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REGISTERED NUMBER: 04789807 (England and Wales)





























Unaudited Financial Statements for the Year Ended 31 May 2024

for

PPY Design Limited

PPY Design Limited (Registered number: 04789807)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PPY Design Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: Mr Gary Leslie Dearden
Mrs Deborah Louise Dearden



SECRETARY: Mrs Deborah Louise Dearden



REGISTERED OFFICE: 2 Helmshore Road
Holcombe Village
Bury
Lancashire
BL8 4PA



REGISTERED NUMBER: 04789807 (England and Wales)



ACCOUNTANTS: DonnellyBentley Limited
Chartered Accountants
Hazlemere
70 Chorley New Road
Bolton
Lancashire
BL1 4BY



BANKERS: Co-operative Bank plc

PPY Design Limited (Registered number: 04789807)

Balance Sheet
31 May 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 312 390

CURRENT ASSETS
Debtors 5 5,588 5,621
Cash at bank 557 284
6,145 5,905
CREDITORS
Amounts falling due within one year 6 (6,080 ) (6,214 )
NET CURRENT ASSETS/(LIABILITIES) 65 (309 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

377

81

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings 376 80
SHAREHOLDERS' FUNDS 377 81

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 October 2024 and were signed on its behalf by:





Mr Gary Leslie Dearden - Director


PPY Design Limited (Registered number: 04789807)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

PPY Design 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.

2. ACCOUNTING POLICIES

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

PPY Design Limited (Registered number: 04789807)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 June 2023
and 31 May 2024 8,820
DEPRECIATION
At 1 June 2023 8,430
Charge for year 78
At 31 May 2024 8,508
NET BOOK VALUE
At 31 May 2024 312
At 31 May 2023 390

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,803 1,473
Directors' current accounts - 1,938
Accrued income 2,785 2,210
5,588 5,621

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 3,841 4,296
Social security and other taxes 140 189
Directors' current accounts 172 -
Accrued expenses 1,927 1,729
6,080 6,214

7. CALLED UP SHARE CAPITAL

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

PPY Design Limited (Registered number: 04789807)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances to a director subsisted during the years ended 31 May 2024 and 31 May 2023:

2024 2023
£    £   
Mr Gary Leslie Dearden
Balance outstanding at start of year 1,938 -
Amounts advanced - 1,938
Amounts repaid (1,938 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 1,938