IRIS Accounts Production v23.3.1.45 12127005 Board of Directors 1.8.22 31.7.23 31.7.23 false true false false true false Ordinary 0.10000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh121270052022-07-31121270052023-07-31121270052022-08-012023-07-31121270052021-07-31121270052021-08-012022-07-31121270052022-07-3112127005ns10:Originalns15:EnglandWales2022-08-012023-07-3112127005ns14:PoundSterlingns10:Original2022-08-012023-07-3112127005ns10:Originalns10:Director12022-08-012023-07-3112127005ns10:Original2022-08-012023-07-3112127005ns10:Original2023-07-3112127005ns10:Originalns10:PrivateLimitedCompanyLtd2022-08-012023-07-3112127005ns10:Originalns10:SmallEntities2022-08-012023-07-3112127005ns10:Originalns10:AuditExempt-NoAccountantsReport2022-08-012023-07-3112127005ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-08-012023-07-3112127005ns10:SmallCompaniesRegimeForAccountsns10:Original2022-08-012023-07-3112127005ns10:Originalns10:FullAccounts2022-08-012023-07-3112127005ns10:Originalns10:OrdinaryShareClass12022-08-012023-07-3112127005ns10:Originalns10:Director22022-08-012023-07-3112127005ns10:Originalns10:RegisteredOffice2022-08-012023-07-3112127005ns10:Original2022-07-3112127005ns10:Originalns5:CurrentFinancialInstruments2023-07-3112127005ns10:Originalns5:CurrentFinancialInstruments2022-07-3112127005ns5:ShareCapitalns10:Original2023-07-3112127005ns5:ShareCapitalns10:Original2022-07-3112127005ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-07-3112127005ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-07-3112127005ns10:Originalns5:PlantMachinery2022-08-012023-07-3112127005ns10:Originalns5:FurnitureFittings2022-08-012023-07-3112127005ns10:Originalns5:ComputerEquipment2022-08-012023-07-3112127005ns10:Original2021-08-012022-07-3112127005ns10:Originalns5:PlantMachinery2022-07-3112127005ns10:Originalns5:FurnitureFittings2022-07-3112127005ns10:Originalns5:ComputerEquipment2022-07-3112127005ns10:Original2022-07-3112127005ns10:Originalns5:PlantMachinery2023-07-3112127005ns10:Originalns5:FurnitureFittings2023-07-3112127005ns10:Originalns5:ComputerEquipment2023-07-3112127005ns10:Originalns5:PlantMachinery2022-07-3112127005ns10:Originalns5:FurnitureFittings2022-07-3112127005ns10:Originalns5:ComputerEquipment2022-07-3112127005ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-07-3112127005ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-07-3112127005ns10:Originalns5:DeferredTaxation2022-07-3112127005ns10:Originalns5:DeferredTaxation2023-07-3112127005ns10:Originalns10:OrdinaryShareClass12023-07-31
















THE PRACTICAL PLANNING COMPANY LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023






THE PRACTICAL PLANNING COMPANY LTD (REGISTERED NUMBER: 12127005)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE PRACTICAL PLANNING COMPANY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTORS: B C Heginbotham
Mrs J Heginbotham





REGISTERED OFFICE: 23 Heritage Road
Castle Donington
Leicestershire
DE74 2YP





REGISTERED NUMBER: 12127005 (England and Wales)





ACCOUNTANTS: Sibbalds Limited
Chartered Accountants and Business Advisers
Oakhurst House
57 Ashbourne Road
Derby
Derbyshire
DE22 3FS

THE PRACTICAL PLANNING COMPANY LTD (REGISTERED NUMBER: 12127005)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,603 2,767

CURRENT ASSETS
Debtors 5 6,449 5,577
Cash at bank and in hand 33,299 32,455
39,748 38,032
CREDITORS
Amounts falling due within one year 6 36,061 20,454
NET CURRENT ASSETS 3,687 17,578
TOTAL ASSETS LESS CURRENT LIABILITIES 6,290 20,345

PROVISIONS FOR LIABILITIES 7 500 500
NET ASSETS 5,790 19,845

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 5,789 19,844
SHAREHOLDERS' FUNDS 5,790 19,845

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 PRACTICAL PLANNING COMPANY LTD (REGISTERED NUMBER: 12127005)

BALANCE SHEET - continued
31 JULY 2023


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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 January 2024 and were signed on its behalf by:





B C Heginbotham - Director


THE PRACTICAL PLANNING COMPANY LTD (REGISTERED NUMBER: 12127005)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023


1. STATUTORY INFORMATION

The Practical Planning Company Ltd 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 (£).


2. ACCOUNTING POLICIES

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

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.

THE PRACTICAL PLANNING COMPANY LTD (REGISTERED NUMBER: 12127005)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 August 2022 89 2,300 2,933 5,322
Additions - 564 - 564
At 31 July 2023 89 2,864 2,933 5,886
DEPRECIATION
At 1 August 2022 58 980 1,517 2,555
Charge for year 8 365 355 728
At 31 July 2023 66 1,345 1,872 3,283
NET BOOK VALUE
At 31 July 2023 23 1,519 1,061 2,603
At 31 July 2022 31 1,320 1,416 2,767

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 3,449 2,418
Other debtors 3,000 3,159
6,449 5,577

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 11,292 18,183
Other creditors 24,769 2,271
36,061 20,454

7. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 500 500

THE PRACTICAL PLANNING COMPANY LTD (REGISTERED NUMBER: 12127005)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 August 2022 500
Balance at 31 July 2023 500

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
10 Ordinary £0.10 1 1