Company Registration No. 09489332 (England and Wales)
Price Bros Surfacing Limited
Unaudited accounts
for the year ended 31 March 2022
Price Bros Surfacing Limited
Unaudited accounts
Contents
Price Bros Surfacing Limited
Company Information
for the year ended 31 March 2022
Directors
Mr Daniel Price
Mr Thomas Price
Company Number
09489332 (England and Wales)
Registered Office
THE FARMYARD ELMLEY ROAD
MINSTER ON SEA
KENT
ME123SS
UNITED KINGDOM
Accountants
Blue Sky Accountants Limited
Suite 2038
6 - 8 Revenge Road
Chatham
Kent
ME5 8UD
Price Bros Surfacing Limited
Statement of financial position
as at
31 March 2022
Tangible assets
186,490
469,379
Debtors
1,591,102
611,826
Cash at bank and in hand
353,869
434,507
Creditors: amounts falling due within one year
(629,261)
(856,033)
Net current assets
1,315,710
190,300
Total assets less current liabilities
1,502,200
659,679
Creditors: amounts falling due after more than one year
-
(342,112)
Net assets
1,502,200
317,567
Called up share capital
100
100
Profit and loss account
1,502,100
317,467
Shareholders' funds
1,502,200
317,567
For the year ending 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 6 December 2021 and were signed on its behalf by
Mr Daniel Price
Director
Company Registration No. 09489332
Price Bros Surfacing Limited
Notes to the Accounts
for the year ended 31 March 2022
Price Bros Surfacing Limited is a private company, limited by shares, registered in England and Wales, registration number 09489332. The registered office is THE FARMYARD ELMLEY ROAD, MINSTER ON SEA, KENT, ME123SS, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 April 2021
81,041
561,005
642,046
Additions
-
177,381
177,381
Disposals
-
(403,510)
(403,510)
At 31 March 2022
81,041
334,876
415,917
At 1 April 2021
32,416
140,251
172,667
Charge for the year
8,104
48,656
56,760
At 31 March 2022
40,520
188,907
229,427
At 31 March 2022
40,521
145,969
186,490
At 31 March 2021
48,625
420,754
469,379
Price Bros Surfacing Limited
Notes to the Accounts
for the year ended 31 March 2022
5
Debtors: amounts falling due within one year
2022
2021
Trade debtors
594,825
611,826
6
Creditors: amounts falling due within one year
2022
2021
Trade creditors
589,199
649,940
Taxes and social security
(3,510)
15,485
Other creditors
(170,748)
(88,998)
7
Creditors: amounts falling due after more than one year
2022
2021
8
Share capital
2022
2021
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 0 (2021: 0).