REGISTERED NUMBER: 05546378 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2026

for

Price & Son Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S O Hill

Mrs S Hill

REGISTERED OFFICE:

33 Hill Lane

HAVERFORDWEST

Pembrokeshire

SA611PS

REGISTERED NUMBER:

05546378 (England and Wales)

FIXED ASSETS

Tangible assets

4

38,044

46,342

CURRENT ASSETS

Stocks

600

600

Debtors

5

200,947

231,035

Cash at bank and in hand

147,882

113,383

349,429

345,018

CREDITORS

Amounts falling due within one year

6

71,456

81,398

NET CURRENT ASSETS

277,973

263,620

TOTAL ASSETS LESS CURRENT LIABILITIES

316,017

309,962

PROVISIONS FOR LIABILITIES

7,138

8,714

NET ASSETS

308,879

301,248

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

308,877

301,246

SHAREHOLDERS' FUNDS

308,879

301,248

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 5 October 2026 and were signed on its behalf by:

S O Hill - Director

Mrs S Hill - Director

1.	STATUTORY INFORMATION

Price & Son 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.

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 etc

-

25% on cost, 20% on reducing balance and 15% 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2025 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Equipment,

Furniture

Motor

Computer

etc

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2025

88,927

63,590

29,602

182,119

Additions

-

-

2,183

2,183

At 31 March 2026

88,927

63,590

31,785

184,302

DEPRECIATION

At 1 April 2025

84,396

26,284

25,097

135,777

Charge for year

680

7,461

2,340

10,481

At 31 March 2026

85,076

33,745

27,437

146,258

NET BOOK VALUE

At 31 March 2026

3,851

29,845

4,348

38,044

At 31 March 2025

4,531

37,306

4,505

46,342

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade debtors

60,161

45,179

Work-in-progress

34,509

40,572

Other debtors

35,971

37,650

Directors' current accounts

52,267

52,315

Prepayments

18,039

55,319

200,947

231,035

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Taxation and social security

62,630

73,557

Other creditors

8,826

7,841

71,456

81,398

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.3.26

31.3.25

£

£

Within one year

-

2,391

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2026 and 31 March 2025:

31.3.26

31.3.25

£

£

S O Hill

Balance outstanding at start of year

52,315

52,549

Amounts advanced

51,701

72,816

Amounts repaid

(51,750

)

(73,050

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

52,266

52,315

Mrs S Hill

Balance outstanding at start of year

(1,491

)

4,750

Amounts advanced

50,965

66,759

Amounts repaid

(51,700

)

(73,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(2,226

)

(1,491

)

The directors pay interest at the official HMRC rate in respect of all loans from the company.