Registered number
05765799
The Personal Development Point Limited
Unaudited Filleted Accounts
31 August 2023
The Personal Development Point Limited
Registered number: 05765799
Balance Sheet
as at 31 August 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 1,130 2,192
Current assets
Debtors 4 15,068 46,544
Cash at bank and in hand 11 11
15,079 46,555
Creditors: amounts falling due within one year 5 (18,781) (25,967)
Net current (liabilities)/assets (3,702) 20,588
Total assets less current liabilities (2,572) 22,780
Creditors: amounts falling due after more than one year 6 (21,750) (22,643)
Net (liabilities)/assets (24,322) 137
Capital and reserves
Called up share capital 135 135
Profit and loss account (24,457) 2
Shareholders' funds (24,322) 137
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr A W Smith
Director
Approved by the board on 6 October 2023
The Personal Development Point Limited
Notes to the Accounts
for the period from 1 May 2022 to 31 August 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and Equipment 25% - 33% straight line
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Equipment etc
£
Cost
At 1 May 2022 3,187
At 31 August 2023 3,187
Depreciation
At 1 May 2022 995
Charge for the period 1,062
At 31 August 2023 2,057
Net book value
At 31 August 2023 1,130
At 30 April 2022 2,192
4 Debtors 2023 2022
£ £
Trade debtors 3,420
Other debtors 11,648 46,544
15,068 46,544
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 11,588 9,636
Corporation tax 5,608 12,002
Other taxes and social security costs 1,583 4,330
Other creditors 2 (1)
18,781 25,967
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 21,750 22,643
7 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Mrs S Owens
Director Loan Account 8,269 (8,269) -
Mr A W Smith
Director Loan Account 17,873 5,311 (17,873) 5,311
26,142 5,311 (26,142) 5,311
8 Controlling party
At the balance sheet date, Mr AW Smith and Mrs S Owens are the ultimate controlling parties by virtue of their shareholdings.
9 Other information
The Personal Development Point Limited is a private company limited by shares and incorporated in England. Its registered office is:
31 A|lvanley Road
Kirkby
Liverpool
Merseyside
L32 0SY
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