P & S Personnel Services Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 05681746

P & S Personnel Services Ltd

Unaudited financial statements

28 February 2026

P & S Personnel Services Ltd

Statement of financial position

28 February 2026

	2026		2025
Note	£	£	£	£

Fixed assets

Tangible assets	5	30,960	40,474
Investments	6	6,229	–
		-------	-------
		37,189	40,474

Current assets

Debtors	7	1,025,229	978,473
Cash at bank and in hand		37	78,210
		-----------	-----------
		1,025,266	1,056,683

Creditors: Amounts falling due within one year	8	( 930,996)		( 796,674)
		-----------		-----------
Net current assets			94,270		260,009
			---------		---------
Total assets less current liabilities			131,459		300,483

Creditors: Amounts falling due after more than one year	9	( 54,816)	( 88,591)
		---------	---------
Net assets		76,643	211,892
		---------	---------

Capital and reserves

Called up share capital	90	90
Share premium account	9,900	9,900
Capital redemption reserve	10	10
Profit and loss account	66,643	201,892
	-------	---------
Shareholders funds	76,643	211,892
	-------	---------

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 income statement has not been delivered.

For the year ending 28 February 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The 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 Act with respect to accounting records and the preparation of financial statements .

P & S Personnel Services Ltd

Statement of financial position (continued)

28 February 2026

These financial statements were approved by the board of directors and authorised for issue on 16 October 2026 , and are signed on behalf of the board by:

M W O'Mahony

Director

Company registration number: 05681746

P & S Personnel Services Ltd

Notes to the financial statements

Year ended 28 February 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 1st Floor, Havenbridge House, North Quay, Great Yarmouth, Norfolk, NR30 1HZ.

2. Statement of compliance

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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income tax

Provision is made, under the liability method, to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and 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:

Fixtures & fittings	-	25% reducing balance
Motor vehicles	-	25% reducing balance
Equipment	-	25% reducing balance

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

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. Prior impairments are also reviewed for possible reversal at each reporting date.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of employees during the year was 44 (2025: 56 ).

5. Tangible assets

	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£
Cost
At 1 March 2025	15,243	57,347	49,561	122,151
Additions	–	–	806	806
	-------	-------	-------	---------
At 28 February 2026	15,243	57,347	50,367	122,957
	-------	-------	-------	---------
Depreciation
At 1 March 2025	12,149	25,089	44,439	81,677
Charge for the year	773	8,065	1,482	10,320
	-------	-------	-------	---------
At 28 February 2026	12,922	33,154	45,921	91,997
	-------	-------	-------	---------
Carrying amount
At 28 February 2026	2,321	24,193	4,446	30,960
	-------	-------	-------	---------
At 28 February 2025	3,094	32,258	5,122	40,474
	-------	-------	-------	---------

6. Investments

	Shares in group undertakings	Shares in participating interests	Total
	£	£	£
Cost
At 1 March 2025	100	–	100
Additions	300	7,249	7,549
Disposals	–	( 1,320)	( 1,320)
	----	------	------
At 28 February 2026	400	5,929	6,329
	----	------	------
Impairment
At 1 March 2025 and 28 February 2026	100	–	100
	----	------	------

Carrying amount
At 28 February 2026	300	5,929	6,229
	----	------	------
At 28 February 2025	–	–	–
	----	------	------

7. Debtors

	2026	2025
	£	£
Trade debtors	101,111	190,266
Other debtors	924,118	788,207
	-----------	---------
	1,025,229	978,473
	-----------	---------

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

	2026	2025
	£	£
Other debtors	201,932	156,694
	---------	---------

8. Creditors: Amounts falling due within one year

	2026	2025
	£	£
Bank loans and overdrafts	48,897	26,364
Trade creditors	1,387	5,908
Amounts owed to group undertakings and undertakings in which the company has a participating interest	578,819	84,000
Social security and other taxes	215,744	616,154
Other creditors	86,149	64,248
	---------	---------
	930,996	796,674
	---------	---------

Within other creditors is a hire purchase creditor of £6,009 which is secured on the asset concerned. The bank loan is secured by a debenture incorporating fixed and floating charges over the company assets.

9. Creditors: Amounts falling due after more than one year

	2026	2025
	£	£
Bank loans and overdrafts	22,376	50,142
Other creditors	32,440	38,449
	-------	-------
	54,816	88,591
	-------	-------

Other creditors relates to a hire purchase creditor of £32,440 which is secured on the asset concerned.

10. Finance leases and hire purchase contracts

The total future minimum lease payments under finance leases and hire purchase contracts are as follows:

	2026	2025
	£	£
Not later than 1 year	6,009	4,174
Later than 1 year and not later than 5 years	32,440	38,449
	-------	-------
	38,449	42,623
	-------	-------

11. Operating leases

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

	2026	2025
	£	£
Not later than 1 year	24,440	24,440
Later than 1 year and not later than 5 years	48,880	73,320
	-------	-------
	73,320	97,760
	-------	-------

12. Directors' advances, credits and guarantees

At the year end the directors owed the company a combined overdrawn balance of £668,353 (2024: £606,513). P Gibbs £249,922 (2025: £217,979) M O'Mahony £223,638 (2025: £227,055) Mrs S O'Mahony £194,793 (2025: £161,479) The maximum amount outstanding balances during the year were as follows: P Gibbs £274,972 (2025: £226,618) M O'Mahony £266,847 (2025: £277,055) Mrs S O'Mahony £214,577 (2025: £176,517)