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REGISTERED NUMBER: 07694306 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

P & R SERVICES (LONDON) LTD

P & R SERVICES (LONDON) LTD (REGISTERED NUMBER: 07694306)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 JULY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


P & R SERVICES (LONDON) LTD

Company Information
FOR THE YEAR ENDED 31 JULY 2023







DIRECTORS: P Peters
S M Sales





REGISTERED OFFICE: Orchard House
Pond Approach
Holmer Green
Buckinghamshire
HP13 6RH





REGISTERED NUMBER: 07694306 (England and Wales)





ACCOUNTANTS: Diverset Limited
Chartered Accountants
Ferrari House
258 Field End Road
Ruislip
Middlesex
HA4 9UU

P & R SERVICES (LONDON) LTD (REGISTERED NUMBER: 07694306)

Balance Sheet
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 85,670 63,096

CURRENT ASSETS
Debtors 5 27,185 16,146
Cash at bank 11,709 -
38,894 16,146
CREDITORS
Amounts falling due within one year 6 124,082 129,343
NET CURRENT LIABILITIES (85,188 ) (113,197 )
TOTAL ASSETS LESS CURRENT LIABILITIES 482 (50,101 )

CREDITORS
Amounts falling due after more than one
year

7

22,088

4,637
NET LIABILITIES (21,606 ) (54,738 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (21,608 ) (54,740 )
SHAREHOLDERS' FUNDS (21,606 ) (54,738 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

P & R SERVICES (LONDON) LTD (REGISTERED NUMBER: 07694306)

Balance Sheet - continued
31 JULY 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 February 2024 and were signed on its behalf by:





P Peters - Director


P & R SERVICES (LONDON) LTD (REGISTERED NUMBER: 07694306)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 JULY 2023


1. STATUTORY INFORMATION

P & R Services (London) Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The company has been affected by fluctuations in the building trade. The Directors consider that the company is a going concern based upon their continued financial support.

Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

P & R SERVICES (LONDON) LTD (REGISTERED NUMBER: 07694306)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JULY 2023


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 August 2022 139,068 782 13,500 153,350
Additions 70,250 - - 70,250
Disposals (19,570 ) - - (19,570 )
At 31 July 2023 189,748 782 13,500 204,030
DEPRECIATION
At 1 August 2022 83,610 738 5,906 90,254
Charge for year 26,647 11 1,899 28,557
Eliminated on disposal (451 ) - - (451 )
At 31 July 2023 109,806 749 7,805 118,360
NET BOOK VALUE
At 31 July 2023 79,942 33 5,695 85,670
At 31 July 2022 55,458 44 7,594 63,096

P & R SERVICES (LONDON) LTD (REGISTERED NUMBER: 07694306)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JULY 2023


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 August 2022 125,500
Additions 70,250
Disposals (18,500 )
At 31 July 2023 177,250
DEPRECIATION
At 1 August 2022 73,642
Charge for year 25,902
At 31 July 2023 99,544
NET BOOK VALUE
At 31 July 2023 77,706
At 31 July 2022 51,858

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 4,620 5,602
Other debtors 22,565 10,544
27,185 16,146

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 3,585
Hire purchase contracts 15,087 13,910
Trade creditors 3,827 13,102
Taxation and social security 4,032 1,766
Other creditors 101,136 96,980
124,082 129,343

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 22,088 4,637

P & R SERVICES (LONDON) LTD (REGISTERED NUMBER: 07694306)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JULY 2023


8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 37,175 18,547

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2023 and 31 July 2022:

2023 2022
£    £   
P Peters
Balance outstanding at start of year (85,880 ) (68,019 )
Amounts advanced 45,981 (41,861 )
Amounts repaid (50,137 ) 24,000
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (90,036 ) (85,880 )

10. CONTROLLING PARTY

The controlling party is P Peters.

The ultimate controlling party is P Peters.