Company Registration No. 09489332 (England and Wales)
Price Bros Surfacing Limited
Unaudited accounts
for the year ended 31 March 2023
Price Bros Surfacing Limited
Unaudited accounts
Contents
Price Bros Surfacing Limited
Company Information
for the year ended 31 March 2023
Directors
Mr Daniel Price
Mr Thomas Price
Company Number
09489332 (England and Wales)
Registered Office
Woodlands Lodge
Greyhound Road
Sheerness
Kent
ME12 3SP
Accountants
Blue Sky Accountants Limited
Innovation Centre Medway
Maidstone Road
Chatham
Kent
ME5 9FD
Price Bros Surfacing Limited
Statement of financial position
as at 31 March 2023
Tangible assets
290,770
186,490
Cash at bank and in hand
296,274
353,869
Creditors: amounts falling due within one year
(31,204)
(644,843)
Net current assets
760,958
372,904
Total assets less current liabilities
1,051,728
559,394
Creditors: amounts falling due after more than one year
(170,334)
(170,334)
Net assets
881,394
389,060
Called up share capital
100
100
Profit and loss account
881,294
388,960
Shareholders' funds
881,394
389,060
For the year ending 31 March 2023 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 2 October 2023 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 2023
Price Bros Surfacing Limited is a private company, limited by shares, registered in England and Wales, registration number 09489332. The registered office is Woodlands Lodge, Greyhound Road, Sheerness, Kent, ME12 3SP.
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:
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Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 April 2022
81,041
334,876
415,917
Additions
-
322,941
322,941
At 31 March 2023
81,041
657,817
738,858
At 1 April 2022
40,520
188,907
229,427
Charge for the year
8,104
210,557
218,661
At 31 March 2023
48,624
399,464
448,088
At 31 March 2023
32,417
258,353
290,770
At 31 March 2022
40,521
145,969
186,490
Price Bros Surfacing Limited
Notes to the Accounts
for the year ended 31 March 2023
Amounts falling due within one year
Trade debtors
469,461
594,824
Other debtors
1,455
61,512
6
Creditors: amounts falling due within one year
2023
2022
Obligations under finance leases and hire purchase contracts
-
25,022
Taxes and social security
31,204
30,622
7
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
170,334
170,334
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 (2022: 0).