2024 : 15).

Tangible fixed assets

Cost or valuation	Land and Buildings	Plant and Machinery	Total
	£	£	£
At 01 April 2024	376,467	585,207	961,674
Additions	69,944	6,031	75,975
Disposals	-	-	-
At 31 March 2025	446,411	591,238	1,037,649
Depreciation
At 01 April 2024	38,475	301,348	339,823
Charge for year	13,543	78,244	91,787
On disposals	-	-	-
At 31 March 2025	52,018	379,592	431,610
Net book values
Closing balance as at 31 March 2025	394,393	211,646	606,039
Opening balance as at 01 April 2024	337,992	283,859	621,851

Stocks

	2025 £		2024 £
Stocks	2,334,122		2,644,981
	2,334,122		2,644,981

Debtors: amounts falling due within one year

	2025 £	2024 £
Trade Debtors	844,841	624,093
Prepayments & Accrued Income	41,413	25,808
Other Debtors	227,313	237,081
VAT	-	54,312
	1,113,567	941,294

Creditors: amount falling due within one year

	2025 £	2024 £
Trade Creditors	1,000,791	1,219,507
Bank Loans & Overdrafts	-	64,092
Corporation Tax	305,816	215,877
PAYE & Social Security	72,962	22,203
Accrued Expenses	13,000	7,500
Other Creditors	-	3,233
VAT	49,175	-
	1,441,744	1,532,412

Creditors: amount falling due after more than one year

	2025 £		2024 £
Bank Loans & Overdrafts	-		61,698
	-		61,698

Provisions for liabilities

	2025 £		2024 £
Deferred Tax	42,673		67,780
	42,673		67,780

Share Capital

Allotted, called up and fully paid	2025 £	2024 £
68 Ordinary A shares of £0.088 each	6	6
100 Ordinary B shares of £1.00 each	100	100
100 Ordinary C shares of £1.00 each	100	100
100 Ordinary D shares of £1.00 each	100	100
100 Ordinary E shares of £1.00 each	100	100
100 Ordinary F shares of £0.01 each	1	1
	407	407

10.

Capital Redemption Reserve

	2025 £		2024 £
Capital Redemption Reserve b/fwd	32		32
	32		32


Registered Number: 03346262
England and Wales
Unaudited Financial Statements

for the year ended 31 March 2025
for
PREFECT CONTROLS LTD