Company Registration No. 00898534 (England and Wales)
P P PRODUCTS (BUCKS) LIMITED
Unaudited accounts
for the year ended 28 February 2023
P P PRODUCTS (BUCKS) LIMITED
Unaudited accounts
Contents
P P PRODUCTS (BUCKS) LIMITED
Company Information
for the year ended 28 February 2023
Company Number
00898534 (England and Wales)
Registered Office
64 ST. MARGARETS GROVE
GREAT KINGSHILL
HIGH WYCOMBE
BUCKINGHAMSHIRE
HP15 6HP
ENGLAND
Accountants
Ledgers Accountancy Services Ltd
15 Sedgmoor Close
Flackwell Heath
Bucks
HP10 9BH
P P PRODUCTS (BUCKS) LIMITED
Statement of financial position
as at 28 February 2023
Investment property
-
1,000,000
Cash at bank and in hand
530,357
30,282
Creditors: amounts falling due within one year
(3,492)
(5,459)
Net current assets
538,265
36,571
Total assets less current liabilities
538,265
1,037,394
Creditors: amounts falling due after more than one year
-
(13,000)
Net assets
538,265
1,024,394
Called up share capital
1,000
1,000
Revaluation reserve
-
830,623
Profit and loss account
537,265
192,771
Shareholders' funds
538,265
1,024,394
For the year ending 28 February 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 21 November 2023 and were signed on its behalf by
Michael Hore
Director
Company Registration No. 00898534
P P PRODUCTS (BUCKS) LIMITED
Notes to the Accounts
for the year ended 28 February 2023
P P PRODUCTS (BUCKS) LIMITED is a private company, limited by shares, registered in England and Wales, registration number 00898534. The registered office is 64 ST. MARGARETS GROVE, GREAT KINGSHILL, HIGH WYCOMBE, BUCKINGHAMSHIRE, HP15 6HP, ENGLAND.
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.
The accounts are presented in £ sterling.
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:
Plant & machinery
25% Straight Line
Fixtures & fittings
10% Reducing Balance
P P PRODUCTS (BUCKS) LIMITED
Notes to the Accounts
for the year ended 28 February 2023
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 March 2022
16,227
6,504
22,731
Disposals
(16,227)
(6,504)
(22,731)
At 1 March 2022
15,766
6,142
21,908
On disposals
(15,766)
(6,142)
(21,908)
At 28 February 2022
461
362
823
Fair value at 1 March 2022
1,000,000
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially
recognised at cost, which includes the purchase cost and any directly attributable expenditure.
Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in
profit or loss
Amounts falling due within one year
Accrued income and prepayments
-
18
Amounts falling due after more than one year
Amounts due from group undertakings etc.
11,400
10,900
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
-
4,000
Taxes and social security
3,492
-
P P PRODUCTS (BUCKS) LIMITED
Notes to the Accounts
for the year ended 28 February 2023
8
Creditors: amounts falling due after more than one year
2023
2022
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).