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REGISTERED NUMBER: 02166038 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

PROPERTY MAINTENANCE SERVICES LIMITED

PROPERTY MAINTENANCE SERVICES LIMITED (REGISTERED NUMBER: 02166038)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 September 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PROPERTY MAINTENANCE SERVICES LIMITED

COMPANY INFORMATION
for the year ended 30 September 2024







DIRECTORS: J A Clarke
C D Parker





REGISTERED OFFICE: 55b Barkby Road
Leicester
LE4 7HN





REGISTERED NUMBER: 02166038 (England and Wales)





ACCOUNTANTS: Magma Audit LLP
Unit 2 Charnwood Edge Business Park
Syston Road, Leicester
LE7 4UZ
Magma Audit LLP is part
Of the Dains Group

PROPERTY MAINTENANCE SERVICES LIMITED (REGISTERED NUMBER: 02166038)

BALANCE SHEET
30 September 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 115,295 112,584

CURRENT ASSETS
Stocks 7,894 8,205
Debtors 5 387,898 371,638
Cash at bank 37,299 63,930
433,091 443,773
CREDITORS
Amounts falling due within one year 6 (51,612 ) (45,820 )
NET CURRENT ASSETS 381,479 397,953
TOTAL ASSETS LESS CURRENT
LIABILITIES

496,774

510,537

CREDITORS
Amounts falling due after more than one
year

7

(4,500

)

(10,500

)
NET ASSETS 492,274 500,037

CAPITAL AND RESERVES
Called up share capital 10,100 10,100
Fair value reserve 92,988 92,988
Retained earnings 389,186 396,949
492,274 500,037

The company is entitled to exemption from audit under Section 480 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

PROPERTY MAINTENANCE SERVICES LIMITED (REGISTERED NUMBER: 02166038)

BALANCE SHEET - continued
30 September 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 June 2025 and were signed on its behalf by:




J A Clarke - Director



C D Parker - Director


PROPERTY MAINTENANCE SERVICES LIMITED (REGISTERED NUMBER: 02166038)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 September 2024


1. STATUTORY INFORMATION

Property Maintenance Services Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 02166038 and the registered office is, 55b Barkby Road, Leicester, LE4 7HN.

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 presentation currency of the financial statements is the Pound Sterling (£), and figures are rounded to the nearest £1.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Rendering of services
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
- the amount of revenue can be measured reliably; - it is probable that the company will receive the consideration due under the contract;
- the stage of completion of the contract at the end of the reporting period can be measured reliably; and
- the cost incurred and the costs to complete the contract 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.
Freehold land & buildings - 2% straight line
Plant and machinery - 15% straight line
Fixtures and fittings - 15% straight line
Motor vehicles - 25% straight line

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Financial instruments
(i) Financial assets

Basic financial assets, including trade and other debtors, cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest rate method.

(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

PROPERTY MAINTENANCE SERVICES LIMITED (REGISTERED NUMBER: 02166038)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2024


2. 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Freehold Fixtures
land & Plant and and Motor
buildings machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 October 2023 145,000 29,638 15,801 97,865 288,304
Additions - 191 - 10,950 11,141
At 30 September 2024 145,000 29,829 15,801 108,815 299,445
DEPRECIATION
At 1 October 2023 43,500 29,481 15,706 87,033 175,720
Charge for year 2,900 63 21 5,446 8,430
At 30 September 2024 46,400 29,544 15,727 92,479 184,150
NET BOOK VALUE
At 30 September 2024 98,600 285 74 16,336 115,295
At 30 September 2023 101,500 157 95 10,832 112,584

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 38,441 16,071
Amounts owed by group undertakings 331,606 331,606
Social Security and Other Tax 2,287 2,859
Directors' current accounts 4,388 9,731
VAT 7,477 6,438
Deferred tax asset
Accelerated capital allowances 734 2,450
Prepayments and accrued income 2,965 2,483
387,898 371,638

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 6,000 6,000
Trade creditors 17,025 10,177
Tax 22,511 23,926
Social security and other taxes 976 878
Pension 851 407
Other creditors 671 1,023
Accrued expenses 3,578 3,409
51,612 45,820

PROPERTY MAINTENANCE SERVICES LIMITED (REGISTERED NUMBER: 02166038)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 4,500 10,500

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2024 and 30 September 2023:

2024 2023
£    £   
C D Parker
Balance outstanding at start of year 7,146 (840 )
Amounts advanced 51,440 53,918
Amounts repaid (54,919 ) (45,932 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,667 7,146

J A Clarke
Balance outstanding at start of year 2,584 -
Amounts advanced 47,560 47,174
Amounts repaid (49,423 ) (44,590 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 721 2,584