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REGISTERED NUMBER: 02952657 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Pleasure Serve Limited

Pleasure Serve Limited (Registered number: 02952657)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Pleasure Serve Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: Mr C P Latouf
Mrs J B Latouf





SECRETARY: Mr C P Latouf





REGISTERED OFFICE: 6 High Street
Bishops Waltham
Southampton
Hampshire
SO32 1AA





REGISTERED NUMBER: 02952657 (England and Wales)





ACCOUNTANTS: Ledger Accounting Services Limited
12 West Links
Tollgate
Chandlers Ford
Southampton
Hampshire
SO53 3TG

Pleasure Serve Limited (Registered number: 02952657)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 122,769 124,593
Investments 5 52,090 52,090
174,859 176,683

CURRENT ASSETS
Stocks 2,905 5,005
Debtors 6 254,466 176,265
Cash at bank and in hand 577,754 689,188
835,125 870,458
CREDITORS
Amounts falling due within one year 7 241,353 214,403
NET CURRENT ASSETS 593,772 656,055
TOTAL ASSETS LESS CURRENT
LIABILITIES

768,631

832,738

CREDITORS
Amounts falling due after more than one
year

8

(17,500

)

(47,500

)

PROVISIONS FOR LIABILITIES (26,105 ) (25,832 )
NET ASSETS 725,026 759,406

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 724,926 759,306
725,026 759,406

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

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

Pleasure Serve Limited (Registered number: 02952657)

Balance Sheet - continued
31 December 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 20 May 2025 and were signed on its behalf by:





Mr C P Latouf - Director


Pleasure Serve Limited (Registered number: 02952657)

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

1. STATUTORY INFORMATION

Pleasure Serve 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. 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.

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

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

- the Company has transferred the significant risks and rewards of ownership to the buyer;
- the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
- the amount of revenue can be measured reliably;
- it is probable that the Company will receive the consideration due under the transaction; and
- the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - at variable rates on reducing balance
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


Pleasure Serve Limited (Registered number: 02952657)

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

2. ACCOUNTING POLICIES - continued
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.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 36 (2023 - 38 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2024 26,634 305,656 332,290
Additions - 20,050 20,050
At 31 December 2024 26,634 325,706 352,340
DEPRECIATION
At 1 January 2024 10,811 196,886 207,697
Charge for year 1,940 19,934 21,874
At 31 December 2024 12,751 216,820 229,571
NET BOOK VALUE
At 31 December 2024 13,883 108,886 122,769
At 31 December 2023 15,823 108,770 124,593

Pleasure Serve Limited (Registered number: 02952657)

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

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2024
and 31 December 2024 52,090
NET BOOK VALUE
At 31 December 2024 52,090
At 31 December 2023 52,090

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Amounts owed by group undertakings 93,907 85,905
Other debtors 160,559 90,360
254,466 176,265

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 60,982 43,521
Trade creditors 43,042 82,441
Taxation and social security 97,204 61,845
Other creditors 40,125 26,596
241,353 214,403

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Bank loans 17,500 47,500