PLP Property Consultants Limited - Accounts to registrar (filleted) - small 18.2

PLP Property Consultants Limited - Accounts to registrar (filleted) - small 18.2

PLP PROPERTY CONSULTANTS LIMITED - Company Information

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REGISTERED NUMBER: 05177184 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2018

for

PLP Property Consultants Limited
PLP Property Consultants Limited (Registered number: 05177184)






Contents of the Financial Statements
for the Year Ended 31 December 2018




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


PLP Property Consultants Limited

Company Information
for the Year Ended 31 December 2018







DIRECTORS: P J L Mayes
G N Smith
J S Murray
J H White





SECRETARY: P J L Mayes





REGISTERED OFFICE: Cheviot House
41 Bath Road
Swindon
Wiltshire
SN1 3AS





REGISTERED NUMBER: 05177184 (England and Wales)





ACCOUNTANTS: David Starbuck
609 Delta Business Park
Welton Road
Swindon
Wiltshire
SN5 7XF
Page 1
PLP Property Consultants Limited (Registered number: 05177184)

Abridged Balance Sheet
31 December 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 283 1,778
Tangible assets 5 35,515 37,524
35,798 39,302

CURRENT ASSETS
Stocks 16,200 5,700
Debtors 158,446 245,162
Cash at bank and in hand 5,159 60,354
179,805 311,216
CREDITORS
Amounts falling due within one year 186,174 308,406
NET CURRENT (LIABILITIES)/ASSETS (6,369 ) 2,810
TOTAL ASSETS LESS CURRENT
LIABILITIES
29,429
42,112

CREDITORS
Amounts falling due after more than one year 19,914 17,474
NET ASSETS 9,515 24,638

CAPITAL AND RESERVES
Called up share capital 5,000 5,000
Retained earnings 4,515 19,638
SHAREHOLDERS' FUNDS 9,515 24,638

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2018 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...
PLP Property Consultants Limited (Registered number: 05177184)

Abridged Balance Sheet - continued
31 December 2018


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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2018 in accordance with Section 444(2A) of the Companies Act 2006.

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 27 September 2019 and were signed on its behalf by:





P J L Mayes - Director


The notes form part of these financial statements

Page 3
PLP Property Consultants Limited (Registered number: 05177184)

Notes to the Financial Statements
for the Year Ended 31 December 2018

1. STATUTORY INFORMATION

PLP Property Consultants 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 net invoiced sales of services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, 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.
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in
bringing stocks 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 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.

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

Page 4 continued...
PLP Property Consultants Limited (Registered number: 05177184)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2018

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2017 - 18 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2018
and 31 December 2018 22,790
AMORTISATION
At 1 January 2018 21,012
Amortisation for year 1,495
At 31 December 2018 22,507
NET BOOK VALUE

At 31 December 2018 283
At 31 December 2017 1,778

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2018 86,830
Additions 17,685
Disposals (13,000 )
At 31 December 2018 91,515
DEPRECIATION
At 1 January 2018 49,306
Charge for year 16,444
Eliminated on disposal (9,750 )
At 31 December 2018 56,000
NET BOOK VALUE
At 31 December 2018 35,515
At 31 December 2017 37,524

6. SECURED DEBTS

The following secured debts are included within creditors:

2018 2017
£    £   
Bank overdrafts 29,817 23,178
Bank loans 44,790 63,119
Hire purchase contracts 28,717 23,943
103,324 110,240

Page 5