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REGISTERED NUMBER: 11022444 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

Pledge Building Services Limited

Pledge Building Services Limited (Registered number: 11022444)

Contents of the Financial Statements
for the Year Ended 31 October 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Pledge Building Services Limited

Company Information
for the Year Ended 31 October 2024







DIRECTORS: Mr R J Pledge
Mr D Pledge





REGISTERED OFFICE: Tanglewood
Gorse Hill Lane
Grantham
Lincolnshire
NG32 3DY





REGISTERED NUMBER: 11022444 (England and Wales)





ACCOUNTANTS: Brayshaw Morey
Certified Public Accountants
Fraser Ross House
24 Broad Street
Stamford
Lincolnshire
PE9 1PJ

Pledge Building Services Limited (Registered number: 11022444)

Statement of Financial Position
31 October 2024

31.10.24 31.10.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 5 19,101 11,633
Investment property 6 86,346 58,404
105,447 70,037

CURRENT ASSETS
Debtors 7 46,032 59,373
Cash at bank 78,604 84,139
124,636 143,512
CREDITORS
Amounts falling due within one year 8 91,951 110,399
NET CURRENT ASSETS 32,685 33,113
TOTAL ASSETS LESS CURRENT
LIABILITIES

138,132

103,150

CREDITORS
Amounts falling due after more than one
year

9

(5,834

)

(15,832

)

PROVISIONS FOR LIABILITIES (4,775 ) (2,908 )
NET ASSETS 127,523 84,410

CAPITAL AND RESERVES
Called up share capital 10 2 2
Retained earnings 11 127,521 84,408
SHAREHOLDERS' FUNDS 127,523 84,410

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

Pledge Building Services Limited (Registered number: 11022444)

Statement of Financial Position - continued
31 October 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 3 April 2025 and were signed on its behalf by:





Mr D Pledge - Director


Pledge Building Services Limited (Registered number: 11022444)

Notes to the Financial Statements
for the Year Ended 31 October 2024


1. STATUTORY INFORMATION

Pledge Building 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance, 20% on reducing balance and 20% on cost

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.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

Pledge Building Services Limited (Registered number: 11022444)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024


3. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2023 49,428
Additions 16,477
Disposals (9,996 )
At 31 October 2024 55,909
DEPRECIATION
At 1 November 2023 37,795
Charge for year 9,009
Eliminated on disposal (9,996 )
At 31 October 2024 36,808
NET BOOK VALUE
At 31 October 2024 19,101
At 31 October 2023 11,633

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2023 58,404
Additions 27,942
At 31 October 2024 86,346
NET BOOK VALUE
At 31 October 2024 86,346
At 31 October 2023 58,404

Pledge Building Services Limited (Registered number: 11022444)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 1,472 10,272
Other debtors 44,560 49,101
46,032 59,373

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 24,704 41,298
Taxation and social security 50,407 31,348
Other creditors 6,840 27,753
91,951 110,399

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans 5,834 15,832

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.24 31.10.23
value: £    £   
2 Ordinary £1 2 2

11. RESERVES
Retained
earnings
£   

At 1 November 2023 84,408
Profit for the year 103,113
Dividends (60,000 )
At 31 October 2024 127,521