REGISTERED NUMBER: 06741244 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

P R ELFORD LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P R Elford

Mrs J Barrett

REGISTERED OFFICE:

18 High West Street

Dorchester

Dorset

DT1 1UW

REGISTERED NUMBER:

06741244 (England and Wales)

ACCOUNTANTS:

Pugsley Revill

18 High West Street

Dorchester

Dorset

DT1 1UW

FIXED ASSETS

Intangible assets

4

30,000

40,000

Tangible assets

5

108,493

117,244

138,493

157,244

CURRENT ASSETS

Stocks

46,396

37,968

Debtors

6

105,151

71,152

Cash at bank

142,803

143,483

294,350

252,603

CREDITORS

Amounts falling due within one year

7

332,413

286,364

NET CURRENT LIABILITIES

(38,063

)

(33,761

)

TOTAL ASSETS LESS CURRENT LIABILITIES

100,430

123,483

CREDITORS

Amounts falling due after more than one year

8

(20,210

)

(30,400

)

PROVISIONS FOR LIABILITIES

10

(27,123

)

(22,276

)

NET ASSETS

53,097

70,807

CAPITAL AND RESERVES

Called up share capital

11

100

100

Retained earnings

52,997

70,707

SHAREHOLDERS' FUNDS

53,097

70,807

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

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

The directors acknowledge their 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 Board of Directors and authorised for issue on 14 September 2026 and were signed on its behalf by:

P R Elford - Director

Mrs J Barrett - Director

1.	STATUTORY INFORMATION

P R Elford 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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 equipment

-

20% on reducing balance

Furniture and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Office and computer equipment

-

25% on reducing balance

Stocks

Stock and work in progress are valued at the lower of cost and net realisable value, after making due

provision for obsolete and slow-moving items.

Cost includes all direct costs and an appropriate proportion of fixed and variable overheads,

and in the case of work in progress a proportion of attributable profit.

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 18 (2024 - 21 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2025

and 31 December 2025

200,000

AMORTISATION

At 1 January 2025

160,000

Amortisation for year

10,000

At 31 December 2025

170,000

NET BOOK VALUE

At 31 December 2025

30,000

At 31 December 2024

40,000

5.	TANGIBLE FIXED ASSETS

Office

Furniture

and

Plant and

and

Motor

computer

equipment

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2025

41,532

6,254

225,199

30,172

303,157

Additions

1,446

-

21,139

2,891

25,476

Disposals

-

-

(27,675

)

-

(27,675

)

At 31 December 2025

42,978

6,254

218,663

33,063

300,958

DEPRECIATION

At 1 January 2025

35,552

5,830

120,022

24,509

185,913

Charge for year

1,485

85

26,062

2,139

29,771

Eliminated on disposal

-

-

(23,219

)

-

(23,219

)

At 31 December 2025

37,037

5,915

122,865

26,648

192,465

NET BOOK VALUE

At 31 December 2025

5,941

339

95,798

6,415

108,493

At 31 December 2024

5,980

424

105,177

5,663

117,244

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

Motor

vehicles

£

COST

At 1 January 2025

112,804

Additions

21,139

Transfer to ownership

(43,550

)

At 31 December 2025

90,393

DEPRECIATION

At 1 January 2025

35,862

Charge for year

14,972

Transfer to ownership

(22,970

)

At 31 December 2025

27,864

NET BOOK VALUE

At 31 December 2025

62,529

At 31 December 2024

76,942

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

104,980

71,152

Other debtors

171

-

105,151

71,152

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

7,825

7,825

Hire purchase contracts

18,893

21,311

Trade creditors

190,673

153,660

Credit card

6,615

1,826

Corporation tax

16,851

6,134

Social security and other taxes

10,180

9,471

VAT

29,908

35,650

Other creditors

1,524

9,072

Directors' loan accounts

46,151

38,317

Accruals

3,793

3,098

332,413

286,364

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

1,312

7,825

Bank loans - 2-5 years

-

1,312

Hire purchase contracts

18,898

21,263

20,210

30,400

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

9,137

16,962

Hire purchase contracts

37,791

42,574

46,928

59,536

10.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

27,123

22,276

Deferred

tax

£

Balance at 1 January 2025

22,276

Provided during year

4,847

Balance at 31 December 2025

27,123

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary A

£1

100

100