REGISTERED NUMBER: 04325435 (England and Wales)

Prodrive Property Maintenance Limited

Unaudited Financial Statements for the Year Ended 31st March 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

I D Boyes

R D Dent

SECRETARY:

Mrs C Jackson

REGISTERED OFFICE:

Field Buildings

Telford Road

Middlesbrough

CLEVELAND

TS3 8BL

REGISTERED NUMBER:

04325435 (England and Wales)

ACCOUNTANTS:

DRAYCOTT & KIRK LLP

Cleveland House

92 Westgate

Guisborough

CLEVELAND

TS14 6AP

FIXED ASSETS

Tangible assets

4

453,139

549,361

CURRENT ASSETS

Stocks

1,680,622

923,201

Debtors

5

3,005,557

2,773,340

Cash at bank and in hand

1,121,139

683,693

5,807,318

4,380,234

CREDITORS

Amounts falling due within one year

6

3,285,077

2,668,548

NET CURRENT ASSETS

2,522,241

1,711,686

TOTAL ASSETS LESS CURRENT LIABILITIES

2,975,380

2,261,047

CREDITORS

Amounts falling due after more than one year

7

(203,052

)

(334,896

)

PROVISIONS FOR LIABILITIES

(103,162

)

(122,083

)

NET ASSETS

2,669,166

1,804,068

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

2,668,966

1,803,868

SHAREHOLDERS' FUNDS

2,669,166

1,804,068

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18th November 2025 and were signed on its behalf by:

I D Boyes - Director

1.	STATUTORY INFORMATION

Prodrive Property Maintenance 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on reducing balance and 15% on reducing balance

Stocks

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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

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 95 (2024 - 93 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1st April 2024

89,868

124,437

737,986

952,291

Additions

21,881

10,336

10,080

42,297

Disposals

-

-

(6,950

)

(6,950

)

At 31st March 2025

111,749

134,773

741,116

987,638

DEPRECIATION

At 1st April 2024

60,309

88,764

253,857

402,930

Charge for year

10,135

6,212

121,491

137,838

Eliminated on disposal

-

-

(6,269

)

(6,269

)

At 31st March 2025

70,444

94,976

369,079

534,499

NET BOOK VALUE

At 31st March 2025

41,305

39,797

372,037

453,139

At 31st March 2024

29,559

35,673

484,129

549,361

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

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1st April 2024

28,500

333,749

362,249

Transfer to ownership

(28,500

)

-

(28,500

)

At 31st March 2025

-

333,749

333,749

DEPRECIATION

At 1st April 2024

17,367

53,917

71,284

Charge for year

-

69,958

69,958

Transfer to ownership

(17,367

)

-

(17,367

)

At 31st March 2025

-

123,875

123,875

NET BOOK VALUE

At 31st March 2025

-

209,874

209,874

At 31st March 2024

11,133

279,832

290,965

5.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Trade debtors

2,945,361

2,505,603

Other debtors

60,196

50,834

3,005,557

2,556,437

2025

2024

£

£

Amounts falling due after more than one year:

Other debtors

-

216,903

Aggregate amounts

3,005,557

2,773,340

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

90,178

93,928

Trade creditors

303,599

354,799

Taxation and social security

1,877,857

1,257,383

Other creditors

1,013,443

962,438

3,285,077

2,668,548

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

98,885

189,063

Other creditors

104,167

145,833

203,052

334,896

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is I D Boyes.