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REGISTERED NUMBER: 10253168 (England and Wales)















PYMROYD SERVICES LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023






PYMROYD SERVICES LTD (REGISTERED NUMBER: 10253168)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 June 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PYMROYD SERVICES LTD

COMPANY INFORMATION
for the year ended 30 June 2023







DIRECTORS: J W Field
Mrs L Field





REGISTERED OFFICE: Gate 4
Unit D1/2, Meltham Mills Ind. Estate
Meltham
Holmfirth
West Yorkshire
HD9 4DS





REGISTERED NUMBER: 10253168 (England and Wales)





ACCOUNTANTS: Sheards
Chartered Accountants
Vernon House
40 New North Road
Huddersfield
West Yorkshire
HD1 5LS

PYMROYD SERVICES LTD (REGISTERED NUMBER: 10253168)

BALANCE SHEET
30 June 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 41,506 55,826

CURRENT ASSETS
Stocks 38,593 38,848
Debtors 5 169,095 112,398
Cash at bank 3,014 1,011
210,702 152,257
CREDITORS
Amounts falling due within one year 6 (156,748 ) (98,528 )
NET CURRENT ASSETS 53,954 53,729
TOTAL ASSETS LESS CURRENT
LIABILITIES

95,460

109,555

CREDITORS
Amounts falling due after more than one
year

7

(58,260

)

(75,855

)

PROVISIONS FOR LIABILITIES 10 (8,214 ) (10,471 )
NET ASSETS 28,986 23,229

CAPITAL AND RESERVES
Called up share capital 6,000 6,000
Retained earnings 22,986 17,229
SHAREHOLDERS' FUNDS 28,986 23,229

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

PYMROYD SERVICES LTD (REGISTERED NUMBER: 10253168)

BALANCE SHEET - continued
30 June 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 19 January 2024 and were signed on its behalf by:





J W Field - Director


PYMROYD SERVICES LTD (REGISTERED NUMBER: 10253168)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 June 2023


1. STATUTORY INFORMATION

Pymroyd Services 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover represents the invoiced value of services provided during the period net of value added tax.

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.
Improvements to property - 33% on cost
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

PYMROYD SERVICES LTD (REGISTERED NUMBER: 10253168)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2022 - 16 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2022 114,309
Additions 2,869
At 30 June 2023 117,178
DEPRECIATION
At 1 July 2022 58,483
Charge for year 17,189
At 30 June 2023 75,672
NET BOOK VALUE
At 30 June 2023 41,506
At 30 June 2022 55,826

PYMROYD SERVICES LTD (REGISTERED NUMBER: 10253168)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 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
etc
£   
COST
At 1 July 2022
and 30 June 2023 79,950
DEPRECIATION
At 1 July 2022 34,809
Charge for year 11,285
At 30 June 2023 46,094
NET BOOK VALUE
At 30 June 2023 33,856
At 30 June 2022 45,141

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 165,345 110,248
Other debtors 3,750 2,150
169,095 112,398

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 20,214 25,625
Hire purchase contracts (see note 8) 12,595 12,197
Trade creditors 37,469 28,661
Taxation and social security 84,249 30,199
Other creditors 2,221 1,846
156,748 98,528

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 30,833 35,833
Hire purchase contracts (see note 8) 27,427 40,022
58,260 75,855

PYMROYD SERVICES LTD (REGISTERED NUMBER: 10253168)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 2023


8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 12,595 12,197
Between one and five years 27,427 40,022
40,022 52,219

Non-cancellable operating leases
2023 2022
£    £   
Within one year 23,733 11,478
Between one and five years 82,118 42,526
105,851 54,004

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 38,333 45,833

The bank loan is secured by the UK Government under the Bounce Back loan initiative.

Hire purchases are secured against the relevant asset to which they relate.

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 8,214 10,471

Deferred
tax
£   
Balance at 1 July 2022 10,471
Provided during year (2,257 )
Balance at 30 June 2023 8,214

11. RELATED PARTY DISCLOSURES

Loans owing to the directors on an interest free basis of £247 (2022: £31) were outstanding at the year end, the amounts are repayable on demand.