Company Registration No. 08439686 (England and Wales)
Prix Engineering Ltd
Unaudited accounts
for the year ended 31 March 2025
Prix Engineering Ltd
Unaudited accounts
Contents
Prix Engineering Ltd
Company Information
for the year ended 31 March 2025
Director
Priyal Milroy Welsh
Company Number
08439686 (England and Wales)
Registered Office
7 Cooper Croft
Arlesey
SG15 6BB
England
Accountants
Philip Nolan Accountants
Unit 16, International House
Cray Avenue
Orpington
BR5 3RS
Prix Engineering Ltd
Statement of financial position
as at 31 March 2025
Cash at bank and in hand
-
330
Creditors: amounts falling due within one year
(1,494)
2,182
Net current (liabilities)/assets
(1,494)
2,512
Total assets less current liabilities
(995)
3,088
Creditors: amounts falling due after more than one year
(21,465)
(21,465)
Net liabilities
(22,460)
(18,377)
Called up share capital
100
100
Profit and loss account
(22,560)
(18,477)
Shareholders' funds
(22,460)
(18,377)
For the year ending 31 March 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 10 January 2025 and were signed on its behalf by
Priyal Milroy Welsh
Director
Company Registration No. 08439686
Prix Engineering Ltd
Notes to the Accounts
for the year ended 31 March 2025
Prix Engineering Ltd is a private company, limited by shares, registered in England and Wales, registration number 08439686. The registered office is 7 Cooper Croft, Arlesey, SG15 6BB, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & Machinery -18% per annum on the reducing balance.
Furniture, Fixtures and Fittings18% per annum on the reducing balance.
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 April 2024
100
602
702
At 31 March 2025
100
602
702
At 1 April 2024
18
108
126
Charge for the year
11
66
77
At 31 March 2025
29
174
203
At 31 March 2025
71
428
499
At 31 March 2024
82
494
576
Prix Engineering Ltd
Notes to the Accounts
for the year ended 31 March 2025
5
Creditors: amounts falling due within one year
2025
2024
Loans from directors
1,494
(2,770)
6
Creditors: amounts falling due after more than one year
2025
2024
7
Average number of employees
During the year the average number of employees was 1 (2024: 1).