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Registered number: 05935782
Pro-Servicing Limited
Unaudited Financial Statements
For The Year Ended 31 August 2024
SRL ACCOUNTING LIMITED
Unit 7a Waterside Business Park Waterside
Chesham
HP5 1PE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05935782
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 112,574 129,062
Investments 5 32,650 32,650
145,224 161,712
CURRENT ASSETS
Stocks 6 45,000 45,000
Debtors 7 956,188 982,805
1,001,188 1,027,805
Creditors: Amounts Falling Due Within One Year 8 (659,356 ) (591,056 )
NET CURRENT ASSETS (LIABILITIES) 341,832 436,749
TOTAL ASSETS LESS CURRENT LIABILITIES 487,056 598,461
Creditors: Amounts Falling Due After More Than One Year 9 (56,393 ) (71,695 )
NET ASSETS 430,663 526,766
CAPITAL AND RESERVES
Called up share capital 11 200 200
Profit and Loss Account 430,463 526,566
SHAREHOLDERS' FUNDS 430,663 526,766
Page 1
Page 2
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr JAMES LUKER
Director
Miss JOANNE LUKER
Director
30 April 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Pro-Servicing Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05935782 . The registered office is Unit 7a Waterside Business Park, Waterside, Chesham, Buckinghamshire, HP5 1PE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 33% Straight line
Computer Equipment 33% Straight line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 30 (2023: 32)
30 32
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 September 2023 19,391 247,937 267,328
Additions 2,314 18,492 20,806
As at 31 August 2024 21,705 266,429 288,134
Depreciation
As at 1 September 2023 15,066 123,200 138,266
Provided during the period 1,367 35,927 37,294
As at 31 August 2024 16,433 159,127 175,560
Net Book Value
As at 31 August 2024 5,272 107,302 112,574
As at 1 September 2023 4,325 124,737 129,062
5. Investments
Unlisted
£
Cost
As at 1 September 2023 32,650
As at 31 August 2024 32,650
Provision
As at 1 September 2023 -
As at 31 August 2024 -
Net Book Value
As at 31 August 2024 32,650
As at 1 September 2023 32,650
6. Stocks
2024 2023
£ £
Materials 45,000 45,000
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7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 538,476 406,426
Prepayments and accrued income 39,484 45,449
Other debtors 2,301 2,567
Directors' loan accounts - 64,346
Amounts owed by subsidiaries 375,927 464,017
956,188 982,805
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 24,928 36,528
Trade creditors 286,280 280,640
Bank loans and overdrafts 16,748 30,929
Corporation tax 132,636 89,075
Other taxes and social security 23,092 42,400
VAT 112,387 96,470
Accruals and deferred income 63,285 15,014
659,356 591,056
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 47,227 52,529
Bank loans 9,166 19,166
56,393 71,695
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 24,928 36,528
Later than one year and not later than five years 47,227 52,529
72,155 89,057
72,155 89,057
12. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 442,409 262,800
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