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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
Page
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Proserve Building Solutions Ltd Company Information for the year ended 31 May 2023
Directors
Daniel Pinnock Nicola Pinnock
Secretary
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
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Proserve Building Solutions Ltd Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
838 
2,436 
Current assets
Debtors
43,008 
40,939 
Cash at bank and in hand
147 
129 
43,155 
41,068 
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)
Capital and reserves
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
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Proserve Building Solutions Ltd Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Going concern
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
Pension costs
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.
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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 
Depreciation
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 
Net book value
At 31 May 2023
652 
- 
186 
838 
At 31 May 2022
2,112 
- 
324 
2,436 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
957 
- 
Trade debtors
24,051 
22,939 
Other debtors
18,000 
18,000 
43,008 
40,939 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
13,661 
13,286 
VAT
- 
28 
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 
Accruals
450 
450 
49,592 
45,511 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
18,750 
27,750 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
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Proserve Building Solutions Ltd Notes to the Accounts for the year ended 31 May 2023
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Daniel Pinnock
Interest free loan by director
(5,603)
270 
- 
(5,333)
Nicola Pinnock
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).
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