Personnel Service Limited - Filleted accounts

Registered number

03239795

Personnel Service Limited

Filleted Accounts

31 August 2025

Personnel Service Limited
Registered number:		03239795
Balance Sheet
as at 31 August 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		1,401,628			1,336,328

Current assets
Debtors	4	8,200			6,650
Cash at bank and on deposit		8,500			26,216
		16,700			32,866

Creditors: amounts falling due within one year	5	(18,374)			(28,122)

Net current (liabilities)/assets			(1,674)			4,744

Total assets less current liabilities			1,399,954			1,341,072

Creditors: amounts falling due after more than one year	6 & 7		(445,188)			(425,150)



Net assets			954,766			915,922

Capital and reserves
Called up share capital			1,000			1,000
Capital reserve	8		189,064			189,064
Profit and loss account			764,702			725,858

Shareholders' funds			954,766			915,922

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.




Dr. A. Povey
Director
Approved by the board on 26 May 2026

Personnel Service Limited
Notes to the Accounts
for the year ended 31 August 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

	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		1		1


3	Tangible fixed assets				Land and buildings
	Cost				£

	At 1 September 2024				1,336,328
	Additions				65,300
	At 31 August 2025				1,401,628

	Depreciation
	At 31 August 2025				-

	Net book value
	At 31 August 2025				1,401,628
	At 31 August 2024				1,336,328


4	Debtors		2025		2024
£				£

	Other debtors		8,200		6,650


5	Creditors: amounts falling due within one year		2025		2024
£				£

	Bank loans		-		10,360
	Trade creditors		2,919		3,819
	Taxation and social security costs		9,111		12,460
	Other creditors		6,344		1,483
			18,374		28,122


6	Creditors: amounts falling due after one year		2025		2024
£				£

	Bank loans		434,160		425,150
	Other creditors		11,028		-
			445,188		425,150

	There are twelve charges registered with five financial institutions and one connected person.
	Seven of these charges are outstanding and five are satisified.






7	Loans		2025		2024
£				£
	Creditors include:

	Secured bank loans - less than one year & more than one year		434,160		435,510

	There are seven mortgages secured on the company's properties at various rates of interest & repayment terms.


8	Capital reserve		2025		2024
£				£

	At 1st September 2024		189,064		235,801
	Transferred out during the year		-		(46,737)

	At 31 August 2025		189,064		189,064


9	Other information

	Personnel Service Limited is a private company limited by shares and incorporated in England. Its registered office is:
	17 Durnsford Way
	Cranleigh
	GU6 7LN

10	Related party transactions		2025		2024
	Directors' Loan Account		£	£

	Interest free loan repayable on demand		32		32


11	Ultimate controlling party
	The company is under the control of the directors