P. Prudom & Son Limited - Filleted accounts

Registered number

06027196

P. Prudom & Son Limited

Unaudited Filleted Accounts

31 March 2025

P. Prudom & Son Limited
Registered number:		06027196
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	4		211,408			161,803
Herd basis			52,030			77,560
			263,438			239,363

Current assets
Valuation		424,802			425,589
Debtors	5	17,579			9,984
Investments held as current assets	6	7,970			7,418
Cash at bank and in hand		169,905			72,055
		620,256			515,046

Creditors: amounts falling due within one year	7	(576,098)			(607,453)

Net current assets/(liabilities)			44,158			(92,407)

Net assets			307,596			146,956

Capital and reserves
Called up share capital			120			120
Profit and loss account			307,476			146,836

Shareholders' funds			307,596			146,956

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mrs C Prudom
Director
Approved by the board on 24 November 2025

P. Prudom & Son Limited
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings
	Leasehold land and buildings
	Plant and machinery			10% Reducing balance
	Motor vehicles and tractors			20% Reducing balance

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					3		3


3	Intangible fixed assets							£
	Entitlement

	Cost
	At 1 April 2024							260,456
	At 31 March 2025							260,456

	Amortisation
	At 1 April 2024							260,456
	At 31 March 2025							260,456

	Net book value
	At 31 March 2025							-




4	Tangible fixed assets
		Tenants improvements		Plant and machinery etc		Motor vehicles & Tractors		Total
£			£		£		£
	Cost
	At 1 April 2024	21,646		314,774		173,938		510,358
	Additions	-		11,037		72,500		83,537
	Disposals	-		-		(66,450)		(66,450)
	At 31 March 2025	21,646		325,811		179,988		527,445

	Depreciation
	At 1 April 2024	-		192,083		156,472		348,555
	Charge for the year	-		13,202		17,306		30,508
	On disposals	-		-		(63,026)		(63,026)
	At 31 March 2025	-		205,285		110,752		316,037

	Net book value
	At 31 March 2025	21,646		120,526		69,236		211,408
	At 31 March 2024	21,646		122,691		17,466		161,803


5	Debtors					2025		2024
£							£

	Trade debtors					14,171		9,552
	Other debtors					3,408		432
						17,579		9,984


6	Investments held as current assets					2025		2024
£							£
	Fair value
	Unlisted investments					7,970		7,418



7	Creditors: amounts falling due within one year					2025		2024
£							£

	Trade creditors					39,566		58,033
	Taxation and social security costs					636		16,739
	Other creditors					535,896		532,681
						576,098		607,453


8	Other information

	P. Prudom & Son Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Northfields
	Mickleby
	Saltburn-by-the-Sea
	TS13 5NE