Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-312023-06-01falseNo description of principal activity1617falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 03751561 2023-06-01 2024-05-31 03751561 2024-05-31 03751561 2022-06-01 2023-05-31 03751561 2023-05-31 03751561 c:CompanySecretary1 2023-06-01 2024-05-31 03751561 c:Director1 2023-06-01 2024-05-31 03751561 c:Director2 2023-06-01 2024-05-31 03751561 c:RegisteredOffice 2023-06-01 2024-05-31 03751561 d:PlantMachinery 2023-06-01 2024-05-31 03751561 d:PlantMachinery 2024-05-31 03751561 d:PlantMachinery 2023-05-31 03751561 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 03751561 d:MotorVehicles 2023-06-01 2024-05-31 03751561 d:MotorVehicles 2024-05-31 03751561 d:MotorVehicles 2023-05-31 03751561 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 03751561 d:FurnitureFittings 2023-06-01 2024-05-31 03751561 d:FurnitureFittings 2024-05-31 03751561 d:FurnitureFittings 2023-05-31 03751561 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 03751561 d:OfficeEquipment 2023-06-01 2024-05-31 03751561 d:ComputerEquipment 2023-06-01 2024-05-31 03751561 d:ComputerEquipment 2024-05-31 03751561 d:ComputerEquipment 2023-05-31 03751561 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 03751561 d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 03751561 d:Goodwill 2023-06-01 2024-05-31 03751561 d:Goodwill 2024-05-31 03751561 d:Goodwill 2023-05-31 03751561 d:CurrentFinancialInstruments 2024-05-31 03751561 d:CurrentFinancialInstruments 2023-05-31 03751561 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 03751561 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 03751561 d:ShareCapital 2024-05-31 03751561 d:ShareCapital 2023-05-31 03751561 d:RetainedEarningsAccumulatedLosses 2024-05-31 03751561 d:RetainedEarningsAccumulatedLosses 2023-05-31 03751561 c:FRS102 2023-06-01 2024-05-31 03751561 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 03751561 c:FullAccounts 2023-06-01 2024-05-31 03751561 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 03751561 d:Goodwill d:OwnedIntangibleAssets 2023-06-01 2024-05-31 03751561 e:PoundSterling 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure
Company registration number: 03751561







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MAY 2024


P.P.K SERVICES LIMITED






































img7956.png                        

 


P.P.K SERVICES LIMITED
 


 
COMPANY INFORMATION


Directors
M Staples 
J Hodgkiss 




Company secretary
J Hodgkiss



Registered number
03751561



Registered office
Verity House - Unit 2B
Eastern Road

Aldershot

Hampshire

GU12 4TD




Accountants
Menzies LLP
Chartered Accountants

Victoria House

50-58 Victoria Road

Farnborough

Hampshire

GU14 7PG





 


P.P.K SERVICES LIMITED
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 8


 


P.P.K SERVICES LIMITED
REGISTERED NUMBER:03751561



STATEMENT OF FINANCIAL POSITION
AS AT 31 MAY 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
17,138
39,988

Tangible assets
 5 
93,525
108,951

  
110,663
148,939

Current assets
  

Stocks
  
196,506
180,372

Debtors: amounts falling due within one year
 6 
422,617
335,625

Cash at bank and in hand
  
73,832
68,810

  
692,955
584,807

Creditors: amounts falling due within one year
 7 
(238,598)
(167,467)

Net current assets
  
 
 
454,357
 
 
417,340

Total assets less current liabilities
  
565,020
566,279

Provisions for liabilities
  

Deferred tax
  
(21,203)
(25,206)

  
 
 
(21,203)
 
 
(25,206)

Net assets
  
543,817
541,073


Capital and reserves
  

Called up share capital 
  
52,000
52,000

Profit and loss account
  
491,817
489,073

  
543,817
541,073

Page 1

 


P.P.K SERVICES LIMITED
REGISTERED NUMBER:03751561


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MAY 2024

The Directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
M Staples
Director

Date: 7 February 2025

The notes on pages 3 to 8 form part of these financial statements.
Page 2

 


P.P.K SERVICES LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


General information

The company is a private company limited by shares, registered in England and Wales. The address of its registered office and principal place of business  is disclosed on the company information page.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 

 
2.4

Operating leases: the Company as lessee

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

  
2.5

Consolidation

The company has taken advantage of the exemption provided by section 398 of the Companies Act 2006 not to prepare group accounts.

Page 3

 


P.P.K SERVICES LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


Page 4

 


P.P.K SERVICES LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.8

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid for a business combination and the acquirer’s interest in the fair value of the identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of Income and Retained Earnings over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 The estimated useful lives range as follows:

Goodwill
-
5
years

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Plant and machinery
-
10% Straight Line
Motor vehicles
-
25% Reducing Balance
Fixtures and fittings
-
10% Straight Line
Office equipment
-
25% Straight Line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 5

 


P.P.K SERVICES LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 16 (2023 - 17).


4.


Intangible assets




Goodwill

£



Cost


At 1 June 2023
129,251



At 31 May 2024

129,251



Amortisation


At 1 June 2023
89,263


Charge for the year 
22,850



At 31 May 2024

112,113



Net book value



At 31 May 2024
17,138



At 31 May 2023
39,988



Page 6

 


P.P.K SERVICES LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

5.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 June 2023
129,782
40,261
41,827
55,864
267,734


Additions
5,020
-
2,558
383
7,961



At 31 May 2024

134,802
40,261
44,385
56,247
275,695



Depreciation


At 1 June 2023
70,866
10,232
28,027
49,658
158,783


Charge for the year
11,887
7,507
2,052
1,941
23,387



At 31 May 2024

82,753
17,739
30,079
51,599
182,170



Net book value



At 31 May 2024
52,049
22,522
14,306
4,648
93,525



At 31 May 2023
58,916
30,029
13,800
6,206
108,951


6.


Debtors

2024
2023
£
£


Trade debtors
277,113
243,918

Amounts owed by group undertakings
134,633
79,633

Other debtors
-
1,112

Prepayments and accrued income
10,871
10,962

422,617
335,625


Page 7

 


P.P.K SERVICES LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
107,866
45,251

Corporation tax
46,673
27,424

Other taxation and social security
60,290
79,580

Other creditors
22,369
12,021

Accruals and deferred income
1,400
3,191

238,598
167,467


 
Page 8