Company Registration No. 07862507 (England and Wales)
PCD Accountancy Limited
Unaudited accounts
for the year ended 31 March 2024
PCD Accountancy Limited
Statement of financial position
as at 31 March 2024
Cash at bank and in hand
16,117
17,537
Creditors: amounts falling due within one year
(5,573)
(5,315)
Net current assets
12,708
15,852
Total assets less current liabilities
13,706
16,923
Provisions for liabilities
Called up share capital
1
1
Profit and loss account
13,516
16,719
Shareholders' funds
13,517
16,720
For the year ending 31 March 2024 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 9 August 2024 and were signed on its behalf by
P C Davenport
Director
Company Registration No. 07862507
PCD Accountancy Limited
Notes to the Accounts
for the year ended 31 March 2024
PCD Accountancy Limited is a private company, limited by shares, registered in England and Wales, registration number 07862507. The registered office is 17 Oak Tree Close, Hardwicke, Gloucester, GL2 4TJ.
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.
Turnover represents the value, net of VAT and discounts, of services performed for clients. Turnover is recognised when the company obtains the right to consideration.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% on cost
Computer equipment
25% on cost
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset.
Deferred tax assets and liabilities are not discounted.
PCD Accountancy Limited
Notes to the Accounts
for the year ended 31 March 2024
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2023
1,660
2,835
4,495
At 31 March 2024
1,660
3,334
4,994
At 1 April 2023
973
2,452
3,425
Charge for the year
314
258
572
At 31 March 2024
1,287
2,710
3,997
At 31 March 2024
373
624
997
At 31 March 2023
687
383
1,070
5
Investments
Subsidiary undertakings
Valuation at 1 April 2023
1
Valuation at 31 March 2024
1
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2024
2023
Trade creditors
1,328
1,489
Taxes and social security
2,515
2,186
Other creditors
1,730
1,640
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
9
Transactions with related parties
The company was under the control of the director throughout the current and previous years. The director is the sole shareholder in the company.
PCD Accountancy Limited
Notes to the Accounts
for the year ended 31 March 2024
10
Average number of employees
During the year the average number of employees was 1 (2023: 1).