Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01truefalseNo description of principal activity204221trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 05253681 2023-04-01 2024-03-31 05253681 2022-04-01 2023-03-31 05253681 2024-03-31 05253681 2023-03-31 05253681 c:Director1 2023-04-01 2024-03-31 05253681 d:MotorVehicles 2023-04-01 2024-03-31 05253681 d:MotorVehicles 2024-03-31 05253681 d:MotorVehicles 2023-03-31 05253681 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 05253681 d:OfficeEquipment 2023-04-01 2024-03-31 05253681 d:OfficeEquipment 2024-03-31 05253681 d:OfficeEquipment 2023-03-31 05253681 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 05253681 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 05253681 d:Goodwill 2024-03-31 05253681 d:Goodwill 2023-03-31 05253681 d:CurrentFinancialInstruments 2024-03-31 05253681 d:CurrentFinancialInstruments 2023-03-31 05253681 d:Non-currentFinancialInstruments 2024-03-31 05253681 d:Non-currentFinancialInstruments 2023-03-31 05253681 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 05253681 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 05253681 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 05253681 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 05253681 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-03-31 05253681 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 05253681 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-03-31 05253681 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 05253681 d:ShareCapital 2024-03-31 05253681 d:ShareCapital 2023-03-31 05253681 d:RetainedEarningsAccumulatedLosses 2024-03-31 05253681 d:RetainedEarningsAccumulatedLosses 2023-03-31 05253681 c:FRS102 2023-04-01 2024-03-31 05253681 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 05253681 c:FullAccounts 2023-04-01 2024-03-31 05253681 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 05253681 2 2023-04-01 2024-03-31 05253681 d:Goodwill d:OwnedIntangibleAssets 2023-04-01 2024-03-31 05253681 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 05253681









P & A MAINTENANCE SERVICES LTD







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

 
P & A MAINTENANCE SERVICES LTD
REGISTERED NUMBER: 05253681

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
30,000
45,000

Tangible assets
 5 
17,648
14,907

  
47,648
59,907

Current assets
  

Debtors: amounts falling due within one year
 6 
1,152,909
1,221,622

Cash at bank and in hand
  
443,729
279,573

  
1,596,638
1,501,195

Creditors: amounts falling due within one year
 7 
(721,997)
(753,572)

Net current assets
  
 
 
874,641
 
 
747,623

Total assets less current liabilities
  
922,289
807,530

Creditors: amounts falling due after more than one year
 8 
(150,002)
(250,002)

  

Net assets
  
772,287
557,528


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
772,187
557,428

  
772,287
557,528


Page 1

 
P & A MAINTENANCE SERVICES LTD
REGISTERED NUMBER: 05253681
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 1 October 2024.




J S P Castrillon
Director


The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
P & A MAINTENANCE SERVICES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

P & A Maintenance Services Limited (the 'Company') is a private Company limited by shares, incorporated in England and Wales. Its registeration number is 05253681. The registered office is Unit 5a 445 Caledonian Road, London, England, N7 9BG. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to the Statement of income and retained earnings on a straight-line basis over the lease term.

 
2.4

Interest income

Interest income is recognised in the Statement of income and retained earnings using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to the Statement of income and retained earnings over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
P & A MAINTENANCE SERVICES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.6

Borrowing costs

All borrowing costs are recognised in the Statement of income and retained earnings in the year in which they are incurred.

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

Taxation

Tax is recognised in the Statement of income and retained earnings except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

 
2.9

Intangible assets

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis to the Statement of income and retained earnings over its useful economic life of 20 years.

 
2.10

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
P & A MAINTENANCE SERVICES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.10
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives. Depreciation is provided on the following annual bases:

Motor vehicles
-
18% reducing balance
Equipment
-
3 years straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of income and retained earnings.

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5

 
P & A MAINTENANCE SERVICES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.14

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

 
2.15

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 6

 
P & A MAINTENANCE SERVICES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 204 (2023 - 221).


4.


Intangible assets




Goodwill

£



Cost


At 1 April 2023
300,000



At 31 March 2024

300,000



Amortisation


At 1 April 2023
255,000


Charge for the year on owned assets
15,000



At 31 March 2024

270,000



Net book value



At 31 March 2024
30,000



At 31 March 2023
45,000



Page 7

 
P & A MAINTENANCE SERVICES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Tangible fixed assets





Motor vehicles
Equipment
Total

£
£
£



Cost


At 1 April 2023
89,132
91,919
181,051


Additions
-
8,133
8,133



At 31 March 2024

89,132
100,052
189,184



Depreciation


At 1 April 2023
79,598
86,546
166,144


Charge for the year on owned assets
1,716
3,676
5,392



At 31 March 2024

81,314
90,222
171,536



Net book value



At 31 March 2024
7,818
9,830
17,648



At 31 March 2023
9,534
5,373
14,907


6.


Debtors

2024
2023
£
£


Trade debtors
801,182
691,447

Amounts owed by group undertakings
161,824
123,399

Other debtors
170,286
397,790

Prepayments and accrued income
19,617
8,986

1,152,909
1,221,622


Page 8

 
P & A MAINTENANCE SERVICES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
100,000
100,000

Trade creditors
60,858
102,397

Corporation tax
277,420
134,915

Other taxation and social security
255,383
392,285

Other creditors
22,986
18,875

Accruals and deferred income
5,350
5,100

721,997
753,572



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
150,002
250,002



9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
100,000
100,000

Amounts falling due 1-2 years

Bank loans
100,000
100,000

Amounts falling due 2-5 years

Bank loans
50,002
150,002


250,002
350,002


Bank loans of £250,002 (2023 - £350,002) are secured by a debenture comprising fixed and floating charges over all the assets or undertaking of the Company. 

Page 9

 
P & A MAINTENANCE SERVICES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

10.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £51,672 (2023 - £42,465). At the balance sheet date there were outstanding contributions of £17,499 (2023 - £17,176)


11.


Related party transactions

During the year, the directors had an interest in dividends of £234,000 (2023 - £501,000)
At the year end, the Company was owed £129,318 
(2023 - £360,054) by it's directors. During the year there were advances of £239,405 and repayments of £480,838, interest of £10,693 was charged on the loan balance at the HMRC official rate of interest. 


12.


Controlling party

The Company's parent undertaking is Panda Support Services Limited, a Company incorporated in England and Wales. Its registered office is Unit 5a 445 Caledonian Road, London, England, N7 9BG. 

 
Page 10