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REGISTERED NUMBER: 02021082 (England and Wales)















P & A SERVICES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023






P & A SERVICES LIMITED (REGISTERED NUMBER: 02021082)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


P & A SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTORS: A C Severn
K Severn





REGISTERED OFFICE: Unit 4, Titan House
Newby Road Industrial Estate
Lowick Close
Stockport
SK7 5ED





REGISTERED NUMBER: 02021082 (England and Wales)





ACCOUNTANTS: Clarke Nicklin LLP
Chartered Accountants
Clarke Nicklin House
Brooks Drive
Cheadle Royal Business Park
Cheadle
Cheshire
SK8 3TD

P & A SERVICES LIMITED (REGISTERED NUMBER: 02021082)

BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 19,726 6,599

CURRENT ASSETS
Stocks 18,959 16,297
Debtors 5 237,032 188,783
Cash at bank and in hand 138,227 104,234
394,218 309,314
CREDITORS
Amounts falling due within one year 6 78,595 41,345
NET CURRENT ASSETS 315,623 267,969
TOTAL ASSETS LESS CURRENT
LIABILITIES

335,349

274,568

CREDITORS
Amounts falling due after more than one
year

7

(5,333

)

-

PROVISIONS FOR LIABILITIES 8 (4,932 ) (1,254 )
NET ASSETS 325,084 273,314

CAPITAL AND RESERVES
Called up share capital 9 10,130 10,130
Retained earnings 314,954 263,184
SHAREHOLDERS' FUNDS 325,084 273,314

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 & A SERVICES LIMITED (REGISTERED NUMBER: 02021082)

BALANCE SHEET - continued
30 SEPTEMBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 February 2024 and were signed on its behalf by:





A C Severn - Director


P & A SERVICES LIMITED (REGISTERED NUMBER: 02021082)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023


1. STATUTORY INFORMATION

P & A Services Limited 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.

Going concern
The directors have reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The directors have reached this conclusion giving due consideration to the projected future performance of the company and any potential risk that might impact the company's ability to meet its required solvency levels. For this reason, they continue to adopt the going concern basis in preparing the financial statements.

Turnover
Turnover represents net invoiced sales of goods and services, excluding 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.

Tools and equipment- 15% on reducing balance
Fixtures and fittings- 15% on reducing balance
Motor vehicles- 33% on reducing balance
Computer equipment- 25% on cost

Stock
Stock is valued at the lower of cost and net realisable value. The cost of finished goods includes a relevant proportion of overheads.

Amounts recoverable on contracts
Turnover on long term contracts is reflected in the profit and loss accounts as contract activity progresses. Amounts recoverable on contracts is based on the cost of materials and labour hours to date.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

P & A SERVICES LIMITED (REGISTERED NUMBER: 02021082)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


2. ACCOUNTING POLICIES - continued

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.

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 5 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Tools and and Motor Computer
equipment fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 October 2022 6,115 4,102 43,687 3,519 57,423
Additions 2,650 117 14,995 541 18,303
Disposals (1,908 ) - - (1,464 ) (3,372 )
At 30 September 2023 6,857 4,219 58,682 2,596 72,354
DEPRECIATION
At 1 October 2022 4,161 3,676 40,571 2,416 50,824
Charge for year 646 81 3,502 649 4,878
Eliminated on disposal (1,610 ) - - (1,464 ) (3,074 )
At 30 September 2023 3,197 3,757 44,073 1,601 52,628
NET BOOK VALUE
At 30 September 2023 3,660 462 14,609 995 19,726
At 30 September 2022 1,954 426 3,116 1,103 6,599


P & A SERVICES LIMITED (REGISTERED NUMBER: 02021082)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 14,995
At 30 September 2023 14,995
DEPRECIATION
Charge for year 2,474
At 30 September 2023 2,474
NET BOOK VALUE
At 30 September 2023 12,521

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 71,166 52,229
Amounts owed by group undertakings 152,680 133,100
Other debtors 1,186 1,186
Prepayments 12,000 2,268
237,032 188,783

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 3,333 -
Trade creditors 37,979 19,271
Corporation tax 9,946 3,603
Social security and other taxes 2,612 1,440
VAT 16,951 9,879
Other creditors - 817
Accruals and deferred income 7,774 6,335
78,595 41,345

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 5,333 -

P & A SERVICES LIMITED (REGISTERED NUMBER: 02021082)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 4,932 1,254

Deferred
tax
£   
Balance at 1 October 2022 1,254
Charge to Statement of Income and Retained Earnings during year 3,678
Balance at 30 September 2023 4,932

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
10,100 'A' Ordinary £1 10,100 10,100
30 'B' Ordinary £1 30 30
10,130 10,130

The Ordinary 'B' shareholders do not have voting rights and are not entitled to participate in the profits of the company. On the winding up of the company the shareholders are entitled to 1% of the amount by which the value of the assets available for distribution exceeds the value of the Company as at 3 November 2005, in respect of each Ordinary 'B' share held.

10. CONTROLLING PARTY

The company is under the control of Mr A C Severn and Mrs K Severn.