IRIS Accounts Production v24.3.2.46 09315865 director 1.5.23 30.4.24 30.4.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh093158652023-04-30093158652024-04-30093158652023-05-012024-04-30093158652022-04-30093158652022-05-012023-04-30093158652023-04-3009315865ns15:EnglandWales2023-05-012024-04-3009315865ns14:PoundSterling2023-05-012024-04-3009315865ns10:Director12023-05-012024-04-3009315865ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3009315865ns10:SmallEntities2023-05-012024-04-3009315865ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3009315865ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3009315865ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3009315865ns10:FullAccounts2023-05-012024-04-300931586512023-05-012024-04-3009315865ns10:RegisteredOffice2023-05-012024-04-3009315865ns5:CurrentFinancialInstruments2024-04-3009315865ns5:CurrentFinancialInstruments2023-04-3009315865ns5:Non-currentFinancialInstruments2024-04-3009315865ns5:Non-currentFinancialInstruments2023-04-3009315865ns5:ShareCapital2024-04-3009315865ns5:ShareCapital2023-04-3009315865ns5:SharePremium2024-04-3009315865ns5:SharePremium2023-04-3009315865ns5:RetainedEarningsAccumulatedLosses2024-04-3009315865ns5:RetainedEarningsAccumulatedLosses2023-04-3009315865ns5:IntangibleAssetsOtherThanGoodwill2023-05-012024-04-3009315865ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2023-05-012024-04-3009315865ns5:PlantMachinery2023-05-012024-04-3009315865ns5:MotorVehicles2023-05-012024-04-3009315865ns5:ComputerEquipment2023-05-012024-04-3009315865ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2023-04-3009315865ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2024-04-3009315865ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2023-04-3009315865ns5:PlantMachinery2023-04-3009315865ns5:MotorVehicles2023-04-3009315865ns5:ComputerEquipment2023-04-3009315865ns5:PlantMachinery2024-04-3009315865ns5:MotorVehicles2024-04-3009315865ns5:ComputerEquipment2024-04-3009315865ns5:PlantMachinery2023-04-3009315865ns5:MotorVehicles2023-04-3009315865ns5:ComputerEquipment2023-04-3009315865ns5:WithinOneYearns5:CurrentFinancialInstruments2024-04-3009315865ns5:WithinOneYearns5:CurrentFinancialInstruments2023-04-3009315865ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2024-04-3009315865ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2023-04-3009315865ns5:DeferredTaxation2023-04-3009315865ns5:DeferredTaxation2023-05-012024-04-3009315865ns5:DeferredTaxation2024-04-30093158651ns10:Director12023-04-30093158651ns10:Director12022-04-30093158651ns10:Director12023-05-012024-04-30093158651ns10:Director12022-05-012023-04-30093158651ns10:Director12024-04-30093158651ns10:Director12023-04-30
REGISTERED NUMBER: 09315865 (England and Wales)











Financial Statements

for the Year Ended 30 April 2024

for

P & T SERVICE LTD

P & T SERVICE LTD (REGISTERED NUMBER: 09315865)






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


P & T SERVICE LTD

Company Information
for the Year Ended 30 April 2024







DIRECTOR: Mr T Y Velkov





REGISTERED OFFICE: Firstcentral 200, 6th Floor, 2 Lakeside
London
United Kingdom
NW10 7FQ





REGISTERED NUMBER: 09315865 (England and Wales)





ACCOUNTANTS: Jeff Lermer & Associates
Chartered Accountants
42 Lytton Road
Barnet
Hertfordshire
EN5 5BY

P & T SERVICE LTD (REGISTERED NUMBER: 09315865)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 33
Tangible assets 5 1,516 8,735
1,516 8,768

CURRENT ASSETS
Debtors 6 9,342 16,359
Cash at bank 177,785 203,502
187,127 219,861
CREDITORS
Amounts falling due within one year 7 70,584 54,794
NET CURRENT ASSETS 116,543 165,067
TOTAL ASSETS LESS CURRENT
LIABILITIES

118,059

173,835

CREDITORS
Amounts falling due after more than one year 8 (45,300 ) (74,100 )

PROVISIONS FOR LIABILITIES 10 (443 ) (1,679 )
NET ASSETS 72,316 98,056

CAPITAL AND RESERVES
Called up share capital 11 100 100
Share premium 1,000 1,000
Retained earnings 71,216 96,956
SHAREHOLDERS' FUNDS 72,316 98,056

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 director acknowledges his 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.

P & T SERVICE LTD (REGISTERED NUMBER: 09315865)

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 director and authorised for issue on 28 January 2025 and were signed by:





Mr T Y Velkov - Director


P & T SERVICE LTD (REGISTERED NUMBER: 09315865)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

P & T Service 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of nil years.

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 - 33% on cost
Motor vehicles - 33% on cost
Computer equipment - 33% on cost

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

Going concern
The director has a reasonable expectation that the company will continue in operational existence for the foreseeable future and therefore used the going concern basis in preparing the financial statements.

P & T SERVICE LTD (REGISTERED NUMBER: 09315865)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Development
costs
£   
COST
At 1 May 2023
and 30 April 2024 3,900
AMORTISATION
At 1 May 2023 3,867
Amortisation for year 33
At 30 April 2024 3,900
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 33

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2023
and 30 April 2024 850 59,147 2,289 62,286
DEPRECIATION
At 1 May 2023 544 51,122 1,885 53,551
Charge for year 283 6,650 286 7,219
At 30 April 2024 827 57,772 2,171 60,770
NET BOOK VALUE
At 30 April 2024 23 1,375 118 1,516
At 30 April 2023 306 8,025 404 8,735

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors - 4,750
Amounts owed by group undertakings 2,375 1,000
Other debtors 5,509 2,941
Directors' current accounts - 865
Tax - 5,656
Prepayments 1,458 1,147
9,342 16,359

P & T SERVICE LTD (REGISTERED NUMBER: 09315865)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts (see note 9) 28,800 28,800
Hire purchase contracts - 178
Trade creditors 5,412 3,119
Tax 3,980 -
Social security and other taxes 105 445
VAT 13,169 13,152
Other creditors 16,918 6,900
Accruals and deferred income 2,200 2,200
70,584 54,794

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans (see note 9) 45,300 74,100

9. LOANS

An analysis of the maturity of loans is given below:

30.4.24 30.4.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 28,800 28,800

Amounts falling due between one and two years:
Bank loans - 1-2 years 45,300 74,100

10. PROVISIONS FOR LIABILITIES
30.4.24 30.4.23
£    £   
Deferred tax 443 1,679

Deferred
tax
£   
Balance at 1 May 2023 1,679
Provided during year (1,236 )
Balance at 30 April 2024 443

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number Class Nominal value 31.03.24 31.03.23
10,000 Ordinary 1p 100 100
1 A Ordinary 1p 0.01 0.01

P & T SERVICE LTD (REGISTERED NUMBER: 09315865)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

30.4.24 30.4.23
£    £   
Mr T Y Velkov
Balance outstanding at start of year 865 8,320
Amounts advanced - 8,693
Amounts repaid (865 ) (16,148 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 865

As at the balance sheet date, included in debtors due within one year is £Nil (2023: £865), due and payable by the director.

13. RELATED PARTY DISCLOSURES

At the balance sheet date the company was owed £2,375 (2023: £1,000) by TDSE Corporation Limited. The companies are related parties by virtue of the fact that they are under common control.