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COMPANY REGISTRATION NUMBER: 08708436
P & D Specialist Services (Holdings) Limited
Filleted Unaudited Micro-Entity Accounts
30 April 2024
P & D Specialist Services (Holdings) Limited
Micro-Entity Accounts
Year Ended 30 April 2024
Contents
Pages
Statement of financial position and the notes to the micro-entity accounts
1 to 3
P & D Specialist Services (Holdings) Limited
Statement of Financial Position
30 April 2024
2024
2023
£
£
£
Fixed assets
1,000
1,000
-------
-------
Current assets
1,803,135
1,806,075
Creditors: amounts falling due within one year
1,800,402
1,803,580
------------
------------
Net Current Assets
2,733
2,495
-------
-------
Total Assets Less Current Liabilities
3,733
3,495
Accruals and deferred income
2,000
2,000
-------
-------
1,733
1,495
-------
-------
Capital and reserves
1,733
1,495
-------
-------
Notes to the micro-entity accounts
1. Directors' advances, credits and guarantees
There have been no advances, credits or guarantees with directors that require disclosure .
2. Employee numbers
The average monthly number of employees, including members during the year was 2 (2023: 2)
3. Related party transactions
The company has taken advantage of exemption conferred by FRS 102 S33.1A, removing the requirement to disclose transactions between group companies.
On 25 January 2018, the P&D Specialist Services Employee Ownership Trust 2018 ("EOT") purchased 60% of the ordinary share capital of the company following which P&D Specialist Services Limited became an employee owned company.
The funding for the transaction was achieved through a mix of loans from the previous owners of the business and bank debt. These loans are held within the EOT, however the company and subsidiary are guarantors on the loans to the EOT.
At the balance sheet date, the EOT has total loan obligations of £2,613,133 (2023: £3,121,015).
The present obligation to make the future loan payments is that of the EOT. The directors are of the opinion that de-facto control does not exist and therefore excluded the assets and liabilities of the EOT from these financial statements and consolidated accounts have not been prepared.
During the year the company provided and received loans from group companies and related parties. The balance outstanding due (to)/from group companies and related parties at 30 April 2024 are as follows:
2024
2023
£
£
Amounts owed to group companies
1,800,402
1,803,580
Outstanding balances with entities are unsecured, interest free and repayable on demand.
4. Controlling party
On 25 January 2018 the P&D Specialist Services Employee Ownership Trust 2018 became the beneficial owner of 60% of the ordinary share capital of the company. The shares are held by P&D Specialist Services Trustees Limited in its capacity as corporate trustee.
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its Micro-entity Accounts for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of Micro-entity Accounts .
These Micro-entity Accounts have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These Micro-entity Accounts were approved by the board of directors and authorised for issue on 26 November 2024 , and are signed on behalf of the board by:
Mr P J Musgrave
Director
Company registration number: 08708436
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 91/97 Saltergate, Chesterfield, Derbyshire, S40 1LA.