Company registration number: NI661722
Unaudited financial statements
for the year ended 31 May 2025
for
P & U Ward Building Services Ltd
Pages for filing with the Registrar
Company registration number: NI661722
P & U Ward Building Services Ltd
Balance sheet
as at 31 May 2025
2025 2024
Note £ £ £ £
Fixed assets
Tangible assets 4 54,522 56,143
54,522 56,143
Current assets
Stocks 255,000 70,000
Debtors 30,000 142,310
Cash at bank and in hand 24,104 50,380
309,104 262,690
Creditors: amounts falling due within one
year 		(187,380) (138,064)
Net current assets 121,724 124,626
Total assets less current liabilities 176,246 180,769
Creditors: Amounts falling due after more
than one year 		(100,000) (100,000)
NET ASSETS 76,246 80,769
Capital and reserves
Called up share capital 100 100
Profit and loss account 76,146 80,669
TOTAL EQUITY 76,246 80,769
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 May 2025.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: NI661722
P & U Ward Building Services Ltd
Balance sheet - continued
as at 31 May 2025
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 Profit and loss account has not been delivered to the Registrar.
Signed by:
Mrs U Ward, Director
5 September 2025
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P & U Ward Building Services Ltd
Notes to the financial statements
for the year ended 31 May 2025
1 Company information
P & U Ward Building Services Ltd is a private company registered in Northern Ireland. Its registered number is NI661722. The company is limited by shares. Its registered office is 20d Station Road, Killough, Downpatrick, County Down, BT30 7QA.
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 historic cost convention.
Going concern
In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Plant and machinery - 15% reducing balance
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Work in progress is valued at the lower of cost and net realisable value. Cost is calculated using the first -in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.
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P & U Ward Building Services Ltd
Notes to the financial statements - continued
for the year ended 31 May 2025
2 Accounting policies - continued
Taxation
Taxation for the year comprises current taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current 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.
Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.
The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.
3 Average number of employees
During the year the average number of employees was Nil (2024 - Nil).
4 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 1 June 2024 66,050
Additions 28,000
Disposals (20,000)
At 31 May 2025 74,050
Depreciation
At 1 June 2024 9,907
Charge for year 9,621
At 31 May 2025 19,528
Net book value
At 31 May 2025 54,522
At 31 May 2024 56,143
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P & U Ward Building Services Ltd
Notes to the financial statements - continued
for the year ended 31 May 2025
5 Advances, credit and guarantees granted to directors
The following advances and credits to a director subsisted during the years ended 31 May 2025 and 31 May 2024.
2025 2024
£ £
Una Ward
Balance outstanding at start of year (132,073) (133,780)
Amounts advanced - 2,606
Amounts repaid (50,126) (899)
Balance outstanding at end of year (182,200) (132,073)
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