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REGISTERED NUMBER: 09092998 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

P3 DELIVERY LTD

P3 DELIVERY LTD (REGISTERED NUMBER: 09092998)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


P3 DELIVERY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: R Jacks





REGISTERED OFFICE: Woodbank
North Road
South Kilworth
Lutterworth
Leicestershire
LE17 6DR





REGISTERED NUMBER: 09092998 (England and Wales)





ACCOUNTANTS: PWH Accountancy Ltd
The Counting House
High Street
Lutterworth
Leicestershire
LE17 4AY

P3 DELIVERY LTD (REGISTERED NUMBER: 09092998)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 9,093 3,311

CURRENT ASSETS
Debtors 6 2,225 2,747
Cash at bank 14,159 62,782
16,384 65,529
CREDITORS
Amounts falling due within one year 7 9,310 40,809
NET CURRENT ASSETS 7,074 24,720
TOTAL ASSETS LESS CURRENT
LIABILITIES

16,167

28,031

PROVISIONS FOR LIABILITIES 8 1,791 629
NET ASSETS 14,376 27,402

CAPITAL AND RESERVES
Called up share capital 9 70 70
Retained earnings 10 14,306 27,332
SHAREHOLDERS' FUNDS 14,376 27,402

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 August 2024 and were signed by:




R Jacks - Director


P3 DELIVERY LTD (REGISTERED NUMBER: 09092998)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

P3 Delivery 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

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

Critical accounting judgements and key sources of estimation uncertainty
In the application of the Company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered relevant, Actual results may differ from these estimates.

Turnover
Revenue comprises the fair value of the consideration received or receivable for the rendering of services in the ordinary course of the company's activities. Revenue is shown net of VAT and trade discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities The amount of revenue is not considered to be reliably measurable until all contingencies relating to the sale have been resolved. The company bases its estimates on historical results, taking into consideration the type of customer, the type of transaction and the specifics of each arrangement.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 20% on reducing balance
Computer equipment - 20% on reducing balance

Financial instruments
Financial assets
Receivables are stated at amortised cost using the effective interest rate method. A provision for impairment of receivables is established where there is objective evidence that the company will not be able to collect all amounts due according to the original terms of payment. Receivables are considered for impairment on a case by case basis and any provision is based on the directors' assessment of the amount recoverable on each receivable.

Financial liabilities
The company's financial liabilities include trade and other payables, which are measured at amortised cost using the effective interest rate method. Financial liabilities are recognised when the company becomes a party to the contractual agreements of the instrument. Interest-related charges are recognised as an expense in the period in which they are incurred.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand, deposits held at call with banks, other short-term highly liquid investments with original maturities of three months or less, and bank overdrafts.


P3 DELIVERY LTD (REGISTERED NUMBER: 09092998)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

3. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

5. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 July 2023 6,600 5,543 12,143
Additions 7,496 1,750 9,246
Disposals (6,600 ) - (6,600 )
At 30 June 2024 7,496 7,293 14,789
DEPRECIATION
At 1 July 2023 5,493 3,339 8,832
Charge for year 1,499 858 2,357
Eliminated on disposal (5,493 ) - (5,493 )
At 30 June 2024 1,499 4,197 5,696
NET BOOK VALUE
At 30 June 2024 5,997 3,096 9,093
At 30 June 2023 1,107 2,204 3,311

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 2,496
VAT 1,947 -
Prepayments 278 251
2,225 2,747

P3 DELIVERY LTD (REGISTERED NUMBER: 09092998)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 4,071 28,586
Social security and other taxes 251 180
VAT - 7,742
Directors' current accounts 4,188 3,501
Accrued expenses 800 800
9,310 40,809

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 1,791 629

Deferred
tax
£   
Balance at 1 July 2023 629
Charge to Income Statement during year 1,162
Balance at 30 June 2024 1,791

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
70 Ordinary 1 70 70

10. RESERVES
Retained
earnings
£   

At 1 July 2023 27,332
Profit for the year 21,974
Dividends (35,000 )
At 30 June 2024 14,306

11. RELATED PARTY DISCLOSURES

As at the year ended, 30 June 2024, there was a balance owed by the company to the director of £4,188 (2023 £3,949). This amount is included within creditors on the balance sheet.

12. ULTIMATE CONTROLLING PARTY

The controlling party is R Jacks.

The ultimate controlling party is R Jacks.