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REGISTERED NUMBER: 09547429 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

PRECIOUS SUPPORT SERVICES LIMITED

PRECIOUS SUPPORT SERVICES LIMITED (REGISTERED NUMBER: 09547429)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PRECIOUS SUPPORT SERVICES LIMITED

COMPANY INFORMATION
for the year ended 30 April 2024







DIRECTORS: Mrs S K Sidhu
Miss J K Sidhu
Miss H K Sidhu



REGISTERED OFFICE: 63 Holly Walk
Leamington Spa
Warwickshire
CV32 4JG



REGISTERED NUMBER: 09547429 (England and Wales)



BANKERS: Lloyds Bank PLC
73 The Parade
Leamington Spa
Warwickshire
CV32 4BB

PRECIOUS SUPPORT SERVICES LIMITED (REGISTERED NUMBER: 09547429)

BALANCE SHEET
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 20,240 25,634
Investment property 5 379,484 -
399,724 25,634

CURRENT ASSETS
Debtors 6 5,500 49,708
Cash at bank and in hand 262,911 499,172
268,411 548,880
CREDITORS
Amounts falling due within one year 7 67,645 52,342
NET CURRENT ASSETS 200,766 496,538
TOTAL ASSETS LESS CURRENT
LIABILITIES

600,490

522,172

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 600,489 522,171
SHAREHOLDERS' FUNDS 600,490 522,172

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.

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 26 November 2024 and were signed on its behalf by:



Mrs S K Sidhu - Director


PRECIOUS SUPPORT SERVICES LIMITED (REGISTERED NUMBER: 09547429)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 April 2024

1. STATUTORY INFORMATION

Precious Support Services Limited 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.

The accounts have been prepared in accordance with applicable accounting standards. The principal accounting policies adopted in the preparation of the financial statements are set out below.

Turnover
Turnover comprises the value of sales of goods and services provided in the normal course of business. Revenue is recognised in respect of service contracts when the company obtains the right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures, fittings and equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - Straight line over 3 years

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 37 (2023 - 32 ) .

PRECIOUS SUPPORT SERVICES LIMITED (REGISTERED NUMBER: 09547429)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Fixtures,
fittings
and Motor Computer
equipment vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2023 80,071 14,970 2,618 97,659
Additions 2,607 - 2,006 4,613
Disposals (11,849 ) - - (11,849 )
At 30 April 2024 70,829 14,970 4,624 90,423
DEPRECIATION
At 1 May 2023 59,734 11,418 873 72,025
Charge for year 5,123 888 1,542 7,553
Eliminated on disposal (9,395 ) - - (9,395 )
At 30 April 2024 55,462 12,306 2,415 70,183
NET BOOK VALUE
At 30 April 2024 15,367 2,664 2,209 20,240
At 30 April 2023 20,337 3,552 1,745 25,634

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 379,484
At 30 April 2024 379,484
NET BOOK VALUE
At 30 April 2024 379,484

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 5,500 49,708

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,316 -
Taxation and social security 63,252 49,871
Other creditors 3,077 2,471
67,645 52,342