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REGISTERED NUMBER: SC666756 (Scotland)





















Unaudited Financial Statements

For The Year Ended 31 July 2024

for

Pps - Prime Parcel Services Ltd

Pps - Prime Parcel Services Ltd (Registered number: SC666756)






Contents of the Financial Statements
For The Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Pps - Prime Parcel Services Ltd

Company Information
For The Year Ended 31 July 2024







DIRECTOR: A M Muir





REGISTERED OFFICE: 20
Jura Gardens
Kilmarnock
KA3 1PA





REGISTERED NUMBER: SC666756 (Scotland)





ACCOUNTANTS: Atkinson Donnelly LLP
1 Cambuslang Court
Cambuslang
Glasgow
Strathclyde
G32 8FH

Pps - Prime Parcel Services Ltd (Registered number: SC666756)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 532,487 646,548

CURRENT ASSETS
Debtors 5 1,367,954 674,820
Cash at bank 185,810 310,462
1,553,764 985,282
CREDITORS
Amounts falling due within one year 6 1,239,973 997,980
NET CURRENT ASSETS/(LIABILITIES) 313,791 (12,698 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

846,278

633,850

CREDITORS
Amounts falling due after more than one
year

7

(420,513

)

(446,966

)

PROVISIONS FOR LIABILITIES 8 (133,122 ) -
NET ASSETS 292,643 186,884

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 292,642 186,883
292,643 186,884

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

Pps - Prime Parcel Services Ltd (Registered number: SC666756)

Balance Sheet - continued
31 July 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 31 January 2025 and were signed by:





A M Muir - Director


Pps - Prime Parcel Services Ltd (Registered number: SC666756)

Notes to the Financial Statements
For The Year Ended 31 July 2024

1. STATUTORY INFORMATION

Pps - Prime Parcel Services Ltd is a private company, limited by shares , registered in Scotland. 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 the cost less estimated residual value of each asset over its estimated useful life.
Improvements to property - 33% on cost
Motor vehicles - 20% on cost

Financial instruments
Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Cash and Bank Balances
Cash and bank balances are measured at the transaction price.

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.

Pps - Prime Parcel Services Ltd (Registered number: SC666756)

Notes to the Financial Statements - continued
For The Year Ended 31 July 2024

2. ACCOUNTING POLICIES - continued

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 36 (2023 - 33 ) .

4. TANGIBLE FIXED ASSETS
Improvements
to Motor
property vehicles Totals
£    £    £   
COST
At 1 August 2023 15,154 776,960 792,114
Additions - 49,588 49,588
Disposals (254 ) (33,000 ) (33,254 )
At 31 July 2024 14,900 793,548 808,448
DEPRECIATION
At 1 August 2023 828 144,738 145,566
Charge for year 4,966 129,762 134,728
Eliminated on disposal - (4,333 ) (4,333 )
At 31 July 2024 5,794 270,167 275,961
NET BOOK VALUE
At 31 July 2024 9,106 523,381 532,487
At 31 July 2023 14,326 632,222 646,548

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 786,778 620,264
Other debtors 581,176 54,556
1,367,954 674,820

Pps - Prime Parcel Services Ltd (Registered number: SC666756)

Notes to the Financial Statements - continued
For The Year Ended 31 July 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 15,141 -
Hire purchase contracts 149,241 176,577
Trade creditors 491,029 350,250
Taxation and social security 201,918 238,078
Other creditors 382,644 233,075
1,239,973 997,980

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Bank loans 87,569 -
Hire purchase contracts 332,944 446,966
420,513 446,966

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 87,569 -

8. PROVISIONS FOR LIABILITIES
31.7.24 31.7.23
£    £   
Deferred tax 133,122 -

Deferred
tax
£   
Provided during year 133,122
Balance at 31 July 2024 133,122

9. RELATED PARTY DISCLOSURES

Included in debtors is £437,187 (2023 - £3,000) due from PPS - Prime Property Services Ltd and £36,497 (2023 -nil) due from PPS Autocare Ltd. These companies are under common ownership.
These loans are interest free and have no fixed repayment terms.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Pps - Prime Parcel Services Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Pps - Prime Parcel Services Ltd for the year ended 31 July 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the director of Pps - Prime Parcel Services Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Pps - Prime Parcel Services Ltd and state those matters that we have agreed to state to the director of Pps - Prime Parcel Services Ltd in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Pps - Prime Parcel Services Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Pps - Prime Parcel Services Ltd. You consider that Pps - Prime Parcel Services Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Pps - Prime Parcel Services Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Atkinson Donnelly LLP
1 Cambuslang Court
Cambuslang
Glasgow
Strathclyde
G32 8FH


31 January 2025