PPP Operations Ltd Filleted accounts for Companies House (small and micro)

PPP OPERATIONS LTD - Company Information

1 false false true false false false false false false true false false false false false false No description of principal activity 2023-02-01 Sage Accounts Production Advanced 2021 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 09946677 2023-02-01 2024-01-31 09946677 2024-01-31 09946677 2023-01-31 09946677 2022-02-01 2023-01-31 09946677 2023-01-31 09946677 core:MotorVehicles 2023-02-01 2024-01-31 09946677 bus:Director1 2023-02-01 2024-01-31 09946677 core:MotorVehicles 2023-01-31 09946677 core:MotorVehicles 2024-01-31 09946677 core:WithinOneYear 2024-01-31 09946677 core:WithinOneYear 2023-01-31 09946677 core:ShareCapital 2024-01-31 09946677 core:ShareCapital 2023-01-31 09946677 core:RetainedEarningsAccumulatedLosses 2024-01-31 09946677 core:RetainedEarningsAccumulatedLosses 2023-01-31 09946677 core:MotorVehicles 2023-01-31 09946677 bus:SmallEntities 2023-02-01 2024-01-31 09946677 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 09946677 bus:FullAccounts 2023-02-01 2024-01-31 09946677 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 09946677 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 09946677 core:FurnitureFittingsToolsEquipment 2023-02-01 2024-01-31 09946677 core:FurnitureFittingsToolsEquipment 2024-01-31 09946677 core:FurnitureFittingsToolsEquipment 2023-01-31

COMPANY REGISTRATION NUMBER: 09946677

PPP Operations Ltd

Filleted Unaudited Financial Statements

31 January 2024

PPP Operations Ltd

Financial Statements

Year ended 31 January 2024

Contents	Page

Balance sheet	1

Notes to the financial statements	3

PPP Operations Ltd

Balance Sheet

31 January 2024

	2024		2023
Note	£	£	£

Fixed assets

Tangible assets	5		14,399	19,507

Current assets

Debtors	6	29	1,773
Cash at bank and in hand		212,584	233,566
		---------	---------
		212,613	235,339

Creditors: amounts falling due within one year	7	( 30,628)		( 25,422)
		---------		---------
Net current assets			181,985	209,917
			---------	---------
Total assets less current liabilities			196,384	229,424

Provisions

Taxation including deferred tax	–	( 145)
	---------	---------
Net assets	196,384	229,279
	---------	---------

PPP Operations Ltd

Balance Sheet (continued)

31 January 2024

	2024		2023
Note	£	£	£

Capital and reserves

Called up share capital	50	50
Profit and loss account	196,334	229,229
	---------	---------
Shareholders funds	196,384	229,279
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.

For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 20 March 2024 , and are signed on behalf of the board by:

Mr P A Salter
Director

Company registration number: 09946677

PPP Operations Ltd

Notes to the Financial Statements

Year ended 31 January 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 6 Corunna Court, Corunna Road, Warwick, CV34 5HQ.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis and in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Current tax is recognised on taxable profit for the current and past periods. Deferred tax is recognised in respect of all timing differences at the reporting date.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Motor vehicles	-	25% reducing balance
Equipment	-	25% straight line

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).

5. Tangible assets

	Motor vehicles	Equipment	Total
	£	£	£
Cost
At 1 February 2023 and 31 January 2024	33,995	4,846	38,841
	--------	-------	--------
Depreciation
At 1 February 2023	15,869	3,465	19,334
Charge for the year	4,532	576	5,108
	--------	-------	--------
At 31 January 2024	20,401	4,041	24,442
	--------	-------	--------
Carrying amount
At 31 January 2024	13,594	805	14,399
	--------	-------	--------
At 31 January 2023	18,126	1,381	19,507
	--------	-------	--------

6. Debtors

	2024	2023
	£	£
Other debtors	29	1,773
	----	-------

7. Creditors: amounts falling due within one year

	2024	2023
	£	£
Social security and other taxes	–	274
Other creditors	30,628	25,148
	--------	--------
	30,628	25,422
	--------	--------

8. Director's advances, credits and guarantees

During the year, the director had an interest-free, repayable on demand loan with the company. At the start of the year the director was owed £23,648, and at the end of the year the director was owed £29,128.