Company Registration No. 05661605 (England and Wales)
PCF Financial Services Limited
Unaudited accounts
for the year ended 30 April 2024
PCF Financial Services Limited
Unaudited accounts
Contents
PCF Financial Services Limited
Company Information
for the year ended 30 April 2024
Directors
Mark Sarratt
Josien Sarratt
Company Number
05661605 (England and Wales)
Registered Office
2ND FLOOR 43-45 HIGH ROAD
BUSHEY HEATH
WD23 1EE
ENGLAND
Accountants
Charterwells
Suite 8, 2nd Floor
43-45 High Road
Bushey Heath
WD23 1EE
PCF Financial Services Limited
Statement of financial position
as at 30 April 2024
Tangible assets
34,641
57,773
Cash at bank and in hand
33,398
82,899
Creditors: amounts falling due within one year
(21,522)
(111,497)
Net current assets
96,525
59,340
Total assets less current liabilities
131,266
117,213
Creditors: amounts falling due after more than one year
(10,832)
(18,667)
Called up share capital
1
1
Revaluation reserve
(17,998)
(17,998)
Capital redemption reserve
(1)
(1)
Profit and loss account
138,432
116,544
Shareholders' funds
120,434
98,546
For the year ending 30 April 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 directors acknowledge their 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 of Directors and authorised for issue on 22 January 2025 and were signed on its behalf by
Mark Sarratt
Director
Company Registration No. 05661605
PCF Financial Services Limited
Notes to the Accounts
for the year ended 30 April 2024
PCF Financial Services Limited is a private company, limited by shares, registered in England and Wales, registration number 05661605. The registered office is 2ND FLOOR 43-45 HIGH ROAD, BUSHEY HEATH, WD23 1EE, ENGLAND.
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.
These financial statements for the year ended 30 April 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 May 2022.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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.
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:
Fixtures & fittings
20% WDV
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 May 2023
91,520
8,789
1,054
101,363
At 30 April 2024
91,520
9,296
1,054
101,870
At 1 May 2023
36,504
6,822
264
43,590
Charge for the year
22,880
495
264
23,639
At 30 April 2024
59,384
7,317
528
67,229
At 30 April 2024
32,136
1,979
526
34,641
At 30 April 2023
55,016
1,967
790
57,773
PCF Financial Services Limited
Notes to the Accounts
for the year ended 30 April 2024
5
Investments
Other investments
Valuation at 1 May 2023
100
Valuation at 30 April 2024
100
Amounts falling due within one year
Accrued income and prepayments
5,793
5,793
Other debtors
78,856
82,145
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
10,000
-
Amounts owed to group undertakings and other participating interests
(45,037)
3,034
Taxes and social security
52,470
82,890
Loans from directors
321
22,723
8
Creditors: amounts falling due after more than one year
2024
2023
9
Average number of employees
During the year the average number of employees was 3 (2023: 3).