Paul Rhodes Commercials (York) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 08362807 (England and Wales)

PAUL RHODES COMMERCIALS (YORK) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31ST JANUARY 2026

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr P Rhodes

Mrs P Rhodes

SECRETARY:

Mrs P Rhodes

REGISTERED OFFICE:

6 Oak Tree Close

Strensall

York

North Yorkshire

YO32 5TE

REGISTERED NUMBER:

08362807 (England and Wales)

ACCOUNTANTS:

KTC

Chartered Certified Accountants

80 West View

Barlby Road

Selby

North Yorkshire

YO8 5BD

FIXED ASSETS

Intangible assets

4

17,570

20,080

Tangible assets

5

16,139

18,037

33,709

38,117

CURRENT ASSETS

Stocks

6

34,854

313,862

Debtors

7

14,756

17,090

Cash at bank

717,281

512,533

766,891

843,485

CREDITORS

Amounts falling due within one year

8

(4,219

)

(21,742

)

NET CURRENT ASSETS

762,672

821,743

TOTAL ASSETS LESS CURRENT
LIABILITIES

796,381

859,860

PROVISIONS FOR LIABILITIES

(728

)

(1,304

)

NET ASSETS

795,653

858,556

CAPITAL AND RESERVES

Called up share capital

118

Retained earnings

795,535

858,438

SHAREHOLDERS' FUNDS

795,653

858,556

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22nd October 2026 and were signed on its behalf by:

Mr P Rhodes - Director

Mrs P Rhodes - Director

1.	STATUTORY INFORMATION

Paul Rhodes Commercials (York) 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 2013, 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.

Improvements to property

-

10% on reducing balance

Portacabin

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2025 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st February 2025

and 31st January 2026

50,200

AMORTISATION

At 1st February 2025

30,120

Amortisation for year

2,510

At 31st January 2026

32,630

NET BOOK VALUE

At 31st January 2026

17,570

At 31st January 2025

20,080

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

property

Portacabin

fittings

£

COST

At 1st February 2025

22,789

5,000

15,347

Additions

-

146

Disposals

-

(183

)

At 31st January 2026

22,789

5,000

15,310

DEPRECIATION

At 1st February 2025

11,617

4,657

10,947

Charge for year

1,118

69

882

Eliminated on disposal

-

(66

)

At 31st January 2026

12,735

4,726

11,763

NET BOOK VALUE

At 31st January 2026

10,054

274

3,547

At 31st January 2025

11,172

343

4,400

Motor

Computer

vehicles

equipment

Totals

£

COST

At 1st February 2025

2,000

2,182

47,318

Additions

900

-

1,046

Disposals

-

(183

)

At 31st January 2026

2,900

2,182

48,181

DEPRECIATION

At 1st February 2025

500

1,560

29,281

Charge for year

600

158

2,827

Eliminated on disposal

-

(66

)

At 31st January 2026

1,100

1,718

32,042

NET BOOK VALUE

At 31st January 2026

1,800

464

16,139

At 31st January 2025

1,500

622

18,037

6.

STOCKS

2026

2025

£

Stocks

34,854

33,913

Work-in-progress

-

279,949

34,854

313,862

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade debtors

625

12,950

Tax

8,002

-

VAT

1,292

-

Prepayments

4,837

4,140

14,756

17,090

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade creditors

314

3,065

Tax

-

8,002

Social security and other taxes

628

411

VAT

-

6,004

Directors' current accounts

153

469

Accrued expenses

3,124

3,791

4,219

21,742

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2026

2025

£

Mrs P Rhodes and Mr P Rhodes

Balance outstanding at start of year

-

Amounts advanced

630

-

Amounts repaid

(630

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

Advances were repayable on demand.