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REGISTERED NUMBER: 08300933 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 March 2024

for

PCL PLANNING LIMITED

PCL PLANNING LIMITED (REGISTERED NUMBER: 08300933)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PCL PLANNING LIMITED

Company Information
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: D D Seaton
A C Graves





REGISTERED OFFICE: 1a Parliament Square
Parliament Street
Crediton
Devon
EX17 2AW





REGISTERED NUMBER: 08300933 (England and Wales)





ACCOUNTANTS: Haines Watts
3 Southernhay West
Exeter
Devon
EX1 1JG

PCL PLANNING LIMITED (REGISTERED NUMBER: 08300933)

Balance Sheet
31 MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 10,969 13,671
10,969 13,671

CURRENT ASSETS
Stocks 30,168 37,339
Debtors 7 154,241 82,904
Cash at bank and in hand 477,607 451,267
662,016 571,510
CREDITORS
Amounts falling due within one year 8 (87,921 ) (69,819 )
NET CURRENT ASSETS 574,095 501,691
TOTAL ASSETS LESS CURRENT
LIABILITIES

585,064

515,362

PROVISIONS FOR LIABILITIES (3,015 ) (2,643 )
NET ASSETS 582,049 512,719

CAPITAL AND RESERVES
Called up share capital 6,156 6,156
Share premium - 210,534
Retained earnings 575,893 296,029
SHAREHOLDERS' FUNDS 582,049 512,719

PCL PLANNING LIMITED (REGISTERED NUMBER: 08300933)

Balance Sheet - continued
31 MARCH 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 September 2024 and were signed on its behalf by:





D D Seaton - Director


PCL PLANNING LIMITED (REGISTERED NUMBER: 08300933)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

PCL Planning Limited 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 (£).

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

The company's principal place of business is: 13a - 15a Old Park Avenue, Exeter, Devon EX1 3WD.

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.

Turnover
Turnover represents amounts chargeable in respect of the sale of services to customers falling within the company's ordinary activities.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% reducing balance
Fixtures and Fittings - 20% reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

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.


PCL PLANNING LIMITED (REGISTERED NUMBER: 08300933)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024


3. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Long term contracts
Amounts recoverable on long term contracts, which are included in debtors are stated at the net sales value of work done after provisions for contingencies and anticipated future losses on contracts, less amounts received as progress payments on account. Excess progress payments are included in creditors as payments received on account.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 5 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 108,799
AMORTISATION
At 1 April 2023
and 31 March 2024 108,799
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

PCL PLANNING LIMITED (REGISTERED NUMBER: 08300933)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024


6. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 April 2023 9,884 48,607 58,491
Additions - 1,406 1,406
Disposals - (5,037 ) (5,037 )
At 31 March 2024 9,884 44,976 54,860
DEPRECIATION
At 1 April 2023 7,402 37,418 44,820
Charge for year 497 2,247 2,744
Eliminated on disposal - (3,673 ) (3,673 )
At 31 March 2024 7,899 35,992 43,891
NET BOOK VALUE
At 31 March 2024 1,985 8,984 10,969
At 31 March 2023 2,482 11,189 13,671

7. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 89,719 42,060
Other debtors 25,335 212
Directors' loan accounts 30,567 29,625
Prepayments and accrued income 8,620 5,679
154,241 77,576

Amounts falling due after more than one year:
Other debtors - 5,328

Aggregate amounts 154,241 82,904

PCL PLANNING LIMITED (REGISTERED NUMBER: 08300933)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 4,832 5,649
Corporation tax 40,335 38,301
Social security and other taxes 3,547 691
VAT 32,148 19,249
Other creditors 1,189 229
Accruals and deferred income 5,870 5,700
87,921 69,819

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
D D Seaton
Balance outstanding at start of year 19,290 18,683
Amounts advanced 942 607
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 20,232 19,290

A C Graves
Balance outstanding at start of year 10,334 10,317
Amounts advanced 336 335
Amounts repaid (335 ) (318 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 10,335 10,334

During the period the company charged interest on the overdrawn loan accounts amounting to £978 (2023: £942).

10. RELATED PARTY DISCLOSURES

Within other debtors, there is a loan to a related party of £20,000. The loan is interest free and repayable on demand. The loan was repaid in full at 9 April 2024.