Purdy & Power Limited iXBRL

Company Registration Number: 05185136

Purdy & Power Limited

Unaudited Financial Statements

for the financial year ended 31 July 2025

Purdy & Power Limited

Company Registration Number: 05185136

STATEMENT OF FINANCIAL POSITION

as at 31 July 2025

		2025	2024
	Notes	£	£

Non-Current Assets

Property, plant and equipment

6,794

9,059

─────────

Current Assets

Stocks

12,450

12,450

Debtors

10,063

7,352

Cash and cash equivalents

14,450

6,233

─────────

36,963

26,035

─────────

Creditors: amounts falling due within one year

(43,326)

(43,359)

─────────

Net Current Liabilities

(6,363)

(17,324)

─────────

Total Assets less Current Liabilities

431

(8,265)

Creditors:

amounts falling due after more than one year

(3,352)

(8,333)

Provisions for liabilities

(762)

(1,159)

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Net Liabilities

(3,683)

(17,757)

═════════

Capital and Reserves

Called up share capital

Retained earnings

(3,685)

(17,759)

─────────

Equity attributable to owners of the company

(3,683)

(17,757)

═════════

The financial statements have been prepared 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 company has taken advantage of the exemption under section 444 not to file the Income Statement and Directors' Report.

For the financial year ended 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Approved by the Board and authorised for issue on 21 April 2026 and signed on its behalf by



________________________________
Miss G M Power
Director

Purdy & Power Limited

NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 31 July 2025

General Information

Purdy & Power Limited is a company limited by shares incorporated and registered in England. The registered number of the company is 05185136. The registered office of the company is 5 West Court, Enterprise Road, Maidstone, Kent, ME15 6JD. The financial statements have been presented in Pound (£) which is also the functional currency of the company.

Summary of Significant Accounting Policies

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.

Statement of compliance

The financial statements of the company for the financial year ended 31 July 2025 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in Sterling, which is the functional currency of the entity, and to the nearest ?1.

Turnover

Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.

Property, plant and equipment and depreciation

Property, plant and equipment are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of property, plant and equipment, less their estimated residual value, over their expected useful lives as follows:

Plant and machinery

25% reducing balance

The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

Stocks

Stocks are valued at the lower of cost and net realisable value. Stocks are determined on a first-in first-out basis. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition. Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.

Provisions

Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.

Employee benefits

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The company also operates a defined benefit pension scheme for its employees providing benefits based on final pensionable pay. The assets of this scheme are also held separately from those of the company, being invested with pension fund managers.

Taxation and deferred taxation

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Statement of Financial Position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Statement of Financial Position date.

Employees

The average monthly number of employees, including directors, during the financial year was 11, (2024 - 11).


4.	Property, plant and equipment
		Plant and	Total
		machinery

		£	£
	Cost
	At 1 August 2024	61,707	61,707
		─────────	─────────

	At 31 July 2025	61,707	61,707
		─────────	─────────
	Depreciation
	At 1 August 2024	52,648	52,648
	Charge for the financial year	2,265	2,265
		─────────	─────────
	At 31 July 2025	54,913	54,913
		─────────	─────────
	Net book value
	At 31 July 2025	6,794	6,794
		═════════	═════════
	At 31 July 2024	9,059	9,059
		═════════	═════════


5.	Stocks	2025	2024
		£	£

	Finished goods and goods for resale	12,450	12,450
		═════════	═════════

	The replacement cost of stock did not differ significantly from the figures shown.


6.	Debtors	2025	2024
		£	£

	Other debtors	1,835	1,499
	Directors' current accounts	14	14
	Taxation	-	1,544
	Prepayments and accrued income	8,214	4,295
		─────────	─────────
		10,063	7,352
		═════════	═════════


7.	Creditors	2025	2024
	Amounts falling due within one year	£	£

	Bank loan	10,000	10,000
	Trade creditors	9,825	11,496
	Taxation	13,643	14,458
	Other creditors	5,235	3,725
	Accruals	4,623	3,680
		─────────	─────────
		43,326	43,359
		═════════	═════════


8.	Creditors	2025	2024
	Amounts falling due after more than one year	£	£

	Bank loan	3,352	8,333
		═════════	═════════

	Loans
	Repayable in one year or less, or on demand (Note 7)	10,000	10,000
	Repayable between one and two years	3,352	8,333
		─────────	─────────
		13,352	18,333
		═════════	═════════

Provisions for liabilities

The amounts provided for deferred taxation are analysed below:

Capital

Total

Total

allowances

2025

2024

At financial year start

1,159

1,159

1,527

Charged to profit and loss

(397)

(397)

(368)

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At financial year end

762

1,159

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10.

Capital commitments

The company had no material capital commitments at the financial year-ended 31 July 2025.

11.

Events After the End of the Reporting Period

There have been no significant events affecting the company since the financial year-end.