P.R.S. Southall Limited - Filleted accounts

Registered number

07533263

P.R.S. Southall Limited

Filleted Accounts

31 August 2025

P.R.S. Southall Limited
Registered number:		07533263
Balance Sheet
as at 31 August 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		4,324			5,766

Current assets
Stocks		110,435			75,435
Debtors	4	919,061			921,036
Cash at bank and in hand		118,548			202,469
		1,148,044			1,198,940

Creditors: amounts falling due within one year	5	(851,542)			(884,389)

Net current assets			296,502			314,551

Total assets less current liabilities			300,826			320,317

Creditors: amounts falling due after more than one year	6		-			(12,437)



Net assets			300,826			307,880

Capital and reserves
Called up share capital			120			120
Profit and loss account			300,706			307,760

Shareholders' funds			300,826			307,880

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Surander Kumar Lund
Director
Approved by the board on 29 May 2026

P.R.S. Southall Limited
Notes to the Accounts
for the year ended 31 August 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			3		3


3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 September 2024	65		10,250		10,315
	At 31 August 2025	65		10,250		10,315

	Depreciation
	At 1 September 2024	65		4,484		4,549
	Charge for the year	-		1,442		1,442
	At 31 August 2025	65		5,926		5,991

	Net book value
	At 31 August 2025	-		4,324		4,324
	At 31 August 2024	-		5,766		5,766


4	Debtors			2025		2024
£					£

	Trade debtors			77,218		97,936
	Amounts owed by group undertakings and undertakings in which the company has a participating interest			790,136		821,443
	Deferred tax asset			332		282
	Other debtors			51,375		1,375
				919,061		921,036


5	Creditors: amounts falling due within one year			2025		2024
£					£

	Bank loans and overdrafts			6,545		10,000
	Trade creditors			781,179		804,583
	Taxation and social security costs			11,516		1,187
	Other creditors			52,302		68,619
				851,542		884,389


6	Creditors: amounts falling due after one year			2025		2024
£					£

	Bank loans			-		12,437


7	Controlling party

	The company is not under the control of a single individual.


8	Other information

	P.R.S. Southall Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Unit A5 Charles House
	Bridge Road
	Southall
	Middlesex
	UB2 4BD