Company Registration No. 08062944 (England and Wales)
Proserve Building Solutions Ltd
Unaudited accounts
for the year ended 31 May 2023
Proserve Building Solutions Ltd
Unaudited accounts
Contents
Proserve Building Solutions Ltd
Company Information
for the year ended 31 May 2023
Directors
Daniel Pinnock
Nicola Pinnock
Company Number
08062944 (England and Wales)
Registered Office
55 ST. AUGUSTINE ROAD
SOUTHSEA
HAMPSHIRE
PO4 9AA
ENGLAND
Accountants
Square Accounts Limited
5 Albert Road
Southsea
Hampshire
PO5 2SE
Proserve Building Solutions Ltd
Statement of financial position
as at 31 May 2023
Cash at bank and in hand
147
129
Creditors: amounts falling due within one year
(49,592)
(45,511)
Net current liabilities
(6,437)
(4,443)
Total assets less current liabilities
(5,599)
(2,007)
Creditors: amounts falling due after more than one year
(18,750)
(27,750)
Net liabilities
(24,349)
(29,757)
Called up share capital
100
100
Profit and loss account
(24,449)
(29,857)
Shareholders' funds
(24,349)
(29,757)
For the year ending 31 May 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 23 February 2024 and were signed on its behalf by
Nicola Pinnock
Director
Company Registration No. 08062944
Proserve Building Solutions Ltd
Notes to the Accounts
for the year ended 31 May 2023
Proserve Building Solutions Ltd is a private company, limited by shares, registered in England and Wales, registration number 08062944. The registered office is 55 ST. AUGUSTINE ROAD, SOUTHSEA, HAMPSHIRE, PO4 9AA, ENGLAND.
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.
The financial statements have been prepared on a going concern basis as the shareholders have agreed to support the business.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20-25% straight line
Fixtures & fittings
20% straight line
Computer equipment
20% straight line
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Proserve Building Solutions Ltd
Notes to the Accounts
for the year ended 31 May 2023
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 June 2022
33,237
2,017
1,671
36,925
Disposals
(5,400)
(2,017)
(831)
(8,248)
At 31 May 2023
27,837
-
840
28,677
At 1 June 2022
31,125
2,017
1,347
34,489
Charge for the year
1,460
-
138
1,598
On disposals
(5,400)
(2,017)
(831)
(8,248)
At 31 May 2023
27,185
-
654
27,839
At 31 May 2023
652
-
186
838
At 31 May 2022
2,112
-
324
2,436
Amounts falling due within one year
Trade debtors
24,051
22,939
Other debtors
18,000
18,000
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
13,661
13,286
Trade creditors
10,913
6,831
Taxes and social security
887
1,384
Other creditors
9,223
9,896
Loans from directors
14,458
13,636
7
Creditors: amounts falling due after more than one year
2023
2022
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
Proserve Building Solutions Ltd
Notes to the Accounts
for the year ended 31 May 2023
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Interest free loan by director
(5,603)
270
-
(5,333)
Interest free loan by director
(8,033)
-
1,092
(9,125)
(13,636)
270
1,092
(14,458)
10
Transactions with related parties
The directors maintain an interest free loans with the company. The balances owed to the directors as at 31 May 2023 were:
Daniel Pinnock: £5,333 (2022 - £5,603)
Nicola Pinnock: £9,125 (2022 - £8,033)
11
Average number of employees
During the year the average number of employees was 2 (2022: 2).