PRACTICAL PROPERTY SERVICES LIMITED - Accounts

PRACTICAL PROPERTY SERVICES LIMITED - Accounts

PRACTICAL PROPERTY SERVICES LIMITED - Company Information

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Registered Number: 06004580
England and Wales

 

 

 

PRACTICAL PROPERTY SERVICES LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 30 March 2022

End date: 29 March 2023

PRACTICAL PROPERTY SERVICES LIMITED
Contents Page
For the year ended 29 March 2023
Director Mr R Plant
Registered Number 06004580
Registered Office 1 Andromeda House
Calleva PArk
Aldermaston
Berkshire
RG7 8AP
Accountants Dove Marsh & Jones
1 Andromeda House
Calleva Park
Aldermaston
Berkshire
RG7 8AP
1
Director's report and financial statements
The director presents his annual report and the financial statements for the year ended 29 March 2023.
Director
The director who served the company throughout the year was as follows:
Mr R Plant
Statement of director's responsibilities
The director is responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the director is required to :
  • select suitable accounting policies and then apply them consistently
  • make judgements and accounting estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The director is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

On behalf of the board.


----------------------------------
Mr R Plant
Director

Date approved: 29 March 2024
2
Report to the directors on the preparation of the unaudited statutory accounts of PRACTICAL PROPERTY SERVICES LIMITED for the year ended 29 March 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of PRACTICAL PROPERTY SERVICES LIMITED for the year ended 29 March 2023 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/
This report is made solely to the Board of Directors of PRACTICAL PROPERTY SERVICES LIMITED, as a body, in accordance with the terms of our engagement letter dated 29 March 2024 Our work has been undertaken solely to prepare for your approval the accounts of PRACTICAL PROPERTY SERVICES LIMITED and state those matters that we have agreed to state to the Board of Directors of PRACTICAL PROPERTY SERVICES LIMITED, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than PRACTICAL PROPERTY SERVICES LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that PRACTICAL PROPERTY SERVICES LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of PRACTICAL PROPERTY SERVICES LIMITED. You consider that PRACTICAL PROPERTY SERVICES 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 accounts of PRACTICAL PROPERTY SERVICES 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 accounts
29 March 2023



....................................................
Dove Marsh & Jones
1 Andromeda House
Calleva Park
Aldermaston
Berkshire
RG7 8AP
29 March 2024
3
 
 		 Notes
 		 2023
£		   2022
£
Fixed assets      
Tangible fixed assets 3 8,945    9,975 
8,945    9,975 
Current assets      
Debtors 4 27,833    57,660 
Cash at bank and in hand 53,915    51,347 
81,748    109,007 
Creditors: amount falling due within one year 5 (22,291)   (35,449)
Net current assets 59,457    73,558 
 
Total assets less current liabilities 68,402    83,533 
Creditors: amount falling due after more than one year 6 (39,726)   (46,332)
Net assets 28,676    37,201 
 

Capital and reserves 		     
Called up share capital 1    1 
Profit and loss account 28,675    37,200 
Shareholder's funds 28,676    37,201 
 


For the year ended 29 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the director on 29 March 2024 and were signed by:


-------------------------------
Mr R Plant
Director
4
General Information
PRACTICAL PROPERTY SERVICES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 06004580, registration address 1 Andromeda House, Calleva PArk, Aldermaston, Berkshire, RG7 8AP. The trading address of the company is 28 Woodlands Road, Baughurst, Tadley, Hampshire, RG26 5PA.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Motor Vehicles 25% Reducing Balance
Computer Equipment 25% Straight Line
2.

Average number of employees

Average number of employees during the year was 2 (2022 : 2).
3.

Tangible fixed assets

Cost or valuation Motor Vehicles   Computer Equipment   Total
  £   £   £
At 30 March 2022 17,500    7,580    25,080 
Additions -    2,082    2,082 
Disposals -    -    - 
At 29 March 2023 17,500    9,662    27,162 
Depreciation
At 30 March 2022 7,656    7,449    15,105 
Charge for year 2,461    651    3,112 
On disposals -    -    - 
At 29 March 2023 10,117    8,100    18,217 
Net book values
Closing balance as at 29 March 2023 7,383    1,562    8,945 
Opening balance as at 30 March 2022 9,844    131    9,975 


4.

Debtors: amounts falling due within one year

2023
£		   2022
£
Trade Debtors 20,543    17,703 
Other Debtors 4,473    39,957 
Corporation Tax 2,817    - 
27,833    57,660 

5.

Creditors: amount falling due within one year

2023
£		   2022
£
Trade Creditors 4,552    6,686 
Bank Loans & Overdrafts 5,555    5,555 
PAYE & Social Security 495    463 
Accrued Expenses 2,963    1,440 
Other Creditors 34    - 
Obligations under HP/Financial Leases 3,549    2,300 
Directors' Current Accounts 101    18,803 
VAT 5,042    202 
22,291    35,449 

6.

Creditors: amount falling due after more than one year

2023
£		   2022
£
Bank Loans & Overdrafts 34,260    39,815 
Obligations Under HP/Financial Leases 5,466    6,517 
39,726    46,332 

5