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REGISTERED NUMBER: 05241103 (England and Wales)















P & H SERVICES (SOUTH WALES) LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024






P & H SERVICES (SOUTH WALES) LIMITED (REGISTERED NUMBER: 05241103)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


P & H SERVICES (SOUTH WALES) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: Mr P Jones
Mr P Russell





REGISTERED OFFICE: Suite 14
Cedar Court Havens Head Business Park
Hakin
Milford Haven
Pembrokeshire
SA73 3LS





REGISTERED NUMBER: 05241103 (England and Wales)





ACCOUNTANTS: Carston Chartered Accountants
Tudor House
16 Cathedral Road
Cardiff
CF11 9LJ

P & H SERVICES (SOUTH WALES) LIMITED (REGISTERED NUMBER: 05241103)

STATEMENT OF FINANCIAL POSITION
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 49,702 42,043

CURRENT ASSETS
Debtors 5 1,147,769 859,788
Cash at bank 601,580 483,805
1,749,349 1,343,593
CREDITORS
Amounts falling due within one year 6 715,281 516,805
NET CURRENT ASSETS 1,034,068 826,788
TOTAL ASSETS LESS CURRENT LIABILITIES 1,083,770 868,831

CREDITORS
Amounts falling due after more than one year 7 57,141 52,338
NET ASSETS 1,026,629 816,493

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 1,026,627 816,491
SHAREHOLDERS' FUNDS 1,026,629 816,493

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 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 16th October 2024 and were signed on its behalf by:




Mr P Jones - Director


P & H SERVICES (SOUTH WALES) LIMITED (REGISTERED NUMBER: 05241103)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024


1. STATUTORY INFORMATION

P & H Services (South Wales) 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.
Plant and machinery - 25% straight line on cost
Motor vehicles - 33.33% straight line on cost
Computer equipment - 33.33% straight line on cost

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 statement of financial position date.

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 9 (2023 - 4 ) .

P & H SERVICES (SOUTH WALES) LIMITED (REGISTERED NUMBER: 05241103)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024


4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1st April 2023 21,342 48,745 7,952 78,039
Additions - 31,827 974 32,801
At 31st March 2024 21,342 80,572 8,926 110,840
DEPRECIATION
At 1st April 2023 20,287 8,320 7,389 35,996
Charge for year 1,055 23,326 761 25,142
At 31st March 2024 21,342 31,646 8,150 61,138
NET BOOK VALUE
At 31st March 2024 - 48,926 776 49,702
At 31st March 2023 1,055 40,425 563 42,043

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 97,991 172,720
Other debtors 1,049,778 687,068
1,147,769 859,788

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 10,764 7,568
Trade creditors 459,364 282,286
Taxation and social security 152,199 171,437
Other creditors 82,954 45,514
715,281 516,805

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 14,167 24,167
Hire purchase contracts 42,974 28,171
57,141 52,338

P & H SERVICES (SOUTH WALES) LIMITED (REGISTERED NUMBER: 05241103)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary shares £1 2 2

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st March 2024 and 31st March 2023:

2024 2023
£    £   
Mr P Jones
Balance outstanding at start of year 83,273 (1,248 )
Amounts advanced - 85,041
Amounts repaid (39,172 ) (520 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 44,101 83,273

Mr P Russell
Balance outstanding at start of year 3,565 4,085
Amounts repaid (20,520 ) (520 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (16,955 ) 3,565