10104633falsethat of general builder, all of which is carried out within the United Kingdom.2024-04-012025-03-31http://www.companieshouse.gov.uk/2024-03-31http://www.companieshouse.gov.uk/pt:PlantMachinery2024-03-31http://www.companieshouse.gov.uk/pt:ShareCapital2024-03-31http://www.companieshouse.gov.uk/cd:Director12024-04-012025-03-31http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2024-03-31http://www.companieshouse.gov.uk/pt:PlantMachinery2025-03-31http://www.companieshouse.gov.uk/pt:ShareCapital2025-03-31http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2025-03-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2024-03-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12024-04-012025-03-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2025-03-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2024-04-012025-03-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2024-04-012025-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2025-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-03-31http://www.companieshouse.gov.uk/2024-04-012025-03-31http://www.companieshouse.gov.uk/2024-03-31http://www.companieshouse.gov.uk/cd:FRS1022024-04-012025-03-31http://www.companieshouse.gov.uk/2025-03-31http://www.companieshouse.gov.uk/cd:FullAccounts2024-04-012025-03-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2024-04-012025-03-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 10104633
PROPERTY IMPROVEMENT SERVICES LIMITED
ACCOUNTS
FOR THE YEAR ENDED 31/03/2025
Prepared By:
JAN G GROMADZKI
CHARTERED ACCOUNTANT
13 WOLVERHAMPTON ROAD
CODSALL
WOLVERHAMPTON
WEST MIDLANDS
WV8 1PT
PROPERTY IMPROVEMENT SERVICES LIMITED
ACCOUNTS
FOR THE YEAR ENDED 31/03/2025
DIRECTORS
GURPREET SINGH
REGISTERED OFFICE
13 WOLVERHAMPTON ROAD
CODSALL
WOLVERHAMPTON
WEST MIDLANDS
WV8 1PT
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 10104633
BANKERS
BARCLAYS BANK UK plc
ACCOUNTANTS
JAN G GROMADZKI
CHARTERED ACCOUNTANT
13 WOLVERHAMPTON ROAD
CODSALL
WOLVERHAMPTON
WEST MIDLANDS
WV8 1PT
PROPERTY IMPROVEMENT SERVICES LIMITED
ACCOUNTS
FOR THEYEARENDED31/03/2025
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
PROPERTY IMPROVEMENT SERVICES LIMITED
BALANCE SHEET AT 31/03/2025
20252024
Notes££
FIXED ASSETS
Tangible assets271,26185,587
CURRENT ASSETS
Stock144,100114,400
Debtors4228,791237,205
Cash at bank and in hand14,7257,024
387,616358,629
CREDITORS: Amounts falling due within one year5236,351213,924
NET CURRENT ASSETS151,265144,705
TOTAL ASSETS LESS CURRENT LIABILITIES222,526230,292
CREDITORS: Amounts falling due after more than one year612,66221,796
PROVISIONS FOR LIABILITIES AND CHARGES83,4352,934
NET ASSETS206,429205,562
CAPITAL AND RESERVES
Called up share capital91010
Profit and loss account206,419205,552
SHAREHOLDERS' FUNDS206,429205,562
For the year ending 31/03/2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 24/12/2025 and signed on their behalf by
.............................
GURPREET SINGH
Director
PROPERTY IMPROVEMENT SERVICES LIMITED
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/03/2025
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives.
At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is an indication that any items have suffered impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any.
Plant And Machinerystraight line10%
Commercial Vehiclesstraight line20%
Equipmentstraight line10%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Basis Of Accounting FRS 1021 a
The accounts have been prepared under the historical cost convention and are stated in United Kingdom Pounds Sterling.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1e. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts, derived from ordinary activities.
PROPERTY IMPROVEMENT SERVICES LIMITED
2. TANGIBLE FIXED ASSETS
Plant andCommercial
MachineryVehiclesEquipmentTotal
££££
Cost
At 01/04/202495,22547,7021,740144,667
Disposals(1,400)--(1,400)
At 31/03/202593,82547,7021,740143,267
Depreciation
At 01/04/202436,38021,3301,37059,080
Disposals(1,400)--(1,400)
For the year9,3824,77017414,326
At 31/03/202544,36226,1001,54472,006
Net Book Amounts
At 31/03/202549,46321,60219671,261
At 31/03/202458,84526,37237085,587
3. STOCK 20252024
££
Stock comprises:
Stock144,100114,400
144,100114,400
4. DEBTORS 20252024
££
Amounts falling due within one year
Trade debtors33,95330,272
VAT2,20122,916
Pump House Birmingham Limited110,06796,567
AGT Plant and Machinery Hire Limited23,37515,975
Prepayments16,7958,775
GPC Assets Ltd42,40062,700
228,791237,205
PROPERTY IMPROVEMENT SERVICES LIMITED
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20252024
££
UK corporation tax6,4893,053
PAYE control11,90424,423
Salaries and wages control1-
Directors current account14,52750,318
Raghbir Singh - Loan 103,500103,500
Other creditors85,00020,000
Accruals14,93012,630
236,351213,924
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20252024
££
Barclays Bank UK plc - Bounce back loan >1yr12,66221,796
12,66221,796
7. EMPLOYEES
20252024
No.No.
Average number of employees108
Key management personnel is restricted to that of the director.
8. PROVISIONS FOR LIABILITIES 20252024
££
Deferred taxation3,4352,934
3,4352,934
PROPERTY IMPROVEMENT SERVICES LIMITED
9. SHARE CAPITAL 20252024
££
Allotted, issued and fully paid:
10 Ordinary shares of £1 each1010
1010
10. CONTROLLING PARTY
The company is wholly owned by the director Mr G Singh.
11. RELATED PARTY TRANSACTIONS
The director Mr G Singh received a dividend of £ 10,000 in the year to 31 March 2025 (2024 - £ 8,000).
12. NATURE OF OPERATIONS AND PRINCIPAL ACTIVITY
The company operates as a general builder. All of its activities are carried out within the United Kingdom.
13. GENERAL INFORMATION
Property Improvement Services Limited is a private company limited by shares and incorporated in England. Its registered office is 13 Wolverhampton Road, Codsall, Wolverhampton, West Midlands, WV8 1PT.
The financial statements are presented in United Kingdom Pounds Sterling, which is the functional currency of the company.