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

REGISTERED NUMBER: 05177184 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2019

for

PLP Property Consultants Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P J L Mayes

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

4 Dorcan Business Village

Murdock Road

Swindon

SN3 5HY

FIXED ASSETS

Intangible assets

4

-

283

Tangible assets

5

19,920

35,515

19,920

35,798

CURRENT ASSETS

Stocks

54,400

16,200

Debtors

124,665

158,446

Cash at bank and in hand

486

5,159

179,551

179,805

CREDITORS

Amounts falling due within one year

181,266

186,174

NET CURRENT LIABILITIES

(1,715

)

(6,369

)

TOTAL ASSETS LESS CURRENT LIABILITIES

18,205

29,429

CREDITORS

Amounts falling due after more than one year

12,762

19,914

NET ASSETS

5,443

9,515

CAPITAL AND RESERVES

Called up share capital

5,000

5,000

Retained earnings

443

4,515

SHAREHOLDERS' FUNDS

5,443

9,515

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2019 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2019 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 and authorised for issue on 23 December 2020 and were signed on its behalf by:

P J L Mayes - Director

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.

Going concern

The accounts have been prepared on the going concern basis, which assumes the continued support of the companys bankers and creditors.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2018 - 11 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2019

and 31 December 2019

22,790

AMORTISATION

At 1 January 2019

22,507

Amortisation for year

283

At 31 December 2019

22,790

NET BOOK VALUE

At 31 December 2019

-

At 31 December 2018

283

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2019

91,515

Additions

267

At 31 December 2019

91,782

DEPRECIATION

At 1 January 2019

56,000

Charge for year

15,862

At 31 December 2019

71,862

NET BOOK VALUE

At 31 December 2019

19,920

At 31 December 2018

35,515

6.	SECURED DEBTS

The following secured debts are included within creditors:

2019

2018

£

£

Bank overdrafts

60,888

29,817

Bank loans

33,177

44,790

Hire purchase contracts

19,915

28,717

113,980

103,324