Surf AccountsProduction v1.0.0 v1.0.0 2022-04-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is van hire. 2 October 2023 2 2 NI663520 2023-03-31 NI663520 2022-03-31 NI663520 2021-03-31 NI663520 2022-04-01 2023-03-31 NI663520 2021-04-01 2022-03-31 NI663520 uk-bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 NI663520 uk-curr:PoundSterling 2022-04-01 2023-03-31 NI663520 uk-bus:AbridgedAccounts 2022-04-01 2023-03-31 NI663520 uk-core:ShareCapital 2023-03-31 NI663520 uk-core:ShareCapital 2022-03-31 NI663520 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 NI663520 uk-core:RetainedEarningsAccumulatedLosses 2022-03-31 NI663520 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-03-31 NI663520 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2022-03-31 NI663520 uk-bus:FRS102 2022-04-01 2023-03-31 NI663520 uk-core:Goodwill 2022-04-01 2023-03-31 NI663520 uk-core:LandBuildings 2022-04-01 2023-03-31 NI663520 uk-core:PlantMachinery 2022-04-01 2023-03-31 NI663520 uk-core:Goodwill 2022-03-31 NI663520 uk-core:Goodwill 2023-03-31 NI663520 2022-04-01 2023-03-31 NI663520 uk-bus:Director1 2022-04-01 2023-03-31 NI663520 uk-bus:Director2 2022-04-01 2023-03-31 NI663520 uk-bus:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Company Registration Number: NI663520
 
 
PPG Couriers Ltd
 
Abridged Unaudited Financial Statements
 
for the financial year ended 31 March 2023
PPG Couriers Ltd
Company Registration Number: NI663520
ABRIDGED BALANCE SHEET
as at 31 March 2023

2023 2022
Notes £ £
 
Fixed Assets
Intangible assets 4 12,000 20,000
Tangible assets 5 82,358 79,668
───────── ─────────
94,358 99,668
───────── ─────────
 
Current Assets
Debtors 10,998 40,963
Cash and cash equivalents 53,658 16,125
───────── ─────────
64,656 57,088
───────── ─────────
Creditors: amounts falling due within one year (44,311) (20,120)
───────── ─────────
Net Current Assets 20,345 36,968
───────── ─────────
Total Assets less Current Liabilities 114,703 136,636
 
Creditors:
amounts falling due after more than one year (67,415) (96,572)
───────── ─────────
Net Assets 47,288 40,064
═════════ ═════════
 
Capital and Reserves
Called up share capital 10 10
Retained earnings 47,278 40,054
───────── ─────────
Equity attributable to owners of the company 47,288 40,064
═════════ ═════════
 
The financial statements have been prepared 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).
           
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
           
The company has taken advantage of the exemption under section 444 not to file the Abridged Profit and Loss Account and Directors' Report.
For the financial year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Board and authorised for issue on 2 October 2023 and signed on its behalf by
           
           
________________________________          
Mr. Patrick Gilliland          
Director          
           
           
________________________________
Mrs. Paula Gilliland
Director
           



PPG Couriers Ltd
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the financial year ended 31 March 2023

   
1. General Information
 
PPG Couriers Ltd is a company limited by shares incorporated and registered in Northern Ireland. The registered number of the company is NI663520. The registered office of the company is 15b Brankins Island Road, Aghalee, Craigavon, Co. Armagh, BT67 0DP, Northern Ireland which is also the principal place of business of the company. The nature of the company's operations and its principal activities are set out in the Directors' Report. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the financial year ended 31 March 2023 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Intangible assets
 
Goodwill
Purchased goodwill arising on the acquisition of a business represents the excess of the acquisition cost over the fair value of the identifiable net assets including other intangible fixed assets when they were acquired. Purchased goodwill is capitalised in the Balance Sheet and amortised on a straight line basis over its economic useful life of 5 years, which is estimated to be the period during which benefits are expected to arise.  On disposal of a business any goodwill not yet amortised is included in determining the profit or loss on sale of the business.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Buildings - 4% Straight line
  Plant and machinery - 20% Straight line
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The company also operates a defined benefit pension scheme for its employees providing benefits based on final pensionable pay. The assets of this scheme are also held separately from those of the company, being invested with pension fund managers.
 
Taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including directors, during the financial year was 2, (2022 - 2).
 
  2023 2022
  Number Number
 
Administrative 2 2
  ═════════ ═════════
     
4. Intangible assets
   
  Goodwill
  £
Cost
At 1 April 2022 40,000
  ─────────
 
At 31 March 2023 40,000
  ─────────
Amortisation
At 1 April 2022 20,000
Charge for financial year 8,000
  ─────────
At 31 March 2023 28,000
  ─────────
Net book value
At 31 March 2023 12,000
  ═════════
At 31 March 2022 20,000
  ═════════
         
5. Tangible assets
  Buildings Plant and Total
    machinery  
       
  £ £ £
Cost
At 1 April 2022 - 105,195 105,195
Additions 5,000 23,411 28,411
  ───────── ───────── ─────────
At 31 March 2023 5,000 128,606 133,606
  ───────── ───────── ─────────
Depreciation
At 1 April 2022 - 25,527 25,527
Charge for the financial year - 25,721 25,721
  ───────── ───────── ─────────
At 31 March 2023 - 51,248 51,248
  ───────── ───────── ─────────
Net book value
At 31 March 2023 5,000 77,358 82,358
  ═════════ ═════════ ═════════
At 31 March 2022 - 79,668 79,668
  ═════════ ═════════ ═════════
       
6. Capital commitments
 
The company had no material capital commitments at the financial year-ended 31 March 2023.
   
7. Post-Balance Sheet Events
 
There have been no significant events affecting the company since the financial year-end.