Company Registration No. 13078715 (England and Wales)
P2C Contracts Ltd
Unaudited accounts
for the year ended 31 October 2023
P2C Contracts Ltd
Unaudited accounts
Contents
P2C Contracts Ltd
Company Information
for the year ended 31 October 2023
Directors
P M Dixon
M J Forbes
Company Number
13078715 (England and Wales)
Registered Office
The Granary
1 Waverley Lane
Farnham
Surrey
GU9 8BB
United Kingdom
Accountants
TaxSense Accountants Ltd
203 West Street
Fareham
Hants
PO16 0EN
P2C Contracts Ltd
Accountants' report
Accountants' report to the board of directors of P2C Contracts Ltd on the preparation of the unaudited statutory accounts for the year ended 31 October 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
P2C Contracts Ltd for the year ended
31 October 2023 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of P2C Contracts Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of P2C Contracts Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than P2C Contracts Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that P2C Contracts Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of P2C Contracts Ltd. You consider that P2C Contracts Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of P2C Contracts Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
TaxSense Accountants Ltd
203 West Street
Fareham
Hants
PO16 0EN
12 July 2024
P2C Contracts Ltd
Statement of financial position
as at 31 October 2023
Tangible assets
6,190
8,785
Cash at bank and in hand
14,428
55,474
Creditors: amounts falling due within one year
(8,614)
(42,008)
Net current assets
11,492
16,687
Called up share capital
100
100
Profit and loss account
17,582
25,372
Shareholders' funds
17,682
25,472
For the year ending 31 October 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 directors acknowledge their 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 of Directors and authorised for issue on 12 July 2024 and were signed on its behalf by
M J Forbes
Director
Company Registration No. 13078715
P2C Contracts Ltd
Notes to the Accounts
for the year ended 31 October 2023
P2C Contracts Ltd is a private company, limited by shares, registered in England and Wales, registration number 13078715. The registered office is The Granary, 1 Waverley Lane, Farnham, Surrey, GU9 8BB, United Kingdom.
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 % reducing balance
Motor vehicles
25 % reducing balance
Computer equipment
33 % straight line
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 November 2022
1,025
8,500
2,450
11,975
At 31 October 2023
1,025
8,500
2,450
11,975
At 1 November 2022
256
2,125
809
3,190
Charge for the year
193
1,593
809
2,595
At 31 October 2023
449
3,718
1,618
5,785
At 31 October 2023
576
4,782
832
6,190
At 31 October 2022
769
6,375
1,641
8,785
P2C Contracts Ltd
Notes to the Accounts
for the year ended 31 October 2023
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
5,093
4,641
Loans from directors
-
34,253
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director Loan Account
(34,253)
63,313
29,060
-
9
Average number of employees
During the year the average number of employees was 0 (2022: 1).