Company Registration No. 06498054 (England and Wales)
P&PC Surveyors Ltd
Unaudited accounts
for the year ended 29 May 2023
P&PC Surveyors Ltd
Unaudited accounts
Contents
P&PC Surveyors Ltd
Company Information
for the year ended 29 May 2023
Company Number
06498054 (England and Wales)
Registered Office
Mighty House
83 Bowerham Road
Lancaster
LA1 4AQ
Accountants
The Tax Farm
Hare House
732 Whittingham Lane
Preston
PR3 2JJ
P&PC Surveyors Ltd
Statement of financial position
as at 29 May 2023
Intangible assets
1,350
2,700
Tangible assets
63,292
61,700
Debtors
1,231,782
1,403,349
Cash at bank and in hand
961,427
577,755
Creditors: amounts falling due within one year
(599,660)
(497,156)
Net current assets
1,593,549
1,483,948
Total assets less current liabilities
1,658,203
1,548,948
Creditors: amounts falling due after more than one year
(147,239)
(197,239)
Net assets
1,510,964
1,351,709
Called up share capital
1
1
Capital redemption reserve
(18,999)
(18,999)
Profit and loss account
1,529,962
1,370,707
Shareholders' funds
1,510,964
1,351,709
For the year ending 29 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 February 2024 and were signed on its behalf by
Peter Charnley
Director
Company Registration No. 06498054
P&PC Surveyors Ltd
Notes to the Accounts
for the year ended 29 May 2023
P&PC Surveyors Ltd is a private company, limited by shares, registered in England and Wales, registration number 06498054. The registered office is Mighty House, 83 Bowerham Road, Lancaster, LA1 4AQ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% reducing balance
Fixtures & fittings
20% reducing balance
Computer equipment
20% reducing balance
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
P&PC Surveyors Ltd
Notes to the Accounts
for the year ended 29 May 2023
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 30 May 2022
8,772
34,126
34,608
40,448
117,954
Additions
2,395
13,763
504
2,163
18,825
At 29 May 2023
11,167
47,889
35,112
42,611
136,779
At 30 May 2022
1,754
25,332
10,511
18,657
56,254
Charge for the year
1,883
5,639
4,920
4,791
17,233
At 29 May 2023
3,637
30,971
15,431
23,448
73,487
At 29 May 2023
7,530
16,918
19,681
19,163
63,292
At 29 May 2022
7,018
8,794
24,097
21,791
61,700
6
Investments
Subsidiary undertakings
Other investments
Total
Valuation at 30 May 2022
600
-
600
Valuation at 29 May 2023
-
12
12
Amounts falling due within one year
Trade debtors
59,028
75,674
Other debtors
1,172,754
1,327,675
8
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
50,000
50,000
Trade creditors
58,363
8,967
Taxes and social security
45,504
72,712
Other creditors
46,326
25,389
Loans from directors
-
606
Deferred income
364,839
284,011
P&PC Surveyors Ltd
Notes to the Accounts
for the year ended 29 May 2023
9
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
108,333
158,333
Other creditors
38,906
38,906
P&PC Surveyors Ltd
Notes to the Accounts
for the year ended 29 May 2023
10
Transactions with related parties
The following amounts were outstanding at the reporting end date:
Amounts due from related parties
PRS Consultancy Limited £117,431 (2022 - £105,064)
Fisher Wrathall Surveyors Limited £0 (2022 - £66,081)
60 Church Street Limited. £869,044 (2022 - £864,044)
Market Street Limited £0 (2022 - £200,372)
Lancaster Property Lettings Ltd £42,000 (2022 - £40,000)
Cappuvino Ltd £2,209 (2022 - £2,209)
P&M Properties £10,000 (2022 - £10,000)
D&P (Lancaster) Ltd £13,000 (2022 - £0)
Amounts owed to related parties
Fisher Wrathall Surveyors Limited £2,000 (2022 - £0)
Market Street Limited £24,628 (2022 - £0)
The amount outstanding from PRS Consultancy Limited, a company in which Mr. P Charnley is a director and shareholder, is in respect of a loan. Interest at 7% was charged on the loan during the year.
The amount outstanding to Fisher Wrathall Surveyors Limited Limited a company in which Mr. P Charnley is a director and shareholder, is in respect of a loan. No interest was charged on the loan during the year.
The amount outstanding from 60 Church Street Limited a company in which Mr. P Charnley is a director and shareholder, is in respect of a loan. No interest was charged on the loan during the year.
The amount outstanding to Market Street Limited a company in which Mr. P Charnley is a director and shareholder, is in respect of a loan. No interest was charged on the loan during the year.
The amount outstanding from Lancaster Property Lettings Ltd a company in which Mr. P Charnley is a director and shareholder, is in respect of a loan. No interest was charged on the loan during the year.
The amount outstanding to Cappuvino Limited a company in which Mr. P Charnley is a director and shareholder, is in respect of a loan. No interest was charged on the loan during the year.
The amount outstanding to P&M Properties a partnership in which Mr. P Charnley is a partner, is in respect of a loan. No interest was charged on the loan during the year.
The amount outstanding from D&P (Lancaster) Ltd a company in which Mr. P Charnley is a director and shareholder, is in respect of a loan. No interest was charged on the loan during the year.
11
Average number of employees
During the year the average number of employees was 21 (2022: 20).
