P S R Services Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04390125

P S R SERVICES LIMITED

FILLETED FINANCIAL STATEMENTS

FOR THE PERIOD ENDED

28 December 2025

P S R SERVICES LIMITED

STATEMENT OF FINANCIAL POSITION

28 December 2025

	28 Dec 25		29 Dec 24
Note	£	£	£	£

Fixed assets

Tangible assets	6		48,851		61,298

Current assets

Stocks	7	9,566	8,992
Debtors	8	78,249	59,343
Cash at bank and in hand		371,146	259,132
		--------	--------
		458,961	327,467

Creditors: amounts falling due within one year	9	( 214,864)		( 239,785)
		--------		--------
Net current assets			244,097		87,682
			--------		--------
Total assets less current liabilities			292,948		148,980

Provisions for liabilities

Taxation, including deferred taxation	( 10,603)	( 13,437)
	--------	--------
Net assets	282,345	135,543
	--------	--------

Capital and reserves

Called up share capital	10	2	2
Profit and loss account		282,343	135,541
		--------	--------
Total shareholders' funds		282,345	135,543
		--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

The director acknowledges his 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 were approved by the board of directors and authorised for issue on 11 August 2026 , and are signed on behalf of the board by:

H S Grewal
Director

Company registration number: 04390125

P S R SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

PERIOD FROM 30 DECEMBER 2024 TO 28 DECEMBER 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 12 North Bar, Banbury, OX16 0TB.

2. Statement of compliance

The principal activity of the company during the period was the sales of pizzas, including collection and delivery. These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest pound. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Going concern

These financial statements have been prepared on a going concern basis which the director considers to be appropriate for the company. After reviewing the company's forecasts and projections, the director is satisfied that the company has sufficient resources to continue in operational existence and will be able to meet its debts as they fall due for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable and represents the amount receivable for goods supplied, net of returns, discounts and rebates allowed by the company and value added taxes. The company operates pizza stores for the production and sale of pizzas. Sales of pizzas are recognised when the significant risks and rewards of ownership have transferred to the buyer. This is on sale to the customer, which is considered the point of delivery. Retail sales are usually by cash, credit or payment card. Payments made to third party ordering platforms prior to remittance to the company are classified within other debtors until received and controlled by the company.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Operating leases

Leases that do not transfer all the risks and rewards of ownership are classified as operating leases. Rentals payable under operating leases are charged to the profit and loss account on a straight-line basis over the period of the lease. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	10% per annum straight line basis

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Leasehold improvements	-	straight line basis over the term of the trading property lease period
Fixtures, fittings and equipment	-	10 - 20% 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.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

Basic financial assets, which include trade and other receivables and cash and bank balances, are initially recognised at transaction price, 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. Such assets are subsequently carried at amortised cost using the effective interest method. At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss. Basic financial liabilities, which include trade and other payables, 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 receipts discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year of less. If not, then they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires. Employee benefits Short term benefits, including holiday pay and other similar non-monetary benefits, are recognised as an expense in the period in which the service is received

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

Share capital

Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.

Distributions to equity holders

Dividends and other distributions to the company's shareholders are recognised as a liability in the financial statements in the period in which the dividends and other distributions are approved by the shareholders. These amounts are recognised in the statement of income and retained earnings.

4. Employee numbers

The average number of persons employed by the company during the period amounted to 48 (2024: 47 ).

5. Intangible assets

	Goodwill
	£
Cost
At 30 December 2024 and 28 December 2025	10,000
	-------
Accumulated amortisation
At 30 December 2024 and 28 December 2025	10,000
	-------
Carrying amount
At 28 December 2025	–
	-------
At 29 December 2024	–
	-------

6. Tangible assets

	Leasehold improvements	Fixtures, fittings and equipment	Total
	£	£	£
Cost
At 30 December 2024 and 28 December 2025	3,133	166,284	169,417
	------	--------	--------
Accumulated depreciation
At 30 December 2024	1,436	106,683	108,119
Charge for the period	313	12,134	12,447
	------	--------	--------
At 28 December 2025	1,749	118,817	120,566
	------	--------	--------
Carrying amount
At 28 December 2025	1,384	47,467	48,851
	------	--------	--------
At 29 December 2024	1,697	59,601	61,298
	------	--------	--------

7. Stocks

	28 Dec 25	29 Dec 24
	£	£
Raw materials and consumables	9,566	8,992
	------	------

There is no significant difference between the replacement cost of the inventory and its carrying amount.

8. Debtors

	28 Dec 25	29 Dec 24
	£	£
Trade debtors	11,580	23,203
Other debtors	66,669	36,140
	-------	-------
	78,249	59,343
	-------	-------

The debtors above include the following amounts falling due after more than one year:

	28 Dec 25	29 Dec 24
	£	£
Other debtors	7,666	8,118
	------	------

9. Creditors: amounts falling due within one year

	28 Dec 25	29 Dec 24
	£	£
Trade creditors	40,991	56,625
Corporation tax	–	12,111
Social security and other taxes	108,251	107,612
Other creditors	65,622	63,437
	--------	--------
	214,864	239,785
	--------	--------

10. Called up share capital

Issued, called up and fully paid

	28 Dec 25		29 Dec 24
	No.	£	No.	£
Ordinary shares of £ 1 each	2	2	2	2
	----	----	----	----

11. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	28 Dec 25	29 Dec 24
	£	£
Not later than 1 year	33,000	33,000
Later than 1 year and not later than 5 years	93,395	126,304
	--------	--------
	126,395	159,304
	--------	--------

The amount recognised in the profit and loss account as an expense in relation to operating leases was £32,908 (2024: £32,824).

12. Summary audit opinion

The auditor's report dated 11 August 2026 was unqualified .

The senior statutory auditor was William Kerr , for and on behalf of Xeinadin Audit Limited .

13. Controlling party

The immediate parent company is Capital Pizza Limited, a company incorporated in England and Wales. The ultimate parent company and the smallest and largest group to prepare consolidated financial statements which include P S R Services Limited is Palico Limited, a company incorporated in England and Wales. The consolidated financial statements of Palico Limited can be obtained from Companies House, Crown Way, Cardiff CF14 3UZ. The ultimate controlling party is the director H S Grewal .