PAD Building Services Ltd 14959094 false 2023-06-24 2024-06-30 2024-06-30 The principal activity of the company is loft conversion services Digita Accounts Production Advanced 6.30.9574.0 true false true 14959094 2023-06-24 2024-06-30 14959094 2024-06-30 14959094 core:CurrentFinancialInstruments 2024-06-30 14959094 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 14959094 bus:SmallEntities 2023-06-24 2024-06-30 14959094 bus:AuditExemptWithAccountantsReport 2023-06-24 2024-06-30 14959094 bus:FilletedAccounts 2023-06-24 2024-06-30 14959094 bus:SmallCompaniesRegimeForAccounts 2023-06-24 2024-06-30 14959094 bus:RegisteredOffice 2023-06-24 2024-06-30 14959094 bus:Director1 2023-06-24 2024-06-30 14959094 bus:PrivateLimitedCompanyLtd 2023-06-24 2024-06-30 14959094 1 2023-06-24 2024-06-30 14959094 countries:England 2023-06-24 2024-06-30 iso4217:GBP xbrli:pure

Registration number: 14959094

PAD Building Services Ltd

Unaudited Financial Statements

for the Period from 24 June 2023 to 30 June 2024

 

PAD Building Services Ltd

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

PAD Building Services Ltd

(Registration number: 14959094)
Balance Sheet as at 30 June 2024

Note

2024
£

Current assets

 

Debtors

4

1,165

Cash at bank and in hand

 

5,513

 

6,678

Creditors: Amounts falling due within one year

5

(9,247)

Net liabilities

 

(2,569)

Capital and reserves

 

Called up share capital

100

Retained earnings

(2,669)

Shareholders' deficit

 

(2,569)

For the financial period ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 19 March 2025
 

.........................................
Mr Alex Dean
Director

 

PAD Building Services Ltd

Notes to the Unaudited Financial Statements for the Period from 24 June 2023 to 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Unit 1, The Cam Centre
Wilbury Way
Hitchin
Hertfordshire
SG4 0TW

These financial statements were authorised for issue by the director on 19 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The balance sheet shows a shareholder deficit. The director has pledged their short-term support of the company and as such, the financial statements have been prepared on a going concern basis.

Judgements

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

PAD Building Services Ltd

Notes to the Unaudited Financial Statements for the Period from 24 June 2023 to 30 June 2024

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1.

4

Debtors

Current

2024
£

Other debtors

1,165

 

1,165

 

PAD Building Services Ltd

Notes to the Unaudited Financial Statements for the Period from 24 June 2023 to 30 June 2024

5

Creditors

Creditors: amounts falling due within one year

2024
£

Due within one year

Trade creditors

1,710

Taxation and social security

7,162

Accruals and deferred income

375

9,247

6

Share capital

Allotted, called up and fully paid shares

 

2024

 

No.

£

Ordinary of £1 each

100

100

     

New shares allotted

During the period 100 Ordinary having an aggregate nominal value of £1 were allotted for an aggregate consideration of £100. Issued during incorporation.

7

Related party transactions

Other transactions with the director

At the company year end the director owed the company £66. There are no terms relating to repayment nor interest being charged.

8

Parent and ultimate parent undertaking

The ultimate controlling party is Alex Dean as director and shareholder.