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REGISTERED NUMBER: 11306939 (England and Wales)


















PRIORY PROPERTY MAINTENANCE (PEMBS) LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024






PRIORY PROPERTY MAINTENANCE (PEMBS) LTD (REGISTERED NUMBER: 11306939)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PRIORY PROPERTY MAINTENANCE (PEMBS) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: Mr A L D P Johnson
Mrs M Johnson





REGISTERED OFFICE: 3 - 4 Well Hill
Pembroke
Pembrokeshire
SA71 4DH





REGISTERED NUMBER: 11306939 (England and Wales)





ACCOUNTANTS: Llewelyn Davies
Chartered Accountants
50 Queen Street
Pembroke Dock
Pembrokeshire
SA72 6JE

PRIORY PROPERTY MAINTENANCE (PEMBS) LTD (REGISTERED NUMBER: 11306939)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 304,222 130,125

CURRENT ASSETS
Debtors 5 168,015 129,047
Cash at bank 87,067 54,954
255,082 184,001
CREDITORS
Amounts falling due within one year 6 169,721 104,902
NET CURRENT ASSETS 85,361 79,099
TOTAL ASSETS LESS CURRENT
LIABILITIES

389,583

209,224

CREDITORS
Amounts falling due after more than
one year

7

(12,693

)

-

PROVISIONS FOR LIABILITIES (41,337 ) (23,393 )
NET ASSETS 335,553 185,831

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 335,552 185,830
335,553 185,831

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

PRIORY PROPERTY MAINTENANCE (PEMBS) LTD (REGISTERED NUMBER: 11306939)

BALANCE SHEET - continued
30 APRIL 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2024 and were signed on its behalf by:





Mr A L D P Johnson - Director


PRIORY PROPERTY MAINTENANCE (PEMBS) LTD (REGISTERED NUMBER: 11306939)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Priory Property Maintenance (Pembs) Ltd 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

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 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 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.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

PRIORY PROPERTY MAINTENANCE (PEMBS) LTD (REGISTERED NUMBER: 11306939)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


2. ACCOUNTING POLICIES - continued

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 28 (2023 - 24 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2023 - 53,785 119,167 3,367 176,319
Additions 132,982 16,302 97,969 6,864 254,117
Disposals - - (40,500 ) - (40,500 )
At 30 April 2024 132,982 70,087 176,636 10,231 389,936
DEPRECIATION
At 1 May 2023 - 10,932 34,503 759 46,194
Charge for year - 8,873 38,064 2,708 49,645
Eliminated on disposal - - (10,125 ) - (10,125 )
At 30 April 2024 - 19,805 62,442 3,467 85,714
NET BOOK VALUE
At 30 April 2024 132,982 50,282 114,194 6,764 304,222
At 30 April 2023 - 42,853 84,664 2,608 130,125

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 May 2023 27,500
Additions 14,450
At 30 April 2024 41,950
DEPRECIATION
At 1 May 2023 9,633
Charge for year 8,079
At 30 April 2024 17,712
NET BOOK VALUE
At 30 April 2024 24,238
At 30 April 2023 17,867

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 168,015 129,047

PRIORY PROPERTY MAINTENANCE (PEMBS) LTD (REGISTERED NUMBER: 11306939)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 11,347 -
Trade creditors 20,185 40,184
Taxation and social security 116,822 55,774
Other creditors 21,367 8,944
169,721 104,902

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 12,693 -