Company Registration No. 10887926 (England and Wales)
P LACEY & ASSOCIATES LIMITED
Unaudited accounts
for the year ended 31 July 2024
P LACEY & ASSOCIATES LIMITED
Unaudited accounts
Contents
P LACEY & ASSOCIATES LIMITED
Company Information
for the year ended 31 July 2024
Directors
Paul Lacey
Melanie Lacey
Company Number
10887926 (England and Wales)
Registered Office
2 OFFICE 17
REGENT ROAD
LOWESTOFT
NR32 1PA
ENGLAND
Accountants
P Lacey & Associates Ltd
Office 17
2 Regent House
Lowestoft
NR32 1PA
P LACEY & ASSOCIATES LIMITED
Statement of financial position
as at 31 July 2024
Tangible assets
3,390
3,988
Cash at bank and in hand
21,486
14,687
Creditors: amounts falling due within one year
(23,818)
(16,207)
Net current assets
2,778
3,365
Called up share capital
2
2
Profit and loss account
6,166
7,351
Shareholders' funds
6,168
7,353
For the year ending 31 July 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 18 August 2024 and were signed on its behalf by
Paul Lacey
Director
Company Registration No. 10887926
P LACEY & ASSOCIATES LIMITED
Notes to the Accounts
for the year ended 31 July 2024
P LACEY & ASSOCIATES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10887926. The registered office is 2 OFFICE 17, REGENT ROAD, LOWESTOFT, NR32 1PA, 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.
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.
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
15% reducing balance
Computer equipment
15% reducing balance
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 August 2023
3,748
4,567
8,315
At 31 July 2024
3,748
4,567
8,315
At 1 August 2023
2,039
2,288
4,327
Charge for the year
256
342
598
At 31 July 2024
2,295
2,630
4,925
At 31 July 2024
1,453
1,937
3,390
At 31 July 2023
1,709
2,279
3,988
Amounts falling due within one year
P LACEY & ASSOCIATES LIMITED
Notes to the Accounts
for the year ended 31 July 2024
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
20,073
16,207
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
8
Average number of employees
During the year the average number of employees was 3 (2023: 3).