Registered number
04085968
P & S Auto Services Limited
Filleted Accounts
31 January 2025
P & S Auto Services Limited
Registered number: 04085968
Balance Sheet
as at 31 January 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 46,195 58,154
46,195 58,154
Current assets
Stocks 3,141 3,324
Debtors 4 36,650 8,522
Cash at bank and in hand 49,754 48,916
89,545 60,762
Creditors: amounts falling due within one year 5 (25,661) (17,572)
Net current assets 63,884 43,190
Total assets less current liabilities 110,079 101,344
Net assets 110,079 101,344
Capital and reserves
Called up share capital 2 2
Profit and loss account 110,077 101,342
Shareholders' funds 110,079 101,344
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Peter Renny Dixon
Director
Approved by the board on 24 September 2025
P & S Auto Services Limited
Notes to the Accounts
for the year ended 31 January 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 February 2024 128,625 57,528 186,153
Additions - - -
Surplus on revaluation - - -
Disposals - - -
At 31 January 2025 128,625 57,528 186,153
Depreciation
At 1 February 2024 103,760 24,239 127,999
Charge for the year 4,285 7,674 11,959
Surplus on revaluation - - -
On disposals - - -
At 31 January 2025 108,045 31,913 139,958
Net book value
At 31 January 2025 20,580 25,615 46,195
At 31 January 2024 24,865 33,289 58,154
4 Debtors 2025 2024
£ £
Trade debtors 36,650 8,522
36,650 8,522
5 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors 7,798 3,894
Taxation and social security costs 9,574 7,453
Other creditors 8,289 6,225
25,661 17,572
6 Controlling party
The Company is controlled by the Directors.
7 Other information
P & S Auto Services Limited is a private company limited by shares and incorporated in England. Its registered office is:
168-170 Stanley Green Road
Poole
Dorset
BH15 3AH
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