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Company Registration No. 06498054 (England and Wales)
P&PC Surveyors Ltd Unaudited accounts for the year ended 29 May 2024
P&PC Surveyors Ltd Unaudited accounts Contents
Page
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P&PC Surveyors Ltd Company Information for the year ended 29 May 2024
Director
Peter Charnley
Secretary
Peter Charnley
Company Number
06498054 (England and Wales)
Registered Office
Mighty House 83 Bowerham Road Lancaster LA1 4AQ
Accountants
The Tax Farm Hare House 732 Whittingham Lane Preston PR3 2JJ
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P&PC Surveyors Ltd Statement of financial position as at 29 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
- 
1,350 
Tangible assets
55,574 
63,292 
Investments
- 
12 
55,574 
64,654 
Current assets
Debtors
1,257,565 
1,231,782 
Cash at bank and in hand
1,125,562 
961,427 
2,383,127 
2,193,209 
Creditors: amounts falling due within one year
(692,963)
(599,660)
Net current assets
1,690,164 
1,593,549 
Total assets less current liabilities
1,745,738 
1,658,203 
Creditors: amounts falling due after more than one year
(97,239)
(147,239)
Net assets
1,648,499 
1,510,964 
Capital and reserves
Called up share capital
1 
1 
Capital redemption reserve
(18,999)
(18,999)
Profit and loss account
1,667,497 
1,529,962 
Shareholders' funds
1,648,499 
1,510,964 
For the year ending 29 May 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 31 October 2024 and were signed on its behalf by
Peter Charnley Director Company Registration No. 06498054
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P&PC Surveyors Ltd Notes to the Accounts for the year ended 29 May 2024
1
Statutory information
P&PC Surveyors Ltd is a private company, limited by shares, registered in England and Wales, registration number 06498054. The registered office is Mighty House, 83 Bowerham Road, Lancaster, LA1 4AQ.
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.
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
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:
Motor vehicles
25% reducing balance
Fixtures & fittings
20% reducing balance
Computer equipment
20% reducing balance
Leased assets
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 30 May 2023
6,750 
At 29 May 2024
6,750 
Amortisation
At 30 May 2023
5,400 
Charge for the year
1,350 
At 29 May 2024
6,750 
Net book value
At 29 May 2024
- 
At 29 May 2023
1,350 
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P&PC Surveyors Ltd Notes to the Accounts for the year ended 29 May 2024
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 30 May 2023
11,167 
47,889 
35,112 
42,611 
136,779 
Additions
1,360 
- 
11,271 
4,280 
16,911 
At 29 May 2024
12,527 
47,889 
46,383 
46,891 
153,690 
Depreciation
At 30 May 2023
3,637 
30,971 
15,431 
23,448 
73,487 
Charge for the year
1,778 
11,972 
6,191 
4,688 
24,629 
At 29 May 2024
5,415 
42,943 
21,622 
28,136 
98,116 
Net book value
At 29 May 2024
7,112 
4,946 
24,761 
18,755 
55,574 
At 29 May 2023
7,530 
16,918 
19,681 
19,163 
63,292 
6
Investments
Other investments 
£ 
Valuation at 30 May 2023
12 
Disposals
(12)
Valuation at 29 May 2024
- 
7
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
14,663 
59,028 
Other debtors
1,242,902 
1,172,754 
1,257,565 
1,231,782 
8
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
50,000 
50,000 
VAT
26,868 
33,926 
Trade creditors
35,505 
58,363 
Taxes and social security
59,148 
45,504 
Other creditors
48,381 
46,326 
Accruals
21,587 
702 
Deferred income
451,474 
364,839 
692,963 
599,660 
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P&PC Surveyors Ltd Notes to the Accounts for the year ended 29 May 2024
9
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
58,333 
108,333 
Other creditors
38,906 
38,906 
97,239 
147,239 
10
Transactions with related parties
The following amounts were outstanding at the reporting end date: Amounts due from related parties PRS Consultancy Limited £132,741 (2023 - £17,431) 60 Church Street Limited. £872,444 (2023 - £869,044) Lancaster Property Lettings Ltd £42,000 (2023 - £42,000) Cappuvino Ltd £18,226 (2023 - £2,209) P&M Properties £10,000 (2023 - £10,000) D&P (Lancaster) Ltd £52,000 (2023 - £13,000) Amounts owed to related parties Fisher Wrathall Surveyors Limited £3,000 (2023 - £2,000) Market Street Limited £24,628 (2023 - £24,628) The amount outstanding from PRS Consultancy Limited, a company in which Mr. P Charnley is a director and shareholder, is in respect of a loan. Interest at 7% was charged on the loan during the year. The amount outstanding to Fisher Wrathall Surveyors Limited Limited a company in which Mr. P Charnley is a director and shareholder, is in respect of a loan. No interest was charged on the loan during the year. The amount outstanding from 60 Church Street Limited a company in which Mr. P Charnley is a director and shareholder, is in respect of a loan. No interest was charged on the loan during the year. The amount outstanding to Market Street Limited a company in which Mr. P Charnley is a director and shareholder, is in respect of a loan. No interest was charged on the loan during the year. The amount outstanding from Lancaster Property Lettings Ltd a company in which Mr. P Charnley is a director and shareholder, is in respect of a loan. No interest was charged on the loan during the year. The amount outstanding to Cappuvino Limited a company in which Mr. P Charnley is a director and shareholder, is in respect of a loan. No interest was charged on the loan during the year. The amount outstanding to P&M Properties a partnership in which Mr. P Charnley is a partner, is in respect of a loan. No interest was charged on the loan during the year. The amount outstanding from D&P (Lancaster) Ltd a company in which Mr. P Charnley is a director and shareholder, is in respect of a loan. No interest was charged on the loan during the year.
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P&PC Surveyors Ltd Notes to the Accounts for the year ended 29 May 2024
11
Average number of employees
During the year the average number of employees was 21 (2023: 21).
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