PC Services Group Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 12327504 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 November 2021

for

PC SERVICES GROUP LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

6

DIRECTOR:

J M Bryant

REGISTERED OFFICE:

Unit 5, The Courtyard

Old Court House Road

Bromoborough

Wirral

CH62 4AB

REGISTERED NUMBER:

12327504 (England and Wales)

ACCOUNTANTS:

LBW Chartered Accountants

Enterprise House

The Courtyard

Old Courthouse Road

Bromborough

Merseyside

CH62 4UE

FIXED ASSETS

Tangible assets

4

18,024

24,031

CURRENT ASSETS

Debtors

5

12,716

13,100

Cash at bank

4,741

4,053

17,457

17,153

CREDITORS

Amounts falling due within one year

6

8,014

7,856

NET CURRENT ASSETS

9,443

9,297

TOTAL ASSETS LESS CURRENT LIABILITIES

27,467

33,328

CREDITORS

Amounts falling due after more than one year

7

32,497

32,720

NET (LIABILITIES)/ASSETS

(5,030

)

608

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

10

(5,130

)

508

SHAREHOLDERS' FUNDS

(5,030

)

608

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2021 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 July 2022 and were signed by:

J M Bryant - Director

1.	STATUTORY INFORMATION

PC Services Group Ltd 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

No depreciation in year of acquisition

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.

Deferred tax

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

The directors consider it unnecessary to provide for deferred taxation as there is no intention to sell any assets in the foreseeable future.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - 1 ).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 December 2020

and 30 November 2021

24,031

DEPRECIATION

Charge for year

6,007

At 30 November 2021

6,007

NET BOOK VALUE

At 30 November 2021

18,024

At 30 November 2020

24,031

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.21

30.11.20

£

£

Other debtors

12,716

13,100

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.21

30.11.20

£

£

Hire purchase contracts

2,930

2,930

Trade creditors

1

-

Taxation and social security

2,162

2,005

Other creditors

2,921

2,921

8,014

7,856

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.21

30.11.20

£

£

Bank loans

24,016

21,000

Hire purchase contracts

8,481

11,720

32,497

32,720

8.	SECURED DEBTS

The following secured debts are included within creditors:

30.11.21

30.11.20

£

£

Hire purchase contracts

11,411

14,650

Hire Purchase is secured over an individual asset

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.21

30.11.20

value:

£

£

100

Ordinary

1

100

100

10.

RESERVES

Retained

earnings

£

At 1 December 2020

508

Deficit for the year

(5,638

)

At 30 November 2021

(5,130

)

11.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 30 November 2021 and the period ended 30 November 2020:

30.11.21

30.11.20

£

£

J M Bryant

Balance outstanding at start of year

13,100

-

Amounts advanced

-

64,692

Amounts repaid

-

(51,592

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

13,100

In other debtors, £13,100 is owed from Mr J Bryant to the company.

12.	ULTIMATE CONTROLLING PARTY

The controlling party is J M Bryant.

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of PC Services Group Ltd for the year ended 30 November 2021 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of PC Services Group Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of PC Services Group Ltd and state those matters that we have agreed to state to the director of PC Services Group Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than PC Services Group Ltd and its director for our work or for this report.

It is your duty to ensure that PC Services Group Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of PC Services Group Ltd. You consider that PC Services Group Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of PC Services Group Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

LBW Chartered Accountants

Enterprise House

The Courtyard

Old Courthouse Road

Bromborough

Merseyside

CH62 4UE

27 July 2022