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REGISTERED NUMBER: 07694306 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

P & R SERVICES (LONDON) LTD

P & R SERVICES (LONDON) LTD (REGISTERED NUMBER: 07694306)

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


P & R SERVICES (LONDON) LTD

Company Information
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: P Peters
S M Sales





REGISTERED OFFICE: Orchard House
Pond Approach
Holmer Green
Buckinghamshire
HP15 6RH





REGISTERED NUMBER: 07694306 (England and Wales)





ACCOUNTANTS: Diverset Limited
Chartered Accountants
Ferrari House
258 Field End Road
Ruislip
Middlesex
HA4 9UU

P & R SERVICES (LONDON) LTD (REGISTERED NUMBER: 07694306)

Balance Sheet
31 JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 88,401 85,670

CURRENT ASSETS
Debtors 5 27,436 27,185
Cash at bank 16,473 11,709
43,909 38,894
CREDITORS
Amounts falling due within one year 6 112,971 124,082
NET CURRENT LIABILITIES (69,062 ) (85,188 )
TOTAL ASSETS LESS CURRENT LIABILITIES 19,339 482

CREDITORS
Amounts falling due after more than one
year

7

29,999

22,088
NET LIABILITIES (10,660 ) (21,606 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (10,662 ) (21,608 )
SHAREHOLDERS' FUNDS (10,660 ) (21,606 )

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 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.

P & R SERVICES (LONDON) LTD (REGISTERED NUMBER: 07694306)

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 Board of Directors and authorised for issue on 28 February 2025 and were signed on its behalf by:





P Peters - Director


P & R SERVICES (LONDON) LTD (REGISTERED NUMBER: 07694306)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 JULY 2024


1. STATUTORY INFORMATION

P & R Services (London) Ltd 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 company has been affected by fluctuations in the building trade. The Directors consider that the company is a going concern based upon their continued financial support.

Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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.

P & R SERVICES (LONDON) LTD (REGISTERED NUMBER: 07694306)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JULY 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 August 2023 189,748 782 13,500 204,030
Additions 33,800 - - 33,800
Disposals (9,000 ) - - (9,000 )
At 31 July 2024 214,548 782 13,500 228,830
DEPRECIATION
At 1 August 2023 109,806 749 7,805 118,360
Charge for year 28,035 8 1,424 29,467
Eliminated on disposal (7,398 ) - - (7,398 )
At 31 July 2024 130,443 757 9,229 140,429
NET BOOK VALUE
At 31 July 2024 84,105 25 4,271 88,401
At 31 July 2023 79,942 33 5,695 85,670

P & R SERVICES (LONDON) LTD (REGISTERED NUMBER: 07694306)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JULY 2024


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 August 2023 177,250
Additions 33,800
Disposals (9,000 )
At 31 July 2024 202,050
DEPRECIATION
At 1 August 2023 99,544
Charge for year 27,476
Eliminated on disposal (7,398 )
At 31 July 2024 119,622
NET BOOK VALUE
At 31 July 2024 82,428
At 31 July 2023 77,706

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 6,854 4,620
Other debtors 20,582 22,565
27,436 27,185

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 19,659 15,087
Trade creditors 3,123 3,827
Taxation and social security 5,056 4,032
Other creditors 85,133 101,136
112,971 124,082

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 29,999 22,088

P & R SERVICES (LONDON) LTD (REGISTERED NUMBER: 07694306)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JULY 2024


8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 49,658 37,175

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2024 and 31 July 2023:

2024 2023
£    £   
P Peters
Balance outstanding at start of year (90,036 ) (85,880 )
Amounts advanced 57,000 45,981
Amounts repaid (40,996 ) (50,137 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (74,032 ) (90,036 )

10. CONTROLLING PARTY

The controlling party is P Peters.

The ultimate controlling party is P Peters.