REGISTERED NUMBER: 05972605 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 OCTOBER 2025

FOR

N PRICE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

N Price

REGISTERED OFFICE:

54 Elm Grove

Brighton

East Sussex

BN2 3DD

REGISTERED NUMBER:

05972605 (England and Wales)

ACCOUNTANTS:

Galloways Accounting (Hove) Limited

15 West Street

Brighton

East Sussex

BN1 2RL

FIXED ASSETS

Tangible assets

4

8,533

10,465

CURRENT ASSETS

Debtors

5

122,629

139,737

CREDITORS

Amounts falling due within one year

6

118,512

131,120

NET CURRENT ASSETS

4,117

8,617

TOTAL ASSETS LESS CURRENT LIABILITIES

12,650

19,082

PROVISIONS FOR LIABILITIES

2,133

2,615

NET ASSETS

10,517

16,467

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

10,516

16,466

10,517

16,467

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 4 June 2026 and were signed by:

N Price - Director

1.	STATUTORY INFORMATION

N Price 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 represents sales of services net of VAT. Turnover is recognised at the point the customer is entitled to consideration.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

33% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Financial instruments

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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

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.

Going concern

After reviewing the company's forecasts, the director believes that the company has adequate resources to continue in operational existence for a period of at least 12 months from the date of the approval of these financial statements. Therefore, the director has concluded that the going concern basis of preparation of these financial statements remains appropriate.

3.

EMPLOYEES

The average number of employees during the year was 12 (2024 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 31 October 2024

3,004

2,185

67,925

15,529

88,643

Additions

-

1,170

-

462

1,632

Disposals

-

-

(3,453

)

-

(3,453

)

At 30 October 2025

3,004

3,355

64,472

15,991

86,822

DEPRECIATION

At 31 October 2024

2,723

1,994

58,535

14,926

78,178

Charge for year

299

190

2,756

319

3,564

Eliminated on disposal

-

-

(3,453

)

-

(3,453

)

At 30 October 2025

3,022

2,184

57,838

15,245

78,289

NET BOOK VALUE

At 30 October 2025

(18

)

1,171

6,634

746

8,533

At 30 October 2024

281

191

9,390

603

10,465

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

33,319

45,505

Other debtors

4,498

4,526

Directors' loan accounts

61,157

61,157

Tax

21,134

23,531

Prepayments

2,521

5,018

122,629

139,737

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

25,612

19,345

Trade creditors

59,153

75,257

Tax

1,566

5,581

Social security and other taxes

4,933

5,375

VAT

10,177

10,514

Other creditors

15,356

13,418

Accrued expenses

1,715

1,630

118,512

131,120

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 October 2025 and 30 October 2024:

2025

2024

£

£

N Price

Balance outstanding at start of year

61,157

68,507

Amounts advanced

35,487

42,143

Amounts repaid

(35,487

)

(49,493

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

61,157

61,157

This balance represented the maximum amount outstanding during the year. Interest is charged on any overdrawn amounts at the beneficial loan interest rate.