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REGISTERED NUMBER: 07954918 (England and Wales)










Unaudited Financial Statements for the Year Ended 31 March 2024

for

PTS GROUP HOLDINGS LIMITED

PTS GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 07954918)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

PTS GROUP HOLDINGS LIMITED

Company Information
for the Year Ended 31 March 2024







DIRECTORS: E J Roe
S M Baldwin





REGISTERED OFFICE: Telegraph House
59 Wolverhampton Road
Stafford
ST17 4AW





REGISTERED NUMBER: 07954918 (England and Wales)





ACCOUNTANTS: CHEADLES
Chartered Accountants
Telegraph House
59 Wolverhampton Road
Stafford
Staffordshire
ST17 4AW

PTS GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 07954918)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 174,482 175,701

CURRENT ASSETS
Debtors 5 175,389 52,532
Cash at bank 15,090 27,461
190,479 79,993
CREDITORS
Amounts falling due within one year 6 46,151 28,547
NET CURRENT ASSETS 144,328 51,446
TOTAL ASSETS LESS CURRENT
LIABILITIES

318,810

227,147

CREDITORS
Amounts falling due after more than one year 7 (30,052 ) (12,979 )

PROVISIONS FOR LIABILITIES (32,620 ) (32,620 )
NET ASSETS 256,138 181,548

CAPITAL AND RESERVES
Called up share capital 400 400
Retained earnings 255,738 181,148
SHAREHOLDERS' FUNDS 256,138 181,548

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

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 7 August 2024 and were signed on its behalf by:



E J Roe - Director



S M Baldwin - Director


PTS GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 07954918)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

PTS Group Holdings 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 etc - 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

PTS GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 07954918)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 158,118 74,177 - 5,844 238,139
Additions 7,460 5,667 37,480 1,650 52,257
At 31 March 2024 165,578 79,844 37,480 7,494 290,396
DEPRECIATION
At 1 April 2023 49,127 12,373 - 938 62,438
Charge for year 28,560 16,395 7,066 1,455 53,476
At 31 March 2024 77,687 28,768 7,066 2,393 115,914
NET BOOK VALUE
At 31 March 2024 87,891 51,076 30,414 5,101 174,482
At 31 March 2023 108,991 61,804 - 4,906 175,701

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 37,480
At 31 March 2024 37,480
DEPRECIATION
Charge for year 7,066
At 31 March 2024 7,066
NET BOOK VALUE
At 31 March 2024 30,414

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Amounts owed by participating interests 174,629 45,439
Other debtors 760 7,093
175,389 52,532

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 8,284 -
Trade creditors 1,435 9,794
Amounts owed to participating interests - 8,200
Taxation and social security 28,197 (32 )
Other creditors 8,235 10,585
46,151 28,547

PTS GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 07954918)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 29,434 12,361
Other creditors 618 618
30,052 12,979

8. ULTIMATE CONTROLLING PARTY

The directors and their wives own 100% of the issued share capital.

9. SHORT TERM EMPLOYEE BENEFITS

The company's holiday year end runs in conjunction with the financial year end, and so no holiday accrual is required.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
PTS Group Holdings Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of PTS Group Holdings Limited for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of PTS Group Holdings Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of PTS Group Holdings Limited and state those matters that we have agreed to state to the Board of Directors of PTS Group Holdings Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than PTS Group Holdings Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that PTS Group Holdings Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of PTS Group Holdings Limited. You consider that PTS Group Holdings Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of PTS Group Holdings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






CHEADLES
Chartered Accountants
Telegraph House
59 Wolverhampton Road
Stafford
Staffordshire
ST17 4AW


7 August 2024