Company registration number 03870924 (England and Wales)
P & K SHUTTER SERVICES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2025
PAGES FOR FILING WITH REGISTRAR
P & K SHUTTER SERVICES LIMITED
CONTENTS
Page
Company Information
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 9
P & K SHUTTER SERVICES LIMITED
COMPANY INFORMATION
- 1 -
Directors
Mr Paul Holden
Mrs Jacqueline Holden
Mr Craig Holden
Company number
03870924
Registered office
Unit 4 Westhoughton Industrial Estate
James Street
Westhoughton
Bolton
BL5 3QR
Accountants
Xeinadin
Riverside House
Kings Reach Business Park
Yew Street
Stockport
SK4 2HD
P & K SHUTTER SERVICES LIMITED
BALANCE SHEET
AS AT 30 NOVEMBER 2025
30 November 2025
- 2 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
203,351
246,260
Current assets
Stocks
5
35,000
20,000
Debtors
6
220,688
373,500
Cash at bank and in hand
376,708
314,805
632,396
708,305
Creditors: amounts falling due within one year
7
(125,056)
(247,821)
Net current assets
507,340
460,484
Total assets less current liabilities
710,691
706,744
Creditors: amounts falling due after more than one year
8
(9,721)
(21,386)
Provisions for liabilities
(50,838)
(61,565)
Net assets
650,132
623,793
Capital and reserves
Called up share capital
10
100
100
Profit and loss reserves
650,032
623,693
Total equity
650,132
623,793
P & K SHUTTER SERVICES LIMITED
BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2025
30 November 2025
- 3 -

For the financial year ended 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 31 March 2026 and are signed on its behalf by:
Mr Craig Holden
Director
Company registration number 03870924 (England and Wales)
P & K SHUTTER SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 4 -
1
Accounting policies
Company information

P & K Shutter Services Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 4 Westhoughton Industrial Estate, James Street, Westhoughton, Bolton, BL5 3QR.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Going concern

The financial statements have been prepared on a going concern basis.true

1.3
Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax,returns,rebates and discounts.

The company recognises revenue when:

The amount of revenue can be reliably measured;

it is probable that future economic benefits will flow to the entity;

and specific criteria have been met for each of the company's activities.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
10% Reducing Balance
Fixtures and fittings
10% Reducing Balance
Computers
25% Reducing Balance
Motor vehicles
25% Reducing Balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

P & K SHUTTER SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
1
Accounting policies
(Continued)
- 5 -
1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

P & K SHUTTER SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
1
Accounting policies
(Continued)
- 6 -
1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.10
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Operating profit
2025
2024
Operating profit for the year is stated after charging:
£
£
Depreciation of tangible fixed assets
33,565
35,835
P & K SHUTTER SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 7 -
3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
9
9
4
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 December 2024
300,882
116,233
5,222
281,732
704,069
Additions
508
-
0
529
-
0
1,037
Disposals
-
0
(1,025)
-
0
(29,158)
(30,183)
At 30 November 2025
301,390
115,208
5,751
252,574
674,923
Depreciation and impairment
At 1 December 2024
190,561
52,117
3,499
211,632
457,809
Depreciation charged in the year
11,033
6,394
510
15,628
33,565
Eliminated in respect of disposals
-
0
(368)
-
0
(19,434)
(19,802)
At 30 November 2025
201,594
58,143
4,009
207,826
471,572
Carrying amount
At 30 November 2025
99,796
57,065
1,742
44,748
203,351
At 30 November 2024
110,321
64,116
1,723
70,100
246,260

Included within the net book value of tangible fixed assets above is £24,955 (2024 : £33,274) in respect of assets held under finance leases and similar hire purchase contracts. Depreciation for the year on these assets was £8,318 (2024 : £1,721).

5
Stocks
2025
2024
£
£
Stocks
35,000
20,000
P & K SHUTTER SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 8 -
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
54,732
92,181
Amounts owed by group undertakings
148,900
227,000
Other debtors
17,056
54,319
220,688
373,500
7
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
47,859
99,282
Taxation and social security
42,729
110,524
Other creditors
34,468
38,015
125,056
247,821

There is a debenture in favour of National Westminster Bank PLC, with fixed and floating charges over all assets dated 28 February 2014.

There is also a debenture in favour of National Westminster Bank PLC, with fixed and floating charges over all assets dated 13 April 2022.

8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
9,721
21,386
9
Hire purchase obligation
2025
2024
Future minimum lease payments due under finance leases:
£
£
Within one year
11,665
11,665
In two to five years
9,721
21,386
21,386
33,051
10
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary Share of £1 each
100
100
100
100
P & K SHUTTER SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 9 -
11
Related party transactions

At the balance sheet date the amount owed from related party Holden Group Property NW Ltd was £13 8,000 (2024: 227,000). The balances are due within one year, repayable on demand and on an interest free basis.

At the balance sheet date the amount owed to related party Craig Holden T/A Holden Group was £4,015 (2024: £9,400). The balances are due within one year, repayable on demand and on an interest free basis.

At the balance sheet date the amount owed from related party P & K Shutter (P artnership) was £10,900 (2024: Nil). The balances are due within one year, repayable on demand and on an interest free basis.

12
Directors' transactions

At the balance sheet date the amount owed from the directors P & J Holden was £10,745 (2024: £49,564). This balance is interest free and repayable on demand.

At the balance sheet date the amount owed to the director C Holden was £10,909 (2024: £3,321).

This balance is interest free and repayable on demand.

13
Control

There is no controlling party by virtue of the shareholdings.

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