Registered number
08375258
PTP ARCHITECTS (INTERIORS) LTD
Filleted Accounts
30 June 2023
PTP ARCHITECTS (INTERIORS) LTD
Registered number: 08375258
Balance Sheet
as at 30 June 2023
Notes 2023 2022
£ £
Current assets
Debtors 3 197,275 162,275
Cash at bank and in hand 29,422 16,957
226,697 179,232
Creditors: amounts falling due within one year 4 (31,716) (22,953)
Net current assets 194,981 156,279
Total assets less current liabilities 194,981 156,279
Net assets 194,981 156,279
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 193,981 155,279
Shareholders' funds 194,981 156,279
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.
Satish Patel Peter Ernest Tigg
Director Director
Approved by the board on 22 November 2023 Approved by the board on 22 November 2023
PTP ARCHITECTS (INTERIORS) LTD
Notes to the Accounts
for the year ended 30 June 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.
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 8 6
3 Debtors 2023 2022
£ £
Trade debtors 197,275 141,165
Other debtors - 21,110
197,275 162,275
4 Creditors: amounts falling due within one year 2023 2022
£ £
Corporation Tax 9,078 10,065
Taxation and social security costs 13,353 4,000
Other creditors 9,285 8,888
31,716 22,953
5 Controlling party
Including in debtors is an amount of £197,275 owed by PTP Architect (London) Ltd.
6 Other information
PTP ARCHITECTS (INTERIORS) LTD is a private company limited by shares and incorporated in England. Its registered office is:
H Plaskow & Co
Chartered Certified Accountants
208 Green Lanes
Palmers Green
London
N13 5UE
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