Company Registration No. 09489332 (England and Wales)
Price Bros Surfacing Limited
Unaudited accounts
for the year ended 31 March 2021
Price Bros Surfacing Limited
Unaudited accounts
Contents
Price Bros Surfacing Limited
Company Information
for the year ended 31 March 2021
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 2021
Tangible assets
469,379
475,530
Cash at bank and in hand
434,507
42,244
Creditors: amounts falling due within one year
(856,033)
(90,157)
Net current assets
190,300
260,119
Total assets less current liabilities
659,679
735,649
Creditors: amounts falling due after more than one year
(342,112)
(92,112)
Net assets
317,567
643,537
Called up share capital
100
100
Profit and loss account
317,467
643,437
Shareholders' funds
317,567
643,537
For the year ending 31 March 2021 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 16 June 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 2021
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 2020
81,041
682,060
763,101
Additions
-
561,005
561,005
Disposals
-
(682,060)
(682,060)
At 31 March 2021
81,041
561,005
642,046
At 1 April 2020
24,312
263,259
287,571
Charge for the year
8,104
140,251
148,355
On disposals
-
(263,259)
(263,259)
At 31 March 2021
32,416
140,251
172,667
At 31 March 2021
48,625
420,754
469,379
At 31 March 2020
56,729
418,801
475,530
Price Bros Surfacing Limited
Notes to the Accounts
for the year ended 31 March 2021
5
Debtors: amounts falling due within one year
2021
2020
Trade debtors
611,826
308,032
6
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
-
51,401
Trade creditors
649,940
-
Taxes and social security
15,485
26,044
Other creditors
(88,998)
-
Loans from directors
-
12,712
7
Creditors: amounts falling due after more than one year
2021
2020
Bank loans
342,112
92,112
8
Share capital
2021
2020
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 (2020: 0).