Registered number
07028961
P & A Services South West Limited
Filleted Accounts
30 September 2024
P & A Services South West Limited
Registered number: 07028961
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 98,542 98,637
Current assets
Cash at bank and in hand 13,135 2,587
Creditors: amounts falling due within one year 4 (25,594) (41,399)
Net current assets (12,459) (38,812)
Total assets less current liabilities 86,083 59,825
Provisions for liabilities (103) (96)
Net assets 85,980 59,729
Capital and reserves
Called up share capital 200 200
Profit and loss account 85,780 59,529
Shareholders' funds 85,980 59,729
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
Mrs A J Brown
Director
Approved by the board on 31 October 2024
P & A Services South West Limited
Notes to the Accounts
for the year ended 30 September 2024
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 are management service fees and rental income.
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:
Leasehold land and buildings over the lease term
Fixtures, fittings, tools and equipment 15% reducing balance
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 October 2023 98,000 819 98,819
At 30 September 2024 98,000 819 98,819
Depreciation
At 1 October 2023 - 182 182
Charge for the year - 95 95
At 30 September 2024 - 277 277
Net book value
At 30 September 2024 98,000 542 98,542
At 30 September 2023 98,000 637 98,637
4 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 6,674 6,810
Other creditors 18,920 34,589
25,594 41,399
5 Related party transactions
The company owed the directors £18,455 as at 30th September 2024 (£38,289 at 2023).
6 Other information
P & A Services South West Limited is a private company limited by shares and incorporated in England. Its registered office is:
79 Reddington Road
Plymouth
Devon
PL3 6PT
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