Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-312025-03-31false22024-04-01Other business support service activities not elsewhere classified2falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 06483615 2024-04-01 2025-03-31 06483615 2023-04-01 2024-03-31 06483615 2025-03-31 06483615 2024-03-31 06483615 2023-04-01 06483615 c:Director1 2024-04-01 2025-03-31 06483615 d:FurnitureFittings 2024-04-01 2025-03-31 06483615 d:FurnitureFittings 2025-03-31 06483615 d:FurnitureFittings 2024-03-31 06483615 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 06483615 d:CurrentFinancialInstruments 2025-03-31 06483615 d:CurrentFinancialInstruments 2024-03-31 06483615 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 06483615 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 06483615 d:ShareCapital 2024-04-01 2025-03-31 06483615 d:ShareCapital 2025-03-31 06483615 d:ShareCapital 2023-04-01 2024-03-31 06483615 d:ShareCapital 2024-03-31 06483615 d:ShareCapital 2023-04-01 06483615 d:RetainedEarningsAccumulatedLosses 2024-04-01 2025-03-31 06483615 d:RetainedEarningsAccumulatedLosses 2025-03-31 06483615 d:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 06483615 d:RetainedEarningsAccumulatedLosses 2024-03-31 06483615 d:RetainedEarningsAccumulatedLosses 2023-04-01 06483615 d:AcceleratedTaxDepreciationDeferredTax 2025-03-31 06483615 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 06483615 c:FRS102 2024-04-01 2025-03-31 06483615 c:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 06483615 c:FullAccounts 2024-04-01 2025-03-31 06483615 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 06483615 2 2024-04-01 2025-03-31 06483615 e:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure

Registered number: 06483615









PY PROJECT SERVICES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

 
PY PROJECT SERVICES LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF PY PROJECT SERVICES LIMITED
FOR THE YEAR ENDED 31 MARCH 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of PY Project Services Limited for the year ended 31 March 2025 which comprise  the Balance Sheet, the Statement of Changes in Equity and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of Directors of PY Project Services Limited, as a body, in accordance with the terms of our engagement letter dated 24 July 2024Our work has been undertaken solely to prepare for your approval the financial statements of PY Project Services Limited and state those matters that we have agreed to state to the Board of Directors of PY Project Services Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than PY Project Services Limited and its Board of Directors, as a body, for our work or for this report. 

It is your duty to ensure that PY Project Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of PY Project Services Limited. You consider that PY Project Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of PY Project Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



WR Partners
 
Chartered Accountants
  
Drake House
Gadbrook Park
Northwich
Cheshire
CW9 7RA
27 June 2025
Page 1

 
PY PROJECT SERVICES LIMITED
REGISTERED NUMBER: 06483615

BALANCE SHEET
AS AT 31 MARCH 2025

2025
2024
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,664
616

  
1,664
616

Current assets
  

Debtors: amounts falling due within one year
 5 
6,971
7,409

Cash at bank and in hand
 6 
36,068
46,605

  
43,039
54,014

Creditors: amounts falling due within one year
 7 
(17,656)
(18,117)

Net current assets
  
 
 
25,383
 
 
35,897

Total assets less current liabilities
  
27,047
36,513

Provisions for liabilities
  

Deferred tax
 8 
(354)
(117)

  
 
 
(354)
 
 
(117)

Net assets
  
26,693
36,396


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
26,593
36,296

  
26,693
36,396


Page 2

 
PY PROJECT SERVICES LIMITED
REGISTERED NUMBER: 06483615
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2025

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
C Yarwood
Director

Date: 27 June 2025

The notes on pages 6 to 11 form part of these financial statements.

Page 3

 
PY PROJECT SERVICES LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2025


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 April 2024
100
36,296
36,396


Comprehensive income for the year

Profit for the year

-
29,937
29,937


Other comprehensive income for the year
-
-
-


Total comprehensive income for the year
-
29,937
29,937


Contributions by and distributions to owners

Dividends: Equity capital
-
(39,640)
(39,640)


Total transactions with owners
-
(39,640)
(39,640)


At 31 March 2025
100
26,593
26,693


The notes on pages 6 to 11 form part of these financial statements.

Page 4

 
PY PROJECT SERVICES LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2024


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 April 2023
100
39,045
39,145


Comprehensive income for the year

Profit for the year

-
36,251
36,251


Other comprehensive income for the year
-
-
-


Total comprehensive income for the year
-
36,251
36,251


Contributions by and distributions to owners

Dividends: Equity capital
-
(39,000)
(39,000)


Total transactions with owners
-
(39,000)
(39,000)


At 31 March 2024
100
36,296
36,396


The notes on pages 6 to 11 form part of these financial statements.

Page 5

 
PY PROJECT SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1.


General information

PY Project Services Limited is a private company limited by shares incorporated in England and Wales. The registered office is Garden Cottage, Cassia Green, Marton, Winsford, England CW7 2PZ.

The principal activity of the company continued to be that of project consultancy. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency the company. Monetary amounts in these financial statements are rounded to the nearest £.

The following principal accounting policies have been applied:

 
2.2

Revenue

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.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

  
2.4

Pensions

Defined contributions pension plan

Payments to defined contribution plans are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet.

Page 6

 
PY PROJECT SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 7

 
PY PROJECT SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including the directors, during the year was as follows:


        2025
        2024
            No.
            No.







Employees
2
2

Page 8

 
PY PROJECT SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 April 2024
4,891


Additions
1,659


Disposals
(2,496)



At 31 March 2025

4,054



Depreciation


At 1 April 2024
4,275


Charge for the year on owned assets
170


Disposals
(2,055)



At 31 March 2025

2,390



Net book value



At 31 March 2025
1,664



At 31 March 2024
616


5.


Debtors

2025
2024
£
£


Trade debtors
6,971
7,201

Other debtors
-
208

6,971
7,409


Page 9

 
PY PROJECT SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

6.


Cash and cash equivalents

2025
2024
£
£

Cash at bank and in hand
36,068
46,605

36,068
46,605



7.


Creditors: Amounts falling due within one year

2025
2024
£
£

Corporation tax
6,832
9,544

Other taxation and social security
9,037
7,438

Other creditors
535
-

Accruals and deferred income
1,252
1,135

17,656
18,117



8.


Deferred taxation




2025


£






At beginning of year
(117)


Charged to profit or loss
(237)



At end of year
(354)

The provision for deferred taxation is made up as follows:

2025
2024
£
£


Accelerated capital allowances
(354)
(117)

(354)
(117)

Page 10

 
PY PROJECT SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

9.


Pension commitments

2025
2024
£
£
Charge to profit or loss in respect of defined contributions schemes

80,000

60,000
 
80,000

60,000
 

 
Page 11