PRW 2127 Limited - Accounts

PRW 2127 Limited Accountants' Report For the year ended 30 April 2025
Chartered Accountant's report to the Board of Directors on the preparation of the unaudited statutory accounts of PRW 2127 Limited for the year ended 30 April 2025 In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of PRW 2127 Limited for the year ended 30 April 2025 as set out on pages titled Income Statement and Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants of Scotland, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance. This report is made solely to the Board of Directors of PRW 2127 Limited , as a body, in accordance with the terms of our engagement letter dated 01 January 2025. Our work has been undertaken solely to prepare for your approval the accounts of PRW 2127 Limited and state those matters that we have agreed to state to the Board of Directors of PRW 2127 Limited, as a body, in this report in accordance with the requirements of the Institute of Chartered Accountants of Scotland as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than PRW 2127 Limited and its Board of Directors as a body for our work or for this report. It is your duty to ensure that PRW 2127 Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of PRW 2127 Limited. You consider that PRW 2127 Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the accounts of PRW 2127 Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts. .................................................... Colin Dempster Colin A Dempster Chartered Accountant 39 Bridge Street STRATHAVEN ML10 6AN 28 April 2026 1

PRW 2127 Limited
Accountants' Report
For the year ended 30 April 2025

Chartered Accountant's report to the Board of Directors on the preparation of the unaudited statutory accounts of PRW 2127 Limited for the year ended 30 April 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of PRW 2127 Limited for the year ended 30 April 2025 as set out on pages titled Income Statement and Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants of Scotland, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of PRW 2127 Limited , as a body, in accordance with the terms of our engagement letter dated 01 January 2025.

Our work has been undertaken solely to prepare for your approval the accounts of PRW 2127 Limited and state those matters that we have agreed to state to the Board of Directors of PRW 2127 Limited, as a body, in this report in accordance with the requirements of the Institute of Chartered Accountants of Scotland as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than PRW 2127 Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that PRW 2127 Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of PRW 2127 Limited.

You consider that PRW 2127 Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the accounts of PRW 2127 Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

....................................................

Colin Dempster
Colin A Dempster Chartered Accountant
39 Bridge Street
STRATHAVEN
ML10 6AN
28 April 2026

PRW 2127 Limited
Statement of Financial Position
As at 30 April 2025

	Notes	2025 £	2024 £
Fixed assets
Intangible fixed assets	3	49,833	56,333
Tangible fixed assets	4	51,204	52,055
		101,037	108,388
Current assets
Stocks		43,078	77,679
Debtors		22,861	24,488
Cash at bank and in hand		199,744	229,882
		265,683	332,049
Creditors: amount falling due within one year		(165,303)	(268,334)
Net current assets		100,380	63,715

Total assets less current liabilities		201,417	172,103
Net assets		201,417	172,103

Capital and reserves
Called up share capital	5	1	1
Profit and loss account		201,416	172,102
Shareholders' funds		201,417	172,103

For the year ended 30 April 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 accounts for the year in question in accordance with section 476.
The directors acknowledge his 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 members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the board of directors on 28 April 2026 and were signed on its behalf by:

-------------------------------
Lindesay Rennie MacFarlane
Director

PRW 2127 Limited
Notes to the Abridged Financial Statements
For the year ended 30 April 2025

General Information

PRW 2127 Limited is a private company, limited by shares, registered in Scotland, registration number SC431751, registration address 2127 Paisley Road West, Glasgow, G52 3JL.

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 and 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.

Intangible assets

The intangible asset of purchased goodwill is amortised at a rate calculated to write off the asset on a straight line basis over its estimated useful economic life. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

Goodwill
Acquired goodwill, being the amount paid in connection with the purchase of the business in 2012, is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of 20 years.

Tangible fixed assets

Tangible fixed assets 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:

Plant and Machinery	20% Straight Line
Fixtures and Fittings	20% Straight Line

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items.

2.	Average number of employees Average number of employees during the year was 13 (2024 : 14).

Intangible fixed assets

Cost	Goodwill	Total
	£	£
At 01 May 2024	130,000	130,000
Additions	-	-
Disposals	-	-
At 30 April 2025	130,000	130,000
Amortisation
At 01 May 2024	73,667	73,667
Charge for year	6,500	6,500
On disposals	-	-
At 30 April 2025	80,167	80,167
Net book values
At 30 April 2025	49,833	49,833
At 30 April 2024	56,333	56,333

Tangible fixed assets

Cost or valuation	Plant and Machinery	Fixtures and Fittings	Total
	£	£	£
At 01 May 2024	50,170	110,391	160,561
Additions	-	-	-
Disposals	-	-	-
At 30 April 2025	50,170	110,391	160,561
Depreciation
At 01 May 2024	33,882	74,624	108,506
Charge for year	811	40	851
On disposals	-	-	-
At 30 April 2025	34,693	74,664	109,357
Net book values
Closing balance as at 30 April 2025	15,477	35,727	51,204
Opening balance as at 01 May 2024	16,288	35,767	52,055

Share Capital

Allotted, called up and fully paid	2025 £		2024 £
1 Ordinary share of £1.00 each	1		1
	1		1

6.	Events after Balance sheet date

Post-Balance Sheet Event

Neil MacFarlane died on 18th. March 2026. Lindesay MacFarlane was appointed director on 18th. March 2026.

Registered Number: SC431751
Scotland
PRW 2127 LIMITED

Abridged Accounts

Period of accounts Start date: 01 May 2024 End date: 30 April 2025