ACCOUNTS - Final Accounts

Company registration number: 03751561

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 MAY 2025

	P.P.K SERVICES LIMITED


P.P.K SERVICES LIMITED

COMPANY INFORMATION

Directors	M Staples
	J Hodgkiss


Company secretary	J Hodgkiss


Registered number	03751561


Registered office	Verity House - Unit 2B
	Eastern Road
	Aldershot
	Hampshire
	GU12 4TD


Accountants	Menzies LLP
	Chartered Accountants
	Victoria House
	50-58 Victoria Road
	Farnborough
	Hampshire
	GU14 7PG


P.P.K SERVICES LIMITED

CONTENTS

	Page
Statement of Financial Position	1 - 2
Notes to the Financial Statements	3 - 8


P.P.K SERVICES LIMITED REGISTERED NUMBER:03751561

STATEMENT OF FINANCIAL POSITION

AS AT 31 MAY 2025

		2025		2024
Note		£		£

Fixed assets
Intangible assets	4		-		17,138
Tangible assets	5		73,756		93,525
			73,756		110,663
Current assets
Stocks		239,452		196,506
Debtors: amounts falling due within one year	6	459,191		422,617
Cash at bank and in hand		142,159		73,832
		840,802		692,955
Creditors: amounts falling due within one year	7	(335,846)		(238,598)
Net current assets			504,956		454,357
Total assets less current liabilities			578,712		565,020
Provisions for liabilities
Deferred tax		(16,492)		(21,203)
			(16,492)		(21,203)
Net assets			562,220		543,817

Capital and reserves
Called up share capital	52,000	52,000
Profit and loss account	510,220	491,817
	562,220	543,817

Page 1


P.P.K SERVICES LIMITED REGISTERED NUMBER:03751561

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 MAY 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 financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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 statement of income and retained earnings 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:

................................................

M Staples

Director

Date: 6 October 2025

The notes on pages 3 to 8 form part of these financial statements.

Page 2


P.P.K SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

1.	General information

The company is a private company limited by shares, registered in England and Wales. The address of its registered office and principal place of business is disclosed on the company information page.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

2.5

Consolidation

The company has taken advantage of the exemption provided by section 398 of the Companies Act 2006 not to prepare group accounts.

Page 3


P.P.K SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

2.Accounting policies (continued)

2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions 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 Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

2.7

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 tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting 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 reporting 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 reporting date.

Page 4


P.P.K SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

2.Accounting policies (continued)

2.8

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid for a business combination and the acquirer’s interest in the fair value of the identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of Income and Retained Earnings over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

The estimated useful lives range as follows:

Goodwill

years

2.9

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.

Depreciation is provided on the following basis:

Plant and machinery	-	10% Straight Line
Motor vehicles	-	25% Reducing Balance
Fixtures and fittings	-	10% Straight Line
Office equipment	-	25% Straight Line

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.

2.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the 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 reporting 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.

Page 5


P.P.K SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

Employees

The average monthly number of employees, including directors, during the year was 16 (2024 - 16).

4.	Intangible assets

		Goodwill
		£
	Cost
	At 1 June 2024	129,251
	At 31 May 2025	129,251
	Amortisation
	At 1 June 2024	112,113
	Charge for the year	17,138
	At 31 May 2025	129,251
	Net book value
	At 31 May 2025	-
	At 31 May 2024	17,138

Page 6


P.P.K SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

5.	Tangible fixed assets

	Plant and machinery	Motor vehicles	Fixtures and fittings	Office equipment	Total
	£	£	£	£	£
Cost or valuation
At 1 June 2024	134,802	40,261	44,385	56,247	275,695
Additions	1,650	-	-	-	1,650
At 31 May 2025	136,452	40,261	44,385	56,247	277,345
Depreciation
At 1 June 2024	82,753	17,739	30,079	51,599	182,170
Charge for the year	11,967	5,630	2,038	1,784	21,419
At 31 May 2025	94,720	23,369	32,117	53,383	203,589
Net book value
At 31 May 2025	41,732	16,892	12,268	2,864	73,756
At 31 May 2024	52,049	22,522	14,306	4,648	93,525

Debtors

					2025	2024
					£	£


Trade debtors	310,406	277,113
Amounts owed by group undertakings	131,493	134,633
Other debtors	6,667	-
Prepayments and accrued income	10,625	10,871
	459,191	422,617

Page 7


P.P.K SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

7.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Trade creditors	111,668	107,866
Corporation tax	82,254	46,673
Other taxation and social security	79,412	60,290
Other creditors	50,882	22,369
Accruals and deferred income	11,630	1,400
	335,846	238,598

Page 8