PTS Group Holdings Limited - Accounts to registrar (filleted) - small 18.2

PTS Group Holdings Limited - Accounts to registrar (filleted) - small 18.2

PTS GROUP HOLDINGS LIMITED - Company Information

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REGISTERED NUMBER: 07954918 (England and Wales)










Unaudited Financial Statements for the Year Ended 31 March 2022

for

PTS GROUP HOLDINGS LIMITED
PTS GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 07954918)

Contents of the Financial Statements
for the Year Ended 31 March 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 5

PTS GROUP HOLDINGS LIMITED

Company Information
for the Year Ended 31 March 2022







DIRECTORS: E J Roe
S M Baldwin





REGISTERED OFFICE: Telegraph House
59 Wolverhampton Road
Stafford
ST17 4AW





REGISTERED NUMBER: 07954918 (England and Wales)





ACCOUNTANTS: CHEADLES
Chartered Accountants
Telegraph House
59 Wolverhampton Road
Stafford
Staffordshire
ST17 4AW
Page 1
PTS GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 07954918)

Balance Sheet
31 March 2022

31.3.22 31.3.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 63,533 -

CURRENT ASSETS
Debtors 5 74,027 129,763
Cash at bank 111,814 22,417
185,841 152,180
CREDITORS
Amounts falling due within one year 6 87,594 40,620
NET CURRENT ASSETS 98,247 111,560
TOTAL ASSETS LESS CURRENT
LIABILITIES
161,780
111,560

CREDITORS
Amounts falling due after more than one year 7 (618 ) -

PROVISIONS FOR LIABILITIES (12,071 ) -
NET ASSETS 149,091 111,560

CAPITAL AND RESERVES
Called up share capital 400 400
Retained earnings 148,691 111,160
SHAREHOLDERS' FUNDS 149,091 111,560

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 26 July 2022 and were signed on its behalf by:



E J Roe - Director



S M Baldwin - Director


The notes form part of these financial statements

Page 2
PTS GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 07954918)

Notes to the Financial Statements
for the Year Ended 31 March 2022


1. STATUTORY INFORMATION

PTS Group Holdings 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 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.

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 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2021 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
Additions 81,507 1,381 1,822 84,710
At 31 March 2022 81,507 1,381 1,822 84,710
DEPRECIATION
Charge for year 20,377 345 455 21,177
At 31 March 2022 20,377 345 455 21,177
NET BOOK VALUE
At 31 March 2022 61,130 1,036 1,367 63,533

Page 3 continued...
PTS GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 07954918)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Amounts owed by participating interests 71,283 129,763
Other debtors 2,744 -
74,027 129,763

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Trade creditors 213 1
Amounts owed to participating interests 19,500 -
Taxation and social security (54 ) 34,490
Other creditors 67,935 6,129
87,594 40,620

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.22 31.3.21
£    £   
Other creditors 618 -

8. RELATED PARTY DISCLOSURES

During the year, service charges of £23,333 (2021: £55,333) were charged to PTS (TQM) Limited, a company in which the directors have an interest, and £160,500 (2021: £175,000) to PTS (NDT) Limited, a company in which the directors have an interest.

At the balance sheet date, PTS Group Holdings Limited was owed £71,283 (2021: £54,763) from PTS (TQM) Limited, and £75,000 was owed to PTS (NDT) Limited (2021: PTS Group Holdings was owed £75,000 from PTS (NDT Limited) .

9. ULTIMATE CONTROLLING PARTY

The directors and their wives own 100% of the issued share capital.

10. SHORT TERM EMPLOYEE BENEFITS

The company's holiday year end runs in conjunction with the financial year end, and so no holiday accrual is required.

Page 4
Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
PTS Group Holdings Limited


The following reproduces the text of the report prepared for the directors 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 Directors 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 PTS Group Holdings Limited for the year ended 31 March 2022 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity 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 Board of Directors of PTS Group Holdings Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of PTS Group Holdings Limited and state those matters that we have agreed to state to the Board of Directors of PTS Group Holdings Limited, as a body, 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 PTS Group Holdings Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that PTS Group Holdings Limited 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 profit of PTS Group Holdings Limited. You consider that PTS Group Holdings Limited 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 PTS Group Holdings Limited. 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.






CHEADLES
Chartered Accountants
Telegraph House
59 Wolverhampton Road
Stafford
Staffordshire
ST17 4AW


26 July 2022

This page does not form part of the statutory financial statements

Page 5