Preston Candover Ltd - Filleted accounts

Registered number

06954634

Preston Candover Ltd

Filleted Accounts

30 September 2025

Preston Candover Ltd
Registered number:		06954634
Balance Sheet
as at 30 September 2025

Notes			2025			2024
£				£
Fixed assets
Intangible assets	3		-			11,190
Tangible assets	4		50,546			59,466
			50,546			70,656

Current assets
Stocks		35,960			35,000
Debtors	5	106,813			22,693
Cash at bank and in hand		39,953			138,147
		182,726			195,840

Creditors: amounts falling due within one year	6	(140,838)			(141,688)

Net current assets			41,888			54,152

Total assets less current liabilities			92,434			124,808

Creditors: amounts falling due after more than one year	7		(36,382)			-

Provisions for liabilities			(10,109)			(14,131)


Net assets			45,943			110,677

Capital and reserves
Called up share capital			2			2
Profit and loss account			45,941			110,675

Shareholders' funds			45,943			110,677

The directors are 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 directors acknowledge their 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.


Marie-Louise Alemany
Director
Approved by the board on 31 May 2026

Preston Candover Ltd
Notes to the Accounts
for the year ended 30 September 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.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	15% reducing balance

	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.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	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.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees		2025		2024
Number				Number

	Average number of persons employed by the company		8		8




3	Intangible fixed assets				£

	Cost
	At 1 October 2024				121,569
	At 30 September 2025				121,569

	Amortisation
	At 1 October 2024				110,379
	Provided during the year				11,190
	At 30 September 2025				121,569

	Net book value
	At 30 September 2025				-
	At 30 September 2024				11,190

	Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.

4	Tangible fixed assets				Plant and machinery etc
£
	Cost
	At 1 October 2024				188,810
	At 30 September 2025				188,810

	Depreciation
	At 1 October 2024				129,344
	Charge for the year				8,920
	At 30 September 2025				138,264

	Net book value
	At 30 September 2025				50,546
	At 30 September 2024				59,466


5	Debtors		2025		2024
£				£

	Trade debtors		-		22,693
	Other debtors		106,813		-
			106,813		22,693







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

	Bank loans and overdrafts		5,983		-
	Trade creditors		5,610		12,709
	Taxation and social security costs		117,195		107,270
	Directors loan account		-		20,203
	Accruals		600		600
	Other creditors		11,450		906
			140,838		141,688


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

	Bank loans		36,382		-


8	Other information

	Preston Candover Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	28 Broad Street
	Alresford
	SO24 9AQ