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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
Page
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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
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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
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P2C Contracts Ltd Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
6,190 
8,785 
Current assets
Debtors
5,678 
3,221 
Cash at bank and in hand
14,428 
55,474 
20,106 
58,695 
Creditors: amounts falling due within one year
(8,614)
(42,008)
Net current assets
11,492 
16,687 
Net assets
17,682 
25,472 
Capital and reserves
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
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P2C Contracts Ltd Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
Depreciation
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 
Net book value
At 31 October 2023
576 
4,782 
832 
6,190 
At 31 October 2022
769 
6,375 
1,641 
8,785 
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P2C Contracts Ltd Notes to the Accounts for the year ended 31 October 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
- 
545 
Trade debtors
5,678 
2,676 
5,678 
3,221 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
1,607 
- 
Trade creditors
951 
2,151 
Taxes and social security
5,093 
4,641 
Loans from directors
- 
34,253 
Accruals
963 
963 
8,614 
42,008 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
M J Forbes
Director Loan Account
(34,253)
63,313 
29,060 
- 
(34,253)
63,313 
29,060 
- 
9
Average number of employees
During the year the average number of employees was 0 (2022: 1).
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