Purkelly Bros. Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 01164024 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

FOR

PURKELLY BROS. LIMITED

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

7

DIRECTOR:

G T Purcell

REGISTERED OFFICE:

Unit 3 Bilton Road

Cadwell Lane Industrial Estate

Hitchin

Hertfordshire

SG4 0SB

REGISTERED NUMBER:

01164024 (England and Wales)

ACCOUNTANTS:

TC Group

Baird House

Seebeck Place

Knowlhill

Milton Keynes

Buckinghamshire

MK5 8FR

FIXED ASSETS

Tangible assets

4

340,463

342,293

CURRENT ASSETS

Debtors

5

1,476,767

737,226

Cash at bank

414,250

447,038

1,891,017

1,184,264

CREDITORS

Amounts falling due within one year

6

849,527

431,266

NET CURRENT ASSETS

1,041,490

752,998

TOTAL ASSETS LESS CURRENT LIABILITIES

1,381,953

1,095,291

CREDITORS

Amounts falling due after more than one
year

7

(20,008

)

(41,697

)

PROVISIONS FOR LIABILITIES

8

(72,917

)

(74,204

)

NET ASSETS

1,289,028

979,390

CAPITAL AND RESERVES

Called up share capital

9

10,000

Retained earnings

1,279,028

969,390

1,289,028

979,390

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each 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.

The 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 June 2026 and were signed by:

G T Purcell - Director

1.	STATUTORY INFORMATION

Purkelly Bros. Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

the amount of turnover can be measured reliably;

it is probable that the Company will receive the consideration due under the contract;

the stage of completion of the contract at the end of the reporting period can be measured reliably; and

the costs incurred and the costs to complete the contract can be measured reliably.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2024 - 13 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

COST

At 1 November 2024

33,156

380,710

11,418

401,346

826,630

Additions

-

2,800

3,130

222,812

228,742

Disposals

-

(242,533

)

(242,533

)

At 31 October 2025

33,156

383,510

14,548

381,625

812,839

DEPRECIATION

At 1 November 2024

9,518

307,785

7,898

159,136

484,337

Charge for year

6,631

10,938

650

66,164

84,383

Eliminated on disposal

-

(96,344

)

(96,344

)

At 31 October 2025

16,149

318,723

8,548

128,956

472,376

NET BOOK VALUE

At 31 October 2025

17,007

64,787

6,000

252,669

340,463

At 31 October 2024

23,638

72,925

3,520

242,210

342,293

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 November 2024

139,326

Disposals

(19,495

)

At 31 October 2025

119,831

DEPRECIATION

At 1 November 2024

48,526

Charge for year

21,779

Eliminated on disposal

(13,048

)

At 31 October 2025

57,257

NET BOOK VALUE

At 31 October 2025

62,574

At 31 October 2024

90,800

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

1,188,384

457,241

Amounts owed by associates

20,000

Other debtors

13,730

11,146

Directors' current accounts

135,143

135,350

Tax

45,681

Prepayments and accrued income

73,829

67,808

1,476,767

737,226

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Hire purchase contracts

21,689

26,483

Trade creditors

423,016

188,910

Corporation tax

171,698

165,363

Social security and other taxes

17,897

13,253

Net wages

3,897

-

Pension account

543

293

VAT

138,322

16,099

Other creditors

75

Accrued expenses

72,390

20,790

849,527

431,266

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

Hire purchase contracts

20,008

41,697

8.	PROVISIONS FOR LIABILITIES

2025

2024

£

Deferred tax

Accelerated capital allowances

72,917

74,204

Deferred

tax

£

Balance at 1 November 2024

74,204

Provided during year

(1,287

)

Balance at 31 October 2025

72,917

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

1,000

Ordinary A

£1

1,000

2,000

Ordinary B

£1

2,000

1,000

Ordinary C

£1

1,000

4,000

Ordinary D

£1

4,000

1,000

Ordinary E

£1

1,000

Ordinary F

£1

1,000

10,000

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

As at the year end, the director had an overdrawn loan account balance of £135,143 debit (2024 - £135,350 debit balance).

11.	ULTIMATE CONTROLLING PARTY

The controlling party is Blackstone Holdings Limited.