| P & S Spares and Service Limited |
| Registered number: |
08601918 |
| Balance Sheet |
| as at 31 July 2025 |
|
|
|
|
|
|
|
|
|
| Notes |
|
2025 |
|
2024 |
|
|
|
£ |
£ |
|
£ |
£ |
| Fixed assets |
| Intangible assets |
3 |
|
|
2 |
|
|
2 |
| Tangible assets |
4 |
|
|
4 |
|
|
4 |
|
|
|
|
6 |
|
|
6 |
|
| Current assets |
| Stocks |
|
|
136,000 |
|
|
139,000 |
| Debtors |
5 |
|
230,551 |
|
|
234,654 |
| Cash at bank and in hand |
|
|
7 |
|
|
7 |
|
|
|
366,558 |
|
|
373,661 |
|
|
|
|
|
|
|
| Creditors: amounts falling due within one year |
6 |
|
(312,526) |
|
|
(248,383) |
|
| Net current assets |
|
|
|
54,032 |
|
|
125,278 |
|
| Total assets less current liabilities |
|
|
|
54,038 |
|
|
125,284 |
|
| Creditors: amounts falling due after more than one year |
7 |
|
|
(24,583) |
|
|
(29,752) |
|
|
| Net assets |
|
|
|
29,455 |
|
|
95,532 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
1 |
|
|
1 |
| Profit and loss account |
|
|
|
29,454 |
|
|
95,531 |
|
| Shareholders' funds |
|
|
|
29,455 |
|
|
95,532 |
|
|
|
|
|
|
|
|
| The director is 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 director acknowledges her 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. |
|
|
|
| D Britton |
| Director |
| Approved by the board on 27 August 2026 |
|
| P & S Spares and Service Limited |
| Notes to the Accounts |
| for the year ended 31 July 2025 |
|
|
|
|
|
|
|
|
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102 (as applicable to small companies), The Financial Reporting Standard applicable in the UK and Republic of Ireland. |
|
|
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 when the service is performed. |
|
|
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, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Plant and machinery |
20% straight line |
|
|
|
Stocks |
|
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. |
|
|
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. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
9 |
|
9 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Intangible fixed assets |
£ |
|
Goodwill: |
|
|
Cost |
|
At 1 August 2024 |
2 |
|
At 31 July 2025 |
2 |
|
|
|
|
|
|
|
|
|
|
Amortisation |
|
At 31 July 2025 |
- |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 July 2025 |
2 |
|
At 31 July 2024 |
2 |
|
|
|
|
|
|
|
|
|
|
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years. |
|
|
| 4 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Plant and machinery etc |
| £ |
|
Cost |
|
At 1 August 2024 |
18,807 |
|
At 31 July 2025 |
18,807 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 August 2024 |
18,803 |
|
At 31 July 2025 |
18,803 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 July 2025 |
4 |
|
At 31 July 2024 |
4 |
|
|
|
|
|
|
|
|
|
|
|
|
| 5 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade debtors |
208,551 |
|
233,137 |
|
Prepayments and accrued income |
|
22,000 |
|
1,517 |
|
|
|
|
|
|
230,551 |
|
234,654 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans and overdrafts |
27,180 |
|
12,629 |
|
Trade creditors |
44,457 |
|
5,012 |
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
|
134,444 |
|
105,264 |
|
Corporation tax |
646 |
|
20,539 |
|
Other taxes and social security costs |
100,799 |
|
100,239 |
|
Accruals and deferred income |
5,000 |
|
4,700 |
|
|
|
|
|
|
312,526 |
|
248,383 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans |
24,583 |
|
29,752 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Controlling party |
|
|
The company is a wholly owned subsidiary of P&S Group Limited: a company incorporated in England & Wales. |
|
|
| 9 |
Other information |
|
|
P & S Spares and Service Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
The Lodge,Castle Bromwich Hall |
|
Chester Road |
|
Castle Bromwich |
|
West Midlands |
|
B36 9DE |