P.C. Decorating Services Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 04821531 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

P.C. Decorating Services Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

P D Chudley

SECRETARY:

P D Chudley

REGISTERED OFFICE:

Suite 1

Liberty House

South Liberty Lane

Bristol

BS3 2ST

REGISTERED NUMBER:

04821531 (England and Wales)

ACCOUNTANTS:

Stanley Joseph Limited

Chartered Accountants

Suite 1

Liberty House

South Liberty Lane

Bristol

BS3 2ST

FIXED ASSETS

Intangible assets

4

-

Property, plant and equipment

5

39,607

52,018

39,607

52,018

CURRENT ASSETS

Inventories

6

26,403

28,512

Debtors

7

61,268

52,215

Cash at bank

161,402

183,995

249,073

264,722

CREDITORS

Amounts falling due within one year

8

132,398

47,816

NET CURRENT ASSETS

116,675

216,906

TOTAL ASSETS LESS CURRENT
LIABILITIES

156,282

268,924

CREDITORS

Amounts falling due after more than one
year

9

(5,897

)

(22,981

)

PROVISIONS FOR LIABILITIES

(9,180

)

(12,228

)

NET ASSETS

141,205

233,715

CAPITAL AND RESERVES

Called up share capital

10

1

Retained earnings

141,204

233,714

SHAREHOLDERS' FUNDS

141,205

233,715

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 November 2025 and were signed by:

P D Chudley - Director

1.	STATUTORY INFORMATION

P.C. Decorating Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents the amounts receivable, excluding VAT and trade discounts, by the company for goods and services provided during the year. All transactions arose in the United Kingdom.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Inventories and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing inventories to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

25,000

AMORTISATION

At 1 April 2024

and 31 March 2025

25,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

COST

At 1 April 2024

7,503

2,697

85,590

20,044

115,834

Additions

-

726

At 31 March 2025

7,503

2,697

85,590

20,770

116,560

DEPRECIATION

At 1 April 2024

6,627

2,498

38,039

16,652

63,816

Charge for year

132

50

11,926

1,029

13,137

At 31 March 2025

6,759

2,548

49,965

17,681

76,953

NET BOOK VALUE

At 31 March 2025

744

149

35,625

3,089

39,607

At 31 March 2024

876

199

47,551

3,392

52,018

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 April 2024

and 31 March 2025

47,590

DEPRECIATION

At 1 April 2024

11,897

Charge for year

8,962

At 31 March 2025

20,859

NET BOOK VALUE

At 31 March 2025

26,731

At 31 March 2024

35,693

6.	INVENTORIES

31.3.25

31.3.24

£

Stocks

650

Work-in-progress

25,753

27,862

26,403

28,512

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade debtors

59,503

48,563

VAT

-

1,887

Prepayments

1,765

61,268

52,215

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Bank loans and overdrafts

10,000

Hire purchase contracts

7,063

7,078

Trade creditors

54,797

17,447

Tax

2,729

40,409

Social security and other taxes

26,130

(29,622

)

VAT

29,299

-

Directors' current accounts

673

797

Accrued expenses

1,707

132,398

47,816

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.3.25

31.3.24

£

Bank loans - 1-2 years

5,032

15,068

Hire purchase contracts

865

7,913

5,897

22,981

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

1

Ordinary

£1.00

1

11.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

P D Chudley

Director

During the year the company entered into the following transactions with the director.

2025

2024

Dividends paid

95,000

103,000

Capital introduced

-

Capital withdrawn

124

200

The amount due to the director at the year end was £673 (2024: £797).

12.	ULTIMATE CONTROLLING PARTY

The controlling party is P D Chudley.