J. Pratley & Sons Limited 03768203 false 2024-06-01 2025-05-31 2025-05-31 The principal activity of the company is that of steel fabricating. Digita Accounts Production Advanced 6.30.9574.0 true 03768203 2024-06-01 2025-05-31 03768203 2025-05-31 03768203 core:CurrentFinancialInstruments 2025-05-31 03768203 core:CurrentFinancialInstruments core:WithinOneYear 2025-05-31 03768203 core:Non-currentFinancialInstruments core:AfterOneYear 2025-05-31 03768203 core:FurnitureFittings 2025-05-31 03768203 core:LandBuildings core:ShortLeaseholdAssets 2025-05-31 03768203 core:MotorVehicles 2025-05-31 03768203 core:PlantMachinery 2025-05-31 03768203 bus:SmallEntities 2024-06-01 2025-05-31 03768203 bus:AuditExemptWithAccountantsReport 2024-06-01 2025-05-31 03768203 bus:FilletedAccounts 2024-06-01 2025-05-31 03768203 bus:SmallCompaniesRegimeForAccounts 2024-06-01 2025-05-31 03768203 bus:RegisteredOffice 2024-06-01 2025-05-31 03768203 bus:CompanySecretaryDirector1 2024-06-01 2025-05-31 03768203 bus:Director1 2024-06-01 2025-05-31 03768203 bus:Director3 2024-06-01 2025-05-31 03768203 bus:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 03768203 bus:Agent1 2024-06-01 2025-05-31 03768203 core:FurnitureFittings 2024-06-01 2025-05-31 03768203 core:LandBuildings 2024-06-01 2025-05-31 03768203 core:LandBuildings core:ShortLeaseholdAssets 2024-06-01 2025-05-31 03768203 core:MotorVehicles 2024-06-01 2025-05-31 03768203 core:PlantMachinery 2024-06-01 2025-05-31 03768203 countries:EnglandWales 2024-06-01 2025-05-31 03768203 2024-05-31 03768203 core:FurnitureFittings 2024-05-31 03768203 core:LandBuildings core:ShortLeaseholdAssets 2024-05-31 03768203 core:MotorVehicles 2024-05-31 03768203 core:PlantMachinery 2024-05-31 03768203 2023-06-01 2024-05-31 03768203 2024-05-31 03768203 core:CurrentFinancialInstruments 2024-05-31 03768203 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 03768203 core:Non-currentFinancialInstruments core:AfterOneYear 2024-05-31 03768203 core:FurnitureFittings 2024-05-31 03768203 core:LandBuildings core:ShortLeaseholdAssets 2024-05-31 03768203 core:MotorVehicles 2024-05-31 03768203 core:PlantMachinery 2024-05-31 iso4217:GBP xbrli:pure

Registration number: 03768203

J. Pratley & Sons Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 May 2025

J. Pratley & Sons Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 7

J. Pratley & Sons Limited

Company Information

Directors | Mr J Pratley Mrs L M Pratley Mr A L Pratley

Company secretary | Mrs L M Pratley

Registered office | Green Lane Burghfield Common Reading Berkshire RG30 3XN

Accountants | Vale & West Accountancy Services Limited Chartered AccountantsVictoria House 26 Queen Victoria Street Reading Berkshire RG1 1TG

J. Pratley & Sons Limited

(Registration number: 03768203)
Balance Sheet as at 31 May 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 350,171 | 438,042
Current assets |  |  |
Stocks | 5 | 16,051 | 17,754
Debtors | 6 | 482,474 | 461,865
Cash at bank and in hand |  | 639,013 | 590,921
|  | 1,137,538 | 1,070,540
Creditors: Amounts falling due within one year | 7 | (406,217) | (360,507)
Net current assets |  | 731,321 | 710,033
Total assets less current liabilities |  | 1,081,492 | 1,148,075
Creditors: Amounts falling due after more than one year | 7 | (66,906) | (140,929)
Provisions for liabilities |  | (42,712) | (55,715)
Net assets |  | 971,874 | 951,431
Capital and reserves |  |  |
Called up share capital |  | 100 | 100
Retained earnings |  | 971,774 | 951,331
Shareholders' funds |  | 971,874 | 951,431

For the financial year ending 31 May 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; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act 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. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 14 April 2026 and signed on its behalf by:

......................................... Mr A L Pratley Director

J. Pratley & Sons Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

1 | General information

J Pratley & Sons Limited is a private company, limited by shares, registered in England and Wales.

The address of its registered office is:
Green Lane
Burghfield Common
Reading
Berkshire
RG30 3XN

These financial statements were authorised for issue by the Board on 14 April 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover represents net invoices sales of steel fabrication services and goods, excluding VAT (having regard to the fulfilment of contractual obligations).

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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.

J. Pratley & Sons Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025 (continued)

2 | Accounting policies (continued)

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Land and buildings | Over the term of the lease
Plant and machinery etc | 25% on cost and 15% on cost

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Work in progress is valued at the lower of cost and net realisable value.
Cost is calculated using the first in, first out method and includes all purchase, transport and handling costs in bringing stocks to their present location and condition.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

J. Pratley & Sons Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025 (continued)

2 | Accounting policies (continued)

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 15 (2024 - 16).

J. Pratley & Sons Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025 (continued)

4 | Tangible assets

| Short leasehold land and buildings £ | Fixtures and fittings £ | Plant and machinery £ | Motor vehicles £ | Total £
Cost or valuation
At 1 June 2024 | 139,535 | 85,291 | 549,505 | 571,765 | 1,346,096
Additions | 5,409 | 2,822 | - | - | 8,231
At 31 May 2025 | 144,944 | 88,113 | 549,505 | 571,765 | 1,354,327
Depreciation
At 1 June 2024 | 38,594 | 55,024 | 412,789 | 401,647 | 908,054
Charge for the year | 7,138 | 10,013 | 36,124 | 42,827 | 96,102
At 31 May 2025 | 45,732 | 65,037 | 448,913 | 444,474 | 1,004,156
Carrying amount
At 31 May 2025 | 99,212 | 23,076 | 100,592 | 127,291 | 350,171
At 31 May 2024 | 100,941 | 30,267 | 136,716 | 170,118 | 438,042

Included within the net book value of land and buildings above is £99,212 (2024 - £100,941) in respect of short leasehold land and buildings.

J. Pratley & Sons Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025 (continued)

5 | Stocks

| 2025 £ | 2024 £
Other inventories | 16,051 | 17,754

6 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 123,941 | 117,423
Prepayments | - | 248
Other debtors | 358,533 | 344,194
| 482,474 | 461,865

7 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Loans and borrowings | 74,023 | 75,950
Trade creditors | 236,244 | 208,386
Taxation and social security | 76,834 | 55,680
Accruals and deferred income | 6,265 | 5,670
Other creditors | 12,851 | 14,821
| 406,217 | 360,507

Creditors: amounts falling due after more than one year

| 2025 £ | 2024 £
Due after one year |  |
Loans and borrowings | 66,906 | 140,929