Company No: 04947946 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	127,606		81,538
		127,606		81,538
Current assets
Stocks	4	217,334		229,987
Debtors	5	819,158		847,763
Cash at bank and in hand		4		67,569
		1,036,496		1,145,319
Creditors: amounts falling due within one year	6	( 449,848)		( 546,701)
Net current assets		586,648		598,618
Total assets less current liabilities		714,254		680,156
Creditors: amounts falling due after more than one year	7	( 33,057)		0
Provision for liabilities		( 21,245)		( 8,475)
Net assets		659,952		671,681
Capital and reserves
Called-up share capital	8	200		200
Profit and loss account		659,752		671,481
Total shareholder's funds		659,952		671,681

For the financial year ending 30 November 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year 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 financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of P Perryman and Sons Limited (registered number: 04947946) were approved and authorised for issue by the Board of Directors on 20 April 2026. They were signed on its behalf by:

C C Perryman Director

J E Perryman Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

P Perryman and Sons Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Lowin House, Tregolls Road, Truro, TR1 2NA, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Plant and machinery	10 years straight line
Vehicles	4 years straight line
Fixtures and fittings	10 years straight line
Office equipment	3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	5		4

3. Tangible assets

	Plant and machinery		Vehicles		Fixtures and fittings		Office equipment		Total
	£		£		£		£		£
Cost
At 01 December 2024	99,117		161,414		32,557		16,466		309,554
Additions	8,000		93,451		463		2,998		104,912
Disposals	( 42,999)		( 93,636)		0		( 13,709)		( 150,344)
At 30 November 2025	64,118		161,229		33,020		5,755		264,122
Accumulated depreciation
At 01 December 2024	64,091		132,354		16,928		14,643		228,016
Charge for the financial year	6,635		32,943		3,260		1,816		44,654
Disposals	( 42,999)		( 79,446)		0		( 13,709)		( 136,154)
At 30 November 2025	27,727		85,851		20,188		2,750		136,516
Net book value
At 30 November 2025	36,391		75,378		12,832		3,005		127,606
At 30 November 2024	35,026		29,060		15,629		1,823		81,538

4. Stocks

	2025		2024
	£		£
Stocks	217,334		229,987

5. Debtors

	2025		2024
	£		£
Trade debtors	18,304		33,108
Other debtors	800,854		814,655
	819,158		847,763

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans and overdrafts	57,354		5,185
Trade creditors	29,276		135,360
Taxation and social security	25,891		49,183
Other creditors	337,327		356,973
	449,848		546,701

7. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans	33,057		0

8. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
200 Ordinary shares of £ 1.00 each	200		200

9. Related party transactions

Transactions with the entity's directors

	2025		2024
	£		£
P Perryman - 2.25% interest	15,671		10,161
J Perryman - 2.25% interest	14,671		10,161
C Perryman - 2.25% interest	6,521		4,938

During the year, the directors introduced funds amounting to £3,663 (2024 £Nil), withdrew funds totalling £14,713 (2024 £25,248) and interest was charged on the loaned amount of £553 (2024 £12)