Registered number
13076201
PK DECORATING AND BUILDING SERVICES LTD
Filleted Accounts
31 December 2023
PK DECORATING AND BUILDING SERVICES LTD
Registered number: 13076201
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 46,039 23,346
Current assets
Debtors 4 2,855 2,855
Cash at bank and in hand 15,950 50,423
18,805 53,278
Creditors: amounts falling due within one year 5 (27,093) (56,493)
Net current liabilities (8,288) (3,215)
Net assets 37,751 20,131
Capital and reserves
Called up share capital 100 100
Profit and loss account 37,651 20,031
Shareholder's funds 37,751 20,131
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
P Krajewski
Director
Approved by the board on 3 September 2024
PK DECORATING AND BUILDING SERVICES LTD
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor vehicles 18% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Motor vehicles
£
Cost
At 1 January 2023 34,721
Additions 42,554
Disposals (9,755)
At 31 December 2023 67,520
Depreciation
At 1 January 2023 11,375
Charge for the year 10,106
At 31 December 2023 21,481
Net book value
At 31 December 2023 46,039
At 31 December 2022 23,346
4 Debtors 2023 2022
£ £
Trade debtors 2,855 2,855
5 Creditors: amounts falling due within one year 2023 2022
£ £
Director current account 619 10,466
Taxation and social security costs 26,474 46,027
27,093 56,493
6 Other information
PK DECORATING AND BUILDING SERVICES LTD is a private company limited by shares and incorporated in England. Its registered office is:
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