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REGISTERED NUMBER: 08300933 (England and Wales)















PCL Planning Limited

Unaudited Financial Statements for the Year Ended 31 March 2023






PCL Planning Limited (Registered number: 08300933)

Contents of the Financial Statements
for the Year Ended 31 March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PCL Planning Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: D D Seaton
A C Graves





REGISTERED OFFICE: 1a Parliament Square
Parliament Street
Crediton
Devon
EX17 2AW





REGISTERED NUMBER: 08300933 (England and Wales)





ACCOUNTANTS: Haines Watts Accountants (Exeter) Limited
1A Parliament Square
Parliament Street
Crediton
Devon
EX17 2AW

PCL Planning Limited (Registered number: 08300933)

Balance Sheet
31 March 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 5 - 10,879
Tangible assets 6 13,671 17,088
13,671 27,967

CURRENT ASSETS
Stocks 37,339 5,000
Debtors 7 82,904 131,646
Cash at bank and in hand 451,267 366,408
571,510 503,054
CREDITORS
Amounts falling due within one year 8 (69,819 ) (64,582 )
NET CURRENT ASSETS 501,691 438,472
TOTAL ASSETS LESS CURRENT
LIABILITIES

515,362

466,439

PROVISIONS FOR LIABILITIES (2,643 ) (3,247 )
NET ASSETS 512,719 463,192

CAPITAL AND RESERVES
Called up share capital 6,156 6,156
Share premium 210,534 210,534
Retained earnings 296,029 246,502
SHAREHOLDERS' FUNDS 512,719 463,192

PCL Planning Limited (Registered number: 08300933)

Balance Sheet - continued
31 March 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each 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.

The 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 November 2023 and were signed on its behalf by:





D D Seaton - Director


PCL Planning Limited (Registered number: 08300933)

Notes to the Financial Statements
for the Year Ended 31 March 2023


1. STATUTORY INFORMATION

PCL Planning Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

The company's principal place of business is: 13a - 15a Old Park Avenue, Exeter, Devon EX1 3WD.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents amounts chargeable in respect of the sale of services to customers falling within the company's ordinary activities.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


PCL Planning Limited (Registered number: 08300933)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Long term contracts
Amounts recoverable on long term contracts, which are included in debtors are stated at the net sales value of work done after provisions for contingencies and anticipated future losses on contracts, less amounts received as progress payments on account. Excess progress payments are included in creditors as payments received on account.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 7 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 108,799
AMORTISATION
At 1 April 2022 97,920
Amortisation for year 10,879
At 31 March 2023 108,799
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 10,879

PCL Planning Limited (Registered number: 08300933)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


6. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 April 2022
and 31 March 2023 9,884 48,607 58,491
DEPRECIATION
At 1 April 2022 6,782 34,621 41,403
Charge for year 620 2,797 3,417
At 31 March 2023 7,402 37,418 44,820
NET BOOK VALUE
At 31 March 2023 2,482 11,189 13,671
At 31 March 2022 3,102 13,986 17,088

7. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors
and accrued income 42,060 89,891
Other debtors 212 5,130
Directors' loan accounts 29,625 29,000
Prepayments and accrued income 5,679 7,625
77,576 131,646

Amounts falling due after more than one year:
Other debtors 5,328 -

Aggregate amounts 82,904 131,646

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 5,649 4,490
Corporation tax 38,301 26,227
Social security and other taxes 691 3,965
VAT 19,249 25,677
Other creditors 229 1,023
Accruals and deferred income 5,700 3,200
69,819 64,582

PCL Planning Limited (Registered number: 08300933)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
D D Seaton
Balance outstanding at start of year 18,683 18,095
Amounts advanced 607 588
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 19,290 18,683

A C Graves
Balance outstanding at start of year 10,317 10,331
Amounts advanced 335 336
Amounts repaid (318 ) (350 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 10,334 10,317

During the period the company charged interest on the overdrawn loan accounts amounting to £942 (2022: £924).