P & A Services Limited - Accounts to registrar (filleted) - small 17.3

P & A Services Limited - Accounts to registrar (filleted) - small 17.3

P & A SERVICES LIMITED - Company Information

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REGISTERED NUMBER: 02021082 (England and Wales)















P & A SERVICES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2017






P & A SERVICES LIMITED (REGISTERED NUMBER: 02021082)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2017










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


P & A SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2017







DIRECTORS: P G Severn
C Severn



SECRETARY: C Severn



REGISTERED OFFICE: Unit 4G Bramhall Moor Technology Park
Pepper Road
Hazel Grove
Stockport
SK7 5BW



REGISTERED NUMBER: 02021082 (England and Wales)



ACCOUNTANTS: Clarke Nicklin LLP
Chartered Accountants
Clarke Nicklin House
Brooks Drive
Cheadle Royal Business Park
Cheadle
Cheshire
SK8 3TD



BANKERS: National Westminster Bank plc
180 London Road
Hazel Grove
Stockport
SK7 4DH
Page 1
P & A SERVICES LIMITED (REGISTERED NUMBER: 02021082)

BALANCE SHEET
30 SEPTEMBER 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 23,879 17,426

CURRENT ASSETS
Stocks 27,063 28,676
Debtors 5 141,011 126,840
Cash at bank and in hand 143,560 105,278
311,634 260,794
CREDITORS
Amounts falling due within one year 6 87,982 62,772
NET CURRENT ASSETS 223,652 198,022
TOTAL ASSETS LESS CURRENT
LIABILITIES
247,531
215,448

PROVISIONS FOR LIABILITIES 4,463 2,261
NET ASSETS 243,068 213,187

CAPITAL AND RESERVES
Called up share capital 10,130 10,130
Retained earnings 232,938 203,057
SHAREHOLDERS' FUNDS 243,068 213,187

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2017 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 notes form part of these financial statements

Page 2 continued...
P & A SERVICES LIMITED (REGISTERED NUMBER: 02021082)

BALANCE SHEET - continued
30 SEPTEMBER 2017


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 on 5 March 2018 and were signed on its
behalf by:





P G Severn - Director


The notes form part of these financial statements

Page 3
P & A SERVICES LIMITED (REGISTERED NUMBER: 02021082)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2017


1. STATUTORY INFORMATION

P & A 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

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

These financial statements for the year ended 30 September 2017 are the first financial statements
that comply with FRS 102 (Section 1A). The date of transition is 1 October 2015.

The transition to FRS 102 (Section 1A) has resulted in no changes to the company's accounting
policies and its figures are as previously reported..

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

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

Leasehold improvements- Straight line basis over lease term
Tools and equipment- 15% on reducing balance
Fixtures and fittings- 15% on reducing balance
Motor vehicles- 25% to 33% on reducing balance
Computer equipment- 25% on cost

Stock
Stock is valued at the lower of cost and net realisable value. The cost of finished goods includes a
relevant proportion of overheads.

Amounts recoverable on contracts
Turnover on long term contracts is reflected in the profit and loss accounts as contract activity
progresses. Amounts recoverable on contracts is based on the cost of materials and labour hours to
date.

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.


Page 4 continued...
P & A SERVICES LIMITED (REGISTERED NUMBER: 02021082)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2017


2. ACCOUNTING POLICIES - continued
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.

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 7 .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2016 35,451 126,729 162,180
Additions - 15,658 15,658
Disposals - (14,913 ) (14,913 )
At 30 September 2017 35,451 127,474 162,925
DEPRECIATION
At 1 October 2016 35,451 109,303 144,754
Charge for year - 7,595 7,595
Eliminated on disposal - (13,303 ) (13,303 )
At 30 September 2017 35,451 103,595 139,046
NET BOOK VALUE
At 30 September 2017 - 23,879 23,879
At 30 September 2016 - 17,426 17,426


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade debtors 130,373 109,237
Amounts recoverable on contracts 6,286 9,876
Other debtors 4,352 7,727
141,011 126,840

Page 5 continued...
P & A SERVICES LIMITED (REGISTERED NUMBER: 02021082)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2017


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade creditors 46,358 26,523
Taxation and social security 25,759 25,734
Other creditors 15,865 10,515
87,982 62,772

7. RELATED PARTY DISCLOSURES

During the year the company was charged rent amounting to £2,000 (2016 - £2,000) for the use of
premises owned by Mrs C Severn.

8. CONTROLLING PARTY

The company is under the control of Mr and Mrs Severn.

Page 6