REGISTERED NUMBER: 12083726 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Prop Maintenance Solutions Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

A G Attwood

REGISTERED OFFICE:

1-11 Alvin Street

Gloucester

Gloucestershire

GL1 3EJ

REGISTERED NUMBER:

12083726 (England and Wales)

FIXED ASSETS

Tangible assets

4

34,417

4,843

CURRENT ASSETS

Stocks

1,600

3,490

Debtors

5

17,468

18,679

Cash at bank

220

47,118

19,288

69,287

CREDITORS

Amounts falling due within one year

6

25,991

65,176

NET CURRENT (LIABILITIES)/ASSETS

(6,703

)

4,111

TOTAL ASSETS LESS CURRENT LIABILITIES

27,714

8,954

CREDITORS

Amounts falling due after more than one year

7

23,841

7,388

NET ASSETS

3,873

1,566

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

3,872

1,565

3,873

1,566

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 director acknowledges his 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.

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 director and authorised for issue on 25 September 2025 and were signed by:

A G Attwood - Director

1.	STATUTORY INFORMATION

Prop Maintenance Solutions Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Going concern

The director considers that it is appropriate to prepare the financial statements on a going concern basis as they are continuing to pay debts as they fall due.

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.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

20% on straight line basis

Computer equipment

-

20% on straight line basis

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

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

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

9,614

186

-

2,680

12,480

Additions

2,700

-

33,005

124

35,829

At 31 December 2024

12,314

186

33,005

2,804

48,309

DEPRECIATION

At 1 January 2024

6,253

149

-

1,235

7,637

Charge for year

1,515

37

4,126

577

6,255

At 31 December 2024

7,768

186

4,126

1,812

13,892

NET BOOK VALUE

At 31 December 2024

4,546

-

28,879

992

34,417

At 31 December 2023

3,361

37

-

1,445

4,843

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

17,468

11,828

Directors' current accounts

-

6,851

17,468

18,679

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

5,199

8,471

Hire purchase contracts

4,909

-

Trade creditors

2,166

1,424

Social security and other taxes

1,426

17,909

VAT

8,521

36,397

Other creditors

11

-

Directors' current accounts

2,596

-

Accruals and deferred income

1,163

975

25,991

65,176

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans - 1-2 years

2,190

7,388

Hire purchase contracts

21,651

-

23,841

7,388

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

£

A G Attwood

Balance outstanding at start of year

6,851

(249

)

Amounts advanced

694

7,100

Amounts repaid

(10,141

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(2,596

)

6,851