Registered number
03357149
PK Maintenance Limited
Filleted Accounts
5 April 2024
PK Maintenance Limited
Registered number: 03357149
Balance Sheet
as at 5 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 70,240 83,717
Current assets
Stocks 30,000 30,000
Debtors 4 998,643 682,992
Cash at bank and in hand 328,264 436,043
1,356,907 1,149,035
Creditors: amounts falling due within one year 5 (271,790) (147,531)
Net current assets 1,085,117 1,001,504
Total assets less current liabilities 1,155,357 1,085,221
Creditors: amounts falling due after more than one year 6 (13,598) (23,164)
Net assets 1,141,759 1,062,057
Capital and reserves
Called up share capital 6 6
Profit and loss account 1,141,753 1,062,051
Shareholders' funds 1,141,759 1,062,057
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Paul Kevin Leaver
Director
Approved by the board on 23 January 2025
PK Maintenance Limited
Notes to the Accounts
for the year ended 5 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Motor vehicle 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 6 April 2023 57,719 185,159 242,878
Additions 9,937 - 9,937
At 5 April 2024 67,656 185,159 252,815
Depreciation
At 6 April 2023 45,941 113,220 159,161
Charge for the year 5,429 17,985 23,414
At 5 April 2024 51,370 131,205 182,575
Net book value
At 5 April 2024 16,286 53,954 70,240
At 5 April 2023 11,778 71,939 83,717
4 Debtors 2024 2023
£ £
Trade debtors 555,861 230,886
Other debtors 442,782 452,106
998,643 682,992
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loan due to Covid-19 10,501 10,980
Trade creditors 6,358 4,815
Taxation and social security costs 106,983 52,227
Directors loan account 23,682 60,930
Other creditors 124,266 18,579
271,790 147,531
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loan due to Covid-19 13,598 23,164
7 Other information
PK Maintenance Limited is a private company limited by shares and incorporated in England. Its registered office is:
Bank Chambers
1-3 Woodford Avenue
Gants Hill, Ilford
Essex
IG2 6UF
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