REGISTERED NUMBER: 05546378 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

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

46,342

54,618

CURRENT ASSETS

Stocks

600

600

Debtors

5

231,035

207,849

Cash at bank and in hand

113,383

111,686

345,018

320,135

CREDITORS

Amounts falling due within one year

6

81,398

70,938

NET CURRENT ASSETS

263,620

249,197

TOTAL ASSETS LESS CURRENT LIABILITIES

309,962

303,815

PROVISIONS FOR LIABILITIES

8,714

10,267

NET ASSETS

301,248

293,548

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

301,246

293,546

SHAREHOLDERS' FUNDS

301,248

293,548

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 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 21 November 2025 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Equipment,

Furniture

Motor

Computer

etc

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2024

88,927

63,590

24,861

177,378

Additions

-

-

4,741

4,741

At 31 March 2025

88,927

63,590

29,602

182,119

DEPRECIATION

At 1 April 2024

83,596

16,957

22,207

122,760

Charge for year

800

9,327

2,890

13,017

At 31 March 2025

84,396

26,284

25,097

135,777

NET BOOK VALUE

At 31 March 2025

4,531

37,306

4,505

46,342

At 31 March 2024

5,331

46,633

2,654

54,618

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

45,179

30,009

Work-in-progress

40,572

45,781

Other debtors

37,650

37,650

Directors' current accounts

52,315

57,299

Prepayments

55,319

37,110

231,035

207,849

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Taxation and social security

73,557

65,038

Other creditors

7,841

5,900

81,398

70,938

7.	LEASING AGREEMENTS

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

31.3.25

31.3.24

£

£

Within one year

2,391

4,782

Between one and five years

-

2,391

2,391

7,173

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

S O Hill

Balance outstanding at start of year

52,549

53,003

Amounts advanced

72,816

59,596

Amounts repaid

(73,050

)

(60,050

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

52,315

52,549

Mrs S Hill

Balance outstanding at start of year

4,750

16,577

Amounts advanced

66,759

48,173

Amounts repaid

(73,000

)

(60,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(1,491

)

4,750

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