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REGISTERED NUMBER: 04188882 (England and Wales)















P & S Domestics Limited

Unaudited Financial Statements for the Year Ended 31 March 2024






P & S Domestics Limited (Registered number: 04188882)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


P & S Domestics Limited

Company Information
for the Year Ended 31 March 2024







Director: Gemma Parker





Registered office: Craven House
32 Lee Lane
Horwich
Bolton
Greater Manchester
BL6 7BY





Registered number: 04188882 (England and Wales)





Accountants: Leach Briely
Craven House
32 Lee Lane
Horwich
Bolton
BL6 7BY

P & S Domestics Limited (Registered number: 04188882)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 61,970 54,120
Unlisted Investments 5 198,072 183,595
260,042 237,715

Current assets
Stocks 841,402 973,872
Debtors 6 267,055 322,319
Cash at bank and in hand 158,338 132,878
1,266,795 1,429,069
Creditors
Amounts falling due within one year 7 301,444 338,900
Net current assets 965,351 1,090,169
Total assets less current liabilities 1,225,393 1,327,884

Creditors
Amounts falling due after more than
one year

8

(13,015

)

-

Provisions for liabilities (14,768 ) (12,759 )
Net assets 1,197,610 1,315,125

P & S Domestics Limited (Registered number: 04188882)

Balance Sheet - continued
31 March 2024

2024 2023
Notes £    £    £    £   
Capital and reserves
Called up share capital 10 1,000 1,000
Retained earnings 1,196,610 1,314,125
Shareholders' funds 1,197,610 1,315,125

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 director acknowledges her 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 director and authorised for issue on 17 October 2024 and were signed by:





Gemma Parker - Director


P & S Domestics Limited (Registered number: 04188882)

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

1. Statutory information

P & S Domestics 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 receivable for goods supplied and services rendered, net of discounts and 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:

Leasehold property improvements - over the life of the lease
Computer equipment - 33.3% straight line
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance


Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated
depreciation and impairment losses.

If there is an indication that there has been a significant change in depreciation rate, useful life or residual
value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Stocks
Stocks are measured at cost.

Financial instruments
The company only enters into basic financial instruments that result in the recognition of the financial assets and liabilities such as trade and other debtors and creditors. These are measured at amortised costs and assessed at the end of each reporting period for objective evidence impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of income and retained earnings.


P & S Domestics Limited (Registered number: 04188882)

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

2. Accounting policies - continued
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 directly in equity.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 16 (2023 - 15 ) .

P & S Domestics Limited (Registered number: 04188882)

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

4. Tangible fixed assets
Leasehold Fixtures
property Plant and and Motor
improvements machinery fittings vehicles Totals
£    £    £    £    £   
Cost
At 1 April 2023 216,702 29,500 52,013 68,045 366,260
Additions - - - 25,219 25,219
At 31 March 2024 216,702 29,500 52,013 93,264 391,479
Depreciation
At 1 April 2023 216,702 25,066 49,162 21,210 312,140
Charge for year - 887 570 15,912 17,369
At 31 March 2024 216,702 25,953 49,732 37,122 329,509
Net book value
At 31 March 2024 - 3,547 2,281 56,142 61,970
At 31 March 2023 - 4,434 2,851 46,835 54,120

5. Unlisted investments
Unlisted
Investments
£   
Cost
At 1 April 2023 183,595
Dividends received 14,477
At 31 March 2024 198,072
Net book value
At 31 March 2024 198,072
At 31 March 2023 183,595

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 175,120 208,048
Amounts owed by group undertakings - 1,127
Other debtors 91,935 113,144
267,055 322,319

P & S Domestics Limited (Registered number: 04188882)

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

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Hire purchase contracts (see note 9) 3,905 -
Trade creditors 169,226 148,945
Amounts owed to group undertakings 1,273 -
Taxation and social security 37,950 85,309
Other creditors 89,090 104,646
301,444 338,900

8. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Hire purchase contracts (see note 9) 13,015 -

9. Leasing agreements

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 3,905 -
Between one and five years 13,015 -
16,920 -

Non-cancellable operating leases
2024 2023
£    £   
Within one year 8,814 8,814
Between one and five years 14,419 14,419
23,233 23,233

10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary 1 1,000 1,000